Gress Protit Percentage The following financial data is from

Gress Protit Percentage The following financial data is from Hi-Tech Instruments financial stanements thousands of dollars, except earnings per share ) ciples of Cost of goodsd et income 124 500 1 30000 ty Based nning and s Segmen ns and 60000 2250000 ype here to search 6 8 WER 4

Solution

$ Sales revenue           210,500 Less: Cost of goods sold          (124,500) Gross profit              86,000 Gross profit margin = { gross profit / Sales revenue} x 100                                   = 40.9%