A nursing facility has a gross income of $486,000, fixed expenses of $300,000, and variable expenses of $150,000. what is the approximate percentage of gross profit

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Based on the information provided:

Gross income is $486,000

Fixed expenses: $300,000

Variable expenses: $150,000

To find the percentage of gross profit first figure out the difference between the gross income and expenses which is: $486,000 - $300,000 - $150,000 = $36,000 then divide the gross income by the profit 486,000/36,000 and the answer is 13.5%.

The approximate percentage of gross profit is as 13.5%

What is Gross Profit?

Gross profit is the profit an organization makes subsequent to deducting the expenses related with making and selling its items, or the expenses related with offering its types of assistance.

Gross profit will show up on an organization's pay explanation and can be determined by deducting the expense of merchandise sold (COGS) from income (deals). These figures can be tracked down on an organization's pay proclamation. Gross profit may likewise be alluded to as deals profit or gross pay.

Gross income is valued as the$486,000

Fixed expenses is valued as the $300,000

Variable expenses is valued as the$150,000

To find basically the percentage of gross profit we will first figure out the difference between the gross income and expenses which is: $486,000 - $300,000 - $150,000 = $36,000 then divide generally the gross income by generally the profit 486,000/36,000 and the answer is 13.5%.

Therefore Gross profit is 13.5%.

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