If the cost of manufacturing (direct material and direct labor) is 45 % of sales and...
If the cost of manufacturing (direct material and direct labor) is 45 % of sales and overhead is 16 % of sales, what would be the profit percentage?
Homework Answers
Profit = Sales - (Cost of Manufacturing + Overheads)
Profit(%) = Sales - (Cost of Manufacturing + Overheads)
Profit(%) = 100 - {(45 + 16)% of 100}
Profit(%) = 100 - (45 + 16)
Profit(%) = 39 %
Answer:- Profit percentage is 39%
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