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Calculates the Cost of Goods Sold Based on Gross Margin for Grocery Stores

Cost_of_Goods_Sold.Rd

This function calculates the estimated cost of goods sold based on the selected gross margin percentage for a hypothetical grocery store in a user-selected location.

Usage

Cost_of_Goods_Sold(Total_Estimated_Revenue, Gross_Margin_Percentage = 0.2446)

Arguments

Total_Estimated_Revenue

Total estimated revenue based on market size/location.

Gross_Margin_Percentage

Percentage of total estimated revenue expected as gross margin selected via user input (defaults to the average percentage taken from Bizminer and Vertical IQ).

Value

The output returns the estimated dollar amount for the cost of goods sold for a hypothetical grocery store in a given location.

Details

This function calls the "Gross_Margin()" function from the DSPG package in its body. This function is based upon calculations originally formulated by FFED ISU Extension and Outreach.

Author

Aaron Null