Gross profit is calculated by subtracting the cost of goods sold from sales. Businesses also use these two inputs to calculate gross profit margin, which expresses the relationship between gross sales and cost of goods s... More »

Average daily sales are calculated by dividing the annual sales by the number of days in the sales period. This formula allows a business to calculate its sales per day using information from annual, quarterly or semi-an... More »

The formula for determining net sales is: cash sales plus credit sales, minus returns and allowances. Cash and credit sales are treated differently during the month until figuring up totals for amount sold. More »

Gross federal debt is calculated by adding debt held by the public and intragovernmental debt. Federal debt increases as a result of government spending and decreases with the receipt of taxes. More » World View Social Sciences Economics

To calculate gross profit, subtract the cost of goods sold from the amount of total sales for the specified time period. The result is the pre-expense profit derived by the company, also known as the gross profit. More »

To make a simple profit and loss statement, fill the heading of your worksheet with your company name and the reporting period, then fill in the net sales and subtract the cost of goods sold to calculate the gross margin... More » Business & Finance Financial Planning

To calculate profit and loss, evaluate revenue, cost of goods sold and the expenses incurred, then subtract cost of goods sold and expenses from sales. A positive result denoted profit, while a negative result indicates ... More »