How do I calculate GPP on goods sold?

September 9, 2006 5:36 PM

How do I calculate Gross Profit Percentage (GPP) on goods I sell?

I've tried google but it has confounded my limited maths skills.

I want to calculate GPP on goods. I have the cost of the goods, the sale price, the gross profit, but I don't remember how to get the GPP figure.

Cost : $5.00
Sale : $12.00
Profit : $7.00
GPP = ?

I know this is really simple, but I can't remember how it's done and I really need to get it right.

posted by tomble to work & money (2 comments total)

GPP = Profit/Sale = 7/12 = 58.3%
posted by matthewr at 5:44 PM on September 9, 2006 [1 favorite]

Thank you!
posted by tomble at 8:20 AM on September 10, 2006