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Percentage of Completion Calculator

  <--- Enter costs at time (t)
  <--- Enter Total Sales/Revenue
  <--- Enter Total Estimated Costs
  

How does the Percentage of Completion Calculator work?

Given a sales price, total costs, and costs per period, this determines the gross profit to date using the percentage of completion method.
This calculator has 2 inputs.

What 1 formula is used for the Percentage of Completion Calculator?

  1. Gross Profit to Date = Percent Complete x Profit Amount

For more math formulas, check out our Formula Dossier

What 4 concepts are covered in the Percentage of Completion Calculator?

cost
an amount that has to be paid or spent to buy or obtain something
percentage of completion
he reporting of revenues and expenses on a period-by-period basis, as determined by the percentage of the contract that has been fulfilled
profit
The amount of money left over after paying costs/expenses
Profit = Revenue - Cost
sales
Exchange of good or service for money