Definition of speculate for English Language Learners. : 1  to think about something and make guesses about it : to form ideas or theories about something usually when there are many things not known about it. : 2  to invest money in ways that could produce a large profit but that also involve a lot of risk.
140,637. To calculate the gross profit, we first add up the cost of goods sold: Automotive cost of sales ($123,516 m) + FS interest expenses ($2,699 m) + FS provision for credit and insurance loss ($305 m) = $126,520 m. We do not include Selling, administrative and other expenses, since these are mostly fixed costs.ross profit is expressed as a currency value, gross profit margin as a percentage. The formula for gross profit margin is: Gross profit margin = gross profit / revenue = (revenue-cost of goods sold) / revenue. Gross profit margins vary greatly by industry.
This gives you a 70 percent cost-to-retail ratio. For the year, you book $336,000 in net sales. Your cost of goods sold under the retail method is 70 percent of net sales, or $235,200. Your gross profit is $100,800, which is 30 percent of net sales.You can shortcut the calculation of gross profit margin by subtracting your cost-to-retail percentage of 70 percent from 100 percent. While easy enough to calculate, the gross margin number is completely a function of your cost-to-retail ratio.his gives you a 70 percent cost-to-retail ratio. For the year, you book $336,000 in net sales. Your cost of goods sold under the retail method is 70 percent of net sales, or $235,200. Your gross profit is $100,800, which is 30 percent of net sales.