Allowing for contra account items for Sales and Purchases
far you have looked at simple
calculations.This page helps you
calculate gross profit under more
complex scenarios.In particular it
takes into consideration some other items that impact upon your
Net Sales and
Cost of Goods Sold (COGS).
These items include that you reduce your Sales to Net Sales such as:
Discounts you have
allowed on sales, Sales
Returns.It also includes items
that could change the value of the purchases of inventory.These items include such things as discounts you receive or
freight that you pay on the
delivery of your inventory.
Complete the data entry form below and calculate not only your Gross Profit
but other items such as Net Sales and Cost of Goods Sold.