_____________is the amount of money a retailer makes before taking expenses out or the difference between revenue and COGS.

 A retailer factors in _________________ when considering utilities, marketing costs and real estate rental costs to their prices.

A business makes $5100 in daily revenue and on average spends $1400 in the products sold and $2000 on employee salaries and other expenses. What’s the daily net profit of the business?

Sam’s Surf Shop sold 11 surf boards over the weekend. Each surf board costs $26.00. What’s the revenue for the surf boards?

 A store pays for a schoolbag $12 and sells it for$18. Since school has already begun and sales have slowed down, they need to markdown its price. What is the lowest they can mark down the backpack if they want to still make $3 in profit?

If a store’s revenue is $3,050 and its cost of goods sold (COGS) is $1110, what is the business’s gross profit

 Macey owns a clothing shop in which her current assortment includes summer apparel. It’s nearing end of summer so in order for her to make room for fall items, she decides to mark the items down in order to move them out of the store. What will happen to her gross profit if she does this?

Courtney, the buyer for a small produce store and she sells 25 bags of oranges at $12 per bag. Her cost of goods sold per bag is$7. What is Courtney’s gross profit?

Jim is opening and operating a small online retail shop. What should he take into consideration when setting a retail price?

Which of the following would you categorize as the COGs if operating a taco truck?