Gross Profit and Gross Profit Margin | A-Level, IB & BTEC Business

The calculation of gross profit and gross profit margin is explained in this video.
#alevelbusiness #aqabusiness #edexcelbusiness #btecbusiness
VIDEO CHAPTERS
00:00 Introduction
00:12 What is gross profit?
01:07 Calculating the gross profit margin
01:58 Interpreting the gross profit margin

[@tutor2u-official]

Check out this revision quiz on increasing business profit www.tutor2u.net/admin/entries/reference5/44562-improving-profit-revision-quiz

[@victoremilvillestas1446]

what if there is a sales return do we still need it to substract the sales revenue before subtracting it with the cogs

[@lordsheng7867]

Finally understand what it means

[@nazarkamal8831]

This is simply amazing thanks

[@ee-zm3hz]

You've really helped me for IB business. Thank you:)

[@tutor2u-official]

You are so welcome!

[@chukwuhenry7476]

Thank you for this...

[@omarkraidie]

Generally speaking does cost of revenue include taxes? Thanks!

[@Stewwwwww]

How do you work out profit for a product you sell? Do u include vat in this calculation?

[@ytk3797]

THX such a big help actoully

[@jasonstrong1242]

I asked a simple question what is gross profit answered thank u

[@dsd2847]

Thank you, this helped alot😁

[@tutor2u-official]

Glad it helped!

[@eveningrose8946]

Thank you so much for this video

[@tutor2u-official]

You are so welcome!

[@levicross4680]

Bang on

[@ajwatypingphotocopying8971]

cool

[@biblebloopers946]

Is gross profit margin and gross profit percentage the same thing?

[@honeycat8734]

Thank you! Where does this formula fit in? Mark-up = gross profit / Cost of sales X100? And what is Mark-up?

[@tutor2u-official]

Mark-up is calculated as gross profit / cost of sales. We did a livestream on this just before Xmas which goes through it ua-cam.com/video/DKTCHi2mYB4/v-deo.html

[@wellnessworldshop]

Man. FINALLY! Simple. Why the fuck does Google confuse the shit 🤬

[@tutor2u-official]

Never good to over complicate things

[@Ohnoana1]

What if my question doesn’t have sales revenue??

[@bh115]

Thank you !

[@priya200328]

Any body know where I can get some test papers for the business for gcse AQA??

[@aaaaaaa6954]

Are 'revenue'and.' sales revenue' interchangeable? Thanks 👍🙂

[@tutor2u-official]

Yes they are

[@aaaaaaa6954]

@@tutor2u-official thanks 🙂

[@carreontriciagracea.9562]

What why does our module different

[@francescotagliavento8081]

what is the gross profit if the elements of the income statemnt look as follows: secondary income 33,000; COGS 68.000; depreciation 500; sales 100,000?
a)32,000
b) 20,000
c)32,500
d)25,000
e) none of above answers is correct
Someone could help me? I don't know how to calculate that?

[@bilaalhussain9410]

none of them are correct big man

[@erzaine6545]

Grofit