Definition of speculate for English Language Learners. : 1  to think about something and make guesses about it : to form ideas or theories about something usually when there are many things not known about it. : 2  to invest money in ways that could produce a large profit but that also involve a lot of risk.
140,637. To calculate the gross profit, we first add up the cost of goods sold: Automotive cost of sales ($123,516 m) + FS interest expenses ($2,699 m) + FS provision for credit and insurance loss ($305 m) = $126,520 m. We do not include Selling, administrative and other expenses, since these are mostly fixed costs.ross profit is expressed as a currency value, gross profit margin as a percentage. The formula for gross profit margin is: Gross profit margin = gross profit / revenue = (revenue-cost of goods sold) / revenue. Gross profit margins vary greatly by industry.
Determining Cost of Goods Sold. The formula to determine cost of goods sold is: Beginning Inventory + Net Inventory Purchases = Cost of Goods Available. The Cost of Goods Available - Ending Inventory = Cost of Goods Sold. Assume beginning inventory was $1,000. Net purchases of $500 were made during the period, resulting in a total cost of goods available of $1,500. Assume the ending inventory for the period is $750.