Scenario What is the Standard Formuls to calculate Estimated Gross Profit? Solution The standard formula in calculating the Estimated Gross Profit is as follows: Sales –Est. Extended Cost = Est. Gross Profit Where: Sales = refers to the total quantity multiplied with the unit price of the item Est. Extended Cost = based on the… Continue reading Calculating the Est. Gross Profit and Est. Gross Profit Percent when Discount is Applied