Subtract our cost of goods sold from your weekly sales revenue to determine your company's weekly gross profit.
for example, if our total weekly sales revenue is $10,000 and your cost of goods sold is $3,375, your company's total weekly gross profit is $6,625, or 10,000 minus 3,375.
Understand the core calculation for your profit margin to know how to modify the end result. To determine your profit margin, subtract your purchase price from the price you sell the item for to isolate the increase in price. Divide the increase by the price you sell the item for to determine your profit margin. For example, if you pay $8 for an object you sell for $10, you make $2 on each piece. Based on this calculation, you have a 20 percent profit margin.
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