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What is COGS
COGS or Cost of Goods Sold is a financial measure of the standard or actual costs of goods, products, or services that are sold. There are several Key Performance Indicators or measures related to COGS:
1) Gross Margin = Revenue - COGS
2) Gross Margin % = 1 - COGS/Revenue * 100%
3) Net Income = Revenue - COGS - Expenses
