How is GP (Profit) calculated on Posibolt?
How is GP (Profit) calculated on Posibolt?
Gross profit on a product is the selling price of your product minus the cost of producing it. Gross profit also refers to total sales (also known as revenue or turnover) minus the total cost of sales.
Markup is the amount added to the cost of goods to cover overhead and profit.
1. Markup% = ((selling price - cost)/cost ) * 100
As per the picture (249-185.78)/185.78 * 100 = 34.03%
2. GP% = ((selling price - cost)/Selling Price) * 100
As per the picture (249-185.78)/249 * 100 = 25.39%
3. Value in bracket (in the picture below) is = Selling - cost/cost * 100