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, it is calculated as the selling price of an item, less the cost of goods sold (e.g. production or acquisition costs, not including indirect fixed costs like office expenses, rent, or administrative costs). gross margin is often used interchangeably with gross profit, but the terms are different. when
linked to the sale, such as material costs, labor, supplier profit, shipping-in costs (cost of getting the product to the point of sale, as opposed to shipping-out costs which are not included in cogs), etc. it does not include indirect fixed costs like office expenses, rent, administrative costs, etc...
https://en.wikipedia.org/wiki/Gross_margin