Is Gross Profit Margin equals Sales Gross Profit x 100?

No, Gross Profit Margin is not calculated by simply multiplying Sales Gross Profit by 100. Instead, it is calculated by dividing Gross Profit by Total Sales and then multiplying by 100 to express it as a percentage. The formula is: Gross Profit Margin = (Gross Profit / Total Sales) x 100. This metric indicates what portion of sales revenue exceeds the cost of goods sold.