What is Product Gross Margin?

The Gross Margin is:

• (Product Price - Standard Cost) ÷ Product Price = Gross Margin %
  Example: Daily Shampoo Product Price is $20.00, the Standard Cost is $10.00
• ($20.00 - $10.00) / $20.00 = 50% Gross Margin

Note: Gross Margin cannot exceed 100%