Instead of thinking about one field changing in response to the change of the other, it is more correct to say that. whenever the magnetic field is changing, so is the electric field, and vice versa.The way these fields change is governed by Maxwell's equations.This way, we do not arrive at the confusion OP has.nstead of thinking about one field changing in response to the change of the other, it is more correct to say that. whenever the magnetic field is changing, so is the electric field, and vice versa.
Gross profit = net sales â cost of goods sold. Gross profit percentage = [(net sales â cost of goods sold)/net sales] Ã 100%.
Definition of Gross Profit. Gross Profit is the profit remained with the company after reducing all direct costs like material, labor, overhead from Net Sales. The cost of goods sold includes all those costs which are spent in the production and distribution of the product.