
Gross profit margin: Does your business earn enough to survive?
A company's profitability and performance may be measured by its gross margin, also identified as gross profit margin. The phrase "gross profit margin" refers to the proportion of total revenue remaining after subtracting the cost of the goods sold, which typically includes materials and labor costs. Gross profit margin It is a monetary 💰 indication of a firm's ability to manage its daily operations: a measurement of how profitable a company's manufacturing operations are. Gross profit margin reveals the efficiency with which a firm may develop and retail one or more products before eliminating unwanted expenditures, making it an essential financial…