Gross Margin and Gross Margin Percentage Explained
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- Опубліковано 1 жов 2024
- Understanding the financial end of your business is crucial to your business success. In this video Bob helps you understand the difference between "gross margin" and "gross margin percentage."
You have a way of explaining these concepts that keeps it simple. As an innovator, it has been hard to discern pricing and it takes years to get a clear price. THANK YOU.
WAOOOOOO LITERALLY SOLVED MY BUSINESS PROBLEM. THANK YOU
Wrong answer at 6:41 Correct answer is 357🙏 Great feed back
I feel like he just sold me an accounting book from one of those famous infomercials lol :)
what a fantastic video! thank you!
Awesome video. Thanks for making it clear and understandable for normal people who don't have a finance degree.
My Goodness!! I hate math! I’m going into business and am forcing myself to learn the basics. This was excellent! EXCELLENT! THANK YOU!
This was so clear oh my gosh I can finally explain GM in my own words and I understand the importance of it now. Thanks!
You should change your clip title to “I can explain far better what is Gross Margin and % to all the other garbage piece of shit explanation videos”. Good job and big thank you. Watched more than 5 videos and NONE of them explain better in simple words than yours.
It's 357
If I sell a thing at 152 and cost is 83.10 what will be profit margin
thanks sir. great lesson I learn from you today as I just starting out my new business :)
I was stressed before I watch this video but I am now happy and it will add value to my business. Thank you
What’s an easy formula for evaluation of a company?
Amazing!! didn't want the video to end ,thank you
also you need to consider taxes, Worker comp and labor Burden.
can you also do one for a General contractor
She'd have to sell 357 and not 347. I don't mean to make her cry all the more.
What’s the difference between gross margin and IMU (initial markup unit)?
Great energy
I'm here because I think the one written on our module is wrong lol
Thank you great information
Provide cost breakdown structure to calculate the running cost of the business
awesome explanation! great job
Bob. If I'm trying to figure out my GPM including both my sales and my services income (hourly). Do I add my product sales and my gross service income and then subtract COGS?
Thank you for a really clear description of how profit margin works!
What happened to this speaker? Great video
And don't forget its different when you are finding the percentage base on the SELLING PRICE and percentage base on COST PRICE. But thanks for sharing
Instructors that make information consumable are so important. Some (usually Ph.D.'s) convolute material to the point you want to give up as a way to "prove" that they lead a complex, extensive course when in actuality they are poor instructors.
very good and very helpful
Wow. Awesome video! Thank you for explaining. I am taking Bloomberg Market Concepts training and came here to figure out what they were talking about regarding Gross Margin.
1000÷2.80= 357 NOT 347!!!!!!!!!!!
Lol. I love the way you explain things. But your director is no Scorsese.
Thanks anyways.
Great, great explanation. I immediately understood this concept after trying to read it in a book and drawing a blank for about 15 minutes. Why did you stop doing videos?
You are literary awesome
Very clear. Thanks
7:36 * 172
Excellent thank you.
"Mark up"
" gross profit as a % of cost price" I need to understand now along with " cost of good sold as a percentage of selling price".
6:53 *357
Great vid-)
Thank you so much !!!
Lovely tutorial
What the fuck Mark!
i was looking for and easy way to explain this topics in english to my foreign students. excellent class and video . greetings from Ecuador.
thanks pal , greetings from Ecuador.
wow !
this concept was a pain to me but you are my pain killer. thank you.
Good video.. just one question tho..isn't the margin= profit/cost of goods sold?
Thanks !
357 bars of soap actually to make her $1000. haha love the video. thanks for the help
Very informative, now I truly understand something that's quite "alien" to my ears, never been explained as thoroughly as you did..thanks so much prof.!
In order to make 1000 with profit of 2.80, she need to sell around 357 not 347
it's funny and strange when i started my fruit business, i sat down and did this calculations on based on my simple understanding since i never studied management or entrepreneur but i always take the cost of every penny i used and divide it with the number of products am to produce then from there i get the value of every product after i get the value i set the amount i need on each product. my amount always include a penny to save, and to spend since i already have the cost to run the business. surprising to know that there is a name and formula of what i always been doing, tho am very grateful for this video because am expanding my business and working on my business plan i have to understand gross margin and thanks to you made it even clear for me. much love be blessed
Really helpful video. Please i need some more similar videos.
Thanks Bob and crew, great video!
Hi Bob, thanks for informative video. Can you please also clarify the difference between standard GM and gross margin ? In your video the GM you found is before or after landed costs ?
Thanks sir the explanation is very clear.
Great Example Thank you
Fantastically explained!
Thanks for the clear explanation!
i like the way he explained the lesson its quite entertaining
Thank you so much for sharing this useful data! Greatly appreciated.
u really is an amazing lecture...thnx for everything....
Hi Bob how do I compile a sales forecast for a financial plan
its super clear wow thnks
This was brilliant. Thanks kindly for doing this.
Great Explanation impressed!
So fantastic!
IT WAS SUCCESSFULLY HELPFUL☺
Wow this taught me a lot
GOOD ONE. THANK U
This is awesome! Thank you. 😊
Thank YOU!! REALLY HELPED ME
great energy
Come on mark! He's on camera 😤
Thanks you
Thanks.
thank you
I am so sick of the same answer. When I asked what should my gross margin percentage be I always get the same stupid answer. It depends on blah blah blah.
Ok????????? Just telling me it depends on something doesn't answer my question.
So if I were to tell you I am starting a small residential HVAC company here in Las Vegas Nevada, what should my gross margin percentage be?
Answer...... Well that depends.
They never tell you what it depends on. Depends on what? Tell me what that number supposed to be and how do I get to it? Why doesn't anybody ever explain how do I get to the specific number? It always depends it always depends. But they never tell you what exactly it depends on. It's like a cliche. It just depends. It depends on your overhead. Okay and then I give them what my overheads going to be and well that depends it depends on something else. They never tell you how to get to that number. What exactly does it depend on and how do I go about finding what that gross margin percentage is supposed to be? It depends