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Igsaan McCallum

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Q: Is the cost of sales always equal to 100%?
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What is a sales tax for an item that cost 140oo and has a sales tax rate of 7.5 percent?

If the sales tax would equal 140.00/100 X 7.5. This equals 10.50


How do you know percentage of food cost against sales?

If you know the food cost against sales, it is 100*(food cost)/sales. If you do not know food cost or sales, you cannot know the answer.


How much does it cost if the item is 15.89 and the sales tax is 6 percent?

Multiply the cost (15.89) x the sales tax (in this case 0.06) and divide by 100. Literally, this comes to 95.34 - with sales tax, you always approximate to the nearest 0 which is 95 cents, your total cost will be 16.84


How do you calculate sales from net income percentage?

Sales can be calculated by using net income percentage because net income is always reported as a percentage of sales. For exmaple net income of 20 is a 20% of sales so sales will be as follows: 20% sales = net income Sales = Net income / 20 * 100 Sales = 20 /20 * 100 = 100 So Sales = 100


If cost is 3 and sales 6 then profit is how many percent?

Profit is 100% on cost price of product.


What is the difference between gross margin and gross profit?

Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales.


What is the difference between operating profit and profit margin?

Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales.


What is the difference between gross margin and profit margin?

Gross Margin = (Gross Profit/Sales)*100 Gross Profit = Sales - Cost of Sales Or in words, the Gross Margin is an expression of the Gross Profit as a percentage of Sales, where the Gross Profit is Sales minus the Cost of Sales.


Does a pie graph always have to equal 100 percent?

no


What is the sum of the percent frequencies for all classes will always equal?

It is always 100%.


What is the formula for profit percentage?

Profits, as a percentage of total sales is 100*profits/value of sales.profit/cost price x 100


How much money does a American doll cost?

Every doll cost $100 plus $10.00 shipping & handling, then $9.95 for sales tax if you order online.