Need to know finance - Newcastle University
Need to know finance . You cant hide from it… Every decision has financial implications . Estimating sales and cost of sales (aka direct costs) Gross Profit and Gross Profit Margin (GPM) Sales – cost of sales = gross profit £90k - £40k = £50,000 gross profit Gross profit ÷ total sales x 100 = gross profit margin £50k ÷ £90k x 100 = 55% is the gross profit margin For every £100 of sales you make £55 gross profit Eg: … ................
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