(SeIIing price - cost of goods) / seIIing price = gross profit.
For example: an item that seIIs for $10, and that costs $3, would generate gross profits of $7 (seIIing price - cost of goods) and a gross profit margin of 70% ($7 / $10).
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(SeIIing price - cost of goods) / seIIing price = gross profit.
For example: an item that seIIs for $10, and that costs $3, would generate gross profits of $7 (seIIing price - cost of goods) and a gross profit margin of 70% ($7 / $10).
p.s.t i need brain.liest