Gross profit forum

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mystified66

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Mar 3, 2008
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I need a formula to work out gross profit. I am a jeweller selling rings.


A Ring Price. B VAT 20%. C Assay Fee (Always 17.50).
D. Gold Price. E Total Cost F Gross Profit


I think it should be B + C + D = E. F - E = GROSS PROFIT
(I THINK)
 

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