Gross margin, abbreviated as GM, is the ratio or percentage of revenue that exceeds your business's costs of goods.
Gross Margin Formula |
| \( GM \;=\; \dfrac{ R - COGS }{ R } \) |
| Symbol |
| \( GM \) = Gross Margin |
| \( COGS \) = Cost of Goods Sold |
| \( R \) = Revenue |
