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gross profit percentage

(Dictionary)

Author:
Harold Averkamp, CPA, MBA

Definition

Dollars of gross profit divided by the dollars of net sales. Also known as gross margin.

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About the Author

Harold Averkamp

For the past 52 years, Harold Averkamp (CPA, MBA) has
worked as an accounting supervisor, manager, consultant, university instructor, and innovator in teaching accounting online. He is the sole author of all the materials on AccountingCoach.com.

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