Resolved: How is this possible?
For the above question, since the formula says Gross Profit= Revenue - Cogs, shouldn't the answer be the fourth option? Why is it SUM(Revenue)+SUM(Cogs) ?
3 answers ( 1 marked as helpful)
Hello,
Good to hear from you.
Cogs is already negative in the dataset. This is the reason why you got confused.
Best,
Ned
Thank you.
Even if the dataset has negative values, we cannot change the gross profit ratio forumula right?