Describe Gross Profit Percentage

Gross profit percentage tells us how much of sales income is gross profit. Gross profit is the sales amount of the cost of particular items that was sold. Profit will be gained whenever the selling price of one thing is greater than cost price Gross profit percentage is one of the way to evaluate financial performance of a person or company. It helps to see what percentage of their earning after costs is profit. . . . . . . . . . .

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