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How To Calculate Insurance Gross Profit

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How To Calculate Insurance Gross Profit . We have used this calculation formula for many years which has proved very helpful to our clients and whilst it will not apply to all situations it will assist in most cases. To start your calculation follow these steps: Profit and Loss Account (GCSE) Business tutor2u from www.tutor2u.net Get the indemnity period right Gross profit is calculated as turnover minus purchases and variable costs. The gross profit formula is: