Question
Formula for Profit margin
Answers
GPT 3.5
The formula for profit margin is:
Profit Margin = (Net Profit / Revenue) x 100
Where:
- Net Profit is the revenue earned after deducting all costs and expenses
- Revenue is the total amount of sales or income generated by the business
The profit margin is usually expressed as a percentage and is used to measure the profitability of a business. A higher profit margin indicates that a company is more efficient in managing its costs and expenses.
Profit Margin = (Net Profit / Revenue) x 100
Where:
- Net Profit is the revenue earned after deducting all costs and expenses
- Revenue is the total amount of sales or income generated by the business
The profit margin is usually expressed as a percentage and is used to measure the profitability of a business. A higher profit margin indicates that a company is more efficient in managing its costs and expenses.