You can now measure the appropriate amount of money you should sell your products with ease with this great tool so that you can save and achieve the highest possible profits.
The profit margin indicates how profitable a product, service, or business is. It’s calculated in percentages, and the higher that percentage, the higher the business’s profitability.
You can use the free calculator to easily determine your gross profit margin. To calculate it on your own time, here’s a simple formula that will help:Subtract the cost of goods sold from the net sales (which is gross revenues minus returns, allowances, and discounts). Divide the figure you get by the net sales to calculate the percentage gross profit margin.Net sales – cost of goods sold = XX / Net sales = % Gross profit margin
It’s easy!To use imanagementpro’s free, simple profit margin calculator, just go to imanagementpro.com/en/profit-margin-calculator-tool/. Enter your numbers and then click ‘Calculate My Profit’ – that’s it!
