ABSTRACT
It is important to know the cost of goods sold (COGS) in order to calculate your profits. The COGS is your capital investment in your business. Sales minus the COGS will give you your gross income. https://www.w3.org/1998/Math/MathML"> S a l e s − C O G = G r o s s I n c o m e G r o s s I n c o m e − O p e r a t i n g E x p e n s e s = Pr o f i t s https://s3-euw1-ap-pe-df-pch-content-public-p.s3.eu-west-1.amazonaws.com/9780080510781/349fd38e-1125-4f2f-aeb7-f46e94419f14/content/eq2_B.tif" xmlns:xlink="https://www.w3.org/1999/xlink"/>
