reported net sales of €8.9 billion in 2018 and €9.2 billion in 2017. Gross profit decreased from €5.9 billion in 2017 to €5.7 billion in 2018.Calculate the gross profit percentage for each year

Answer 1

gross profit % = (gross profit/sales) x100

***You multiply by 100 to get the number into % format

2017

gross profit % = (5.9/9.3) x100

=64.13%

****You don't have to add all the zeros to show the actual billion amounts. The zeros cancel each other out in the division portion of the calculation.

2018

gross profit % = (5.7/8.9) x100

=64.04%