WEEK 3 - What is my gross profit (gross margin) and what affects it?
Gross profit is the
difference between sales income and “cost of sales” expenses.
Aim to increase your
gross profit margin by either increasing the selling price or decreasing your
cost of sales. What could you do to increase your gross profit margin?
If
you have questions please contact Andrew Marshall or Janine Orpwood at Langley McKimmie Chartered Accountants on (03) 5427 8100
for an initial consultation.
We
provide accounting
and wealth
management services to clients in Woodend, Gisborne and Macedon
Ranges areas within Victoria Australia.