Wine Program Formulas Flashcards Preview

Certified Exam > Wine Program Formulas > Flashcards

Flashcards in Wine Program Formulas Deck (3)
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1
Q

Markup

A

Markup percentage = Gross profit/initial cost x 100

2
Q

COGS (Cost of goods sold)

A

COGS = Starting inventory value + Cost of goods purchase - ending inventory value

3
Q

Profit margin

A

Profit margin percentage = Gross profit/total revenue x 100

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