5.1 · The income statement: working out profitLesson 6 of 9
Reading the margins
Gross margin checks pricing; net margin checks the whole business. Both divide by net sales.
Locked
Unlock the rest of O Level Accounting: Foundations (7707).
- Every lesson, every resource, unlocked instantly.
- Track progress and pick up where you left off.
- Free preview lessons stay readable from the outline.