Business Sommelier Formulas Flashcards
1
Q
Markup Percentage
A
Gross Profit/Initial Cost X100
ex:
IC: $10
Markup 3X
Listed Price: $30
Gross Profit: $20
Markup Percentage: 20/10x100= 200% Markup
2
Q
COGS
A
COGS= Starting Inventory+Cost of Good Purchased-Ending Inventory
3
Q
Profit Margin Percentage
A
Profit Margin Percentage: Gross Profit/Total RevenueX100
ex:
Initial Cost: $10
Listed Price (Total Revenue): $30
Gross Profit: $20
PMP: $20/30X100= 66.6%
4
Q
Selling Price
A
SP: Initial Cost/ (1-GP)
5
Q
Gross Profit
A
GP: Selling Price-Initial Cost/Selling Price
6
Q
Cost Price
A
Cost Price: Selling Price/ 100 X Gross Profit
7
Q
Cost Percentage
A
(BI+P)- EI / Wine Sales
