Gross margin percent practice problems

Marketing Unit 8. Try each one, then open the worked solution. The Credit Sprint app generates unlimited new versions with fresh numbers.

Problem 1.

A product sells for $80 and costs $32. What is the gross margin percentage?

Show solution

Gross margin % = (80 − 32) ÷ 80 × 100 = 60%.

Problem 2.

A product sells for $80 and costs $32. What is the gross margin percentage?

Show solution

Gross margin % = (80 − 32) ÷ 80 × 100 = 60%.

Problem 3.

A product sells for $120 and costs $90. What is the gross margin percentage?

Show solution

Gross margin % = (120 − 90) ÷ 120 × 100 = 25%.

Problem 4.

A product sells for $50 and costs $25. What is the gross margin percentage?

Show solution

Gross margin % = (50 − 25) ÷ 50 × 100 = 50%.

Problem 5.

A product sells for $100 and costs $40. What is the gross margin percentage?

Show solution

Gross margin % = (100 − 40) ÷ 100 × 100 = 60%.

Problem 6.

A product sells for $120 and costs $60. What is the gross margin percentage?

Show solution

Gross margin % = (120 − 60) ÷ 120 × 100 = 50%.