SOLUTION: ComputerTown’s sales revenue was $100,000 in May, while its cost of sales was $70,000. What was its gross margin in dollars? What was its gross margin as a percentage? Explain.

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Question 288383: ComputerTown’s sales revenue was $100,000 in May, while its cost of sales was $70,000. What was its gross margin in dollars? What was its gross margin as a percentage? Explain.

Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
His gross margin was:
100,000-70,000=$30,000.
His % of gross margine was:
(100,000-70,000)/100,000
30,000/100,000=.30 or 30%.