calculate the gross margin in both dollars and percentage forhte swim department if new sales...

calculate the gross margin in both dollars and percentage for hte swim department if new sales are $1,150,000 and cost of goods sold is $638,400.

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Expert Solution

GP Margin = [ Sales - COGS ] / Sales

= [ $ 1150000 - $ 638400 ] / $ 1150000

= $ 511600 / $ 1150000

= 0.4449 I.e 44.49%

GP margin is 44.49%

jeff jeffy answered 2 years ago

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