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in this next video letamp;#39;s take a quick look at working out gross profit in Microsoft Excel now weamp;#39;ve got products costs looking at retail price a lot of people will go okay thatamp;#39;s equal to B2 times 1.2 and we get a retail price but this is 20% of the cost price itamp;#39;s not a true reflection of the profit we were looking for letamp;#39;s delete that one now with our calculation itamp;#39;s actually going to be equals cost price divided by 0.8 and we can drag this down the columns we double check that and say equals C2 time .2 for the 20% we can see itamp;#39;s 25 25 off the 125 is the cost price so this is a true reflection of how to work out the gross profit
