Calculate Cost of Goods Sold in Retail

In this video I go into what is cost of goods sold and how do you calculate cost of goods sold in retail.

This includes the cost of goods sold formula, how to use it, and why it is important.

Although a relatively basic concept, cost of goods sold or COGS is one of the most important foundational metrics of retail math as it is very literally what the cost of the items that you sell is and how much profit you make.

From this as a retailer you can drive your strategy around promotions, assortment, and many other things that drive your business!

Видео Calculate Cost of Goods Sold in Retail канала Nick McHenry