Gross Profit Solution

STEP 0: Pre-Calculation Summary
Formula Used
Gross Profit = Selling Price-Cost
GP = SP-C
This formula uses 3 Variables
Variables Used
Gross Profit - Gross Profit is the profit a company makes after deducting the costs associated with making and selling its products.
Selling Price - The Selling Price indicates the price associated with the selling of the products.
Cost - Cost indicates the price associated with the making of the product.
STEP 1: Convert Input(s) to Base Unit
Selling Price: 120 --> No Conversion Required
Cost: 1223 --> No Conversion Required
STEP 2: Evaluate Formula
Substituting Input Values in Formula
GP = SP-C --> 120-1223
Evaluating ... ...
GP = -1103
STEP 3: Convert Result to Output's Unit
-1103 --> No Conversion Required
FINAL ANSWER
-1103 <-- Gross Profit
(Calculation completed in 00.004 seconds)

Credits

Created by Team Softusvista
Softusvista Office (Pune), India
Team Softusvista has created this Calculator and 600+ more calculators!
Verified by Himanshi Sharma
Bhilai Institute of Technology (BIT), Raipur
Himanshi Sharma has verified this Calculator and 800+ more calculators!

3 Retail Sales Mark-Up Calculators

Markup Markdown Percentage
Go Markup Markdown Percentage = (Gross Profit/Cost)*100
Profit Margin
Go Profit Margin = (Gross Profit/Selling Price)*100
Gross Profit
Go Gross Profit = Selling Price-Cost

Gross Profit Formula

Gross Profit = Selling Price-Cost
GP = SP-C

How to Calculate Gross Profit?

Gross Profit calculator uses Gross Profit = Selling Price-Cost to calculate the Gross Profit, Gross Profit is the profit a company makes after deducting the costs associated with making and selling its products. Gross Profit is denoted by GP symbol.

How to calculate Gross Profit using this online calculator? To use this online calculator for Gross Profit, enter Selling Price (SP) & Cost (C) and hit the calculate button. Here is how the Gross Profit calculation can be explained with given input values -> -1103 = 120-1223.

FAQ

What is Gross Profit?
Gross Profit is the profit a company makes after deducting the costs associated with making and selling its products and is represented as GP = SP-C or Gross Profit = Selling Price-Cost. The Selling Price indicates the price associated with the selling of the products & Cost indicates the price associated with the making of the product.
How to calculate Gross Profit?
Gross Profit is the profit a company makes after deducting the costs associated with making and selling its products is calculated using Gross Profit = Selling Price-Cost. To calculate Gross Profit, you need Selling Price (SP) & Cost (C). With our tool, you need to enter the respective value for Selling Price & Cost and hit the calculate button. You can also select the units (if any) for Input(s) and the Output as well.
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