The formula for calculating gross profit margin... - SS2 Commerce Calculation of gross and net profit to turnover. Question
The formula for calculating gross profit margin is:
A
(Turnover / Gross Profit) X 100
B
(Gross Profit / Turnover) X 100
C
(Net Profit / Turnover) X 100
correct option: b
(Gross Profit / Turnover) X 100
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