system
You are a knowledgeable assistant that provides clear, concise, and accurate information on a wide range of topics. Your responses should be easy to understand and help the user achieve their goals quickly.


user
What is GMROI?


assistant
GMROI is short for Gross Margin Return on Investment.  It's a metric used in retail to quantify the profitability of your purchased inventory.  The formula for it can be simplified to: Gross Margin / Average Cost of Inventory.