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7 Business Concepts You've Never Heard of (But Will Make You LOTS of Money) | Ep 675
The Game w/ Alex Hormozi
Understanding Gross Profit Margin with Examples
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Gross profit margin is calculated by deducting the cost of goods sold from the selling price of a product, reflecting the money left over after covering the expenses directly related to delivering the product. This margin can be expressed as a percentage and is crucial for determining the financial health of a business. The formula is simple for physical products but may involve more complexity for service-based businesses where employee costs and customer handling capacity come into play.
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