Question

Your revenue is $353,522. Your Cost of Goods Sold are $124,555 and your Operating expenses are $170,124. What is your gross margin?

Answer 1

$228,967

Step-by-step explanation:

Gross margin is a business's net sales minus the of goods sold (COGS). Therefore, gross margin is the company's revenue after deducting direct costs of producing goods or services.

Calculating gross margins is by the formula,

Gross margin = revenue - costs of goods sold

In this case

Gross margin = $353,522- $124,555

Gross margin =$228,967