'Gross profit 70' presentation slideshows

Sales: 1,000 COGS: 200 Gross profit: 70 Expenses: Rent 10 Wages 25 Utilities 5 Net profit: 30

Imagine a shop sells a pair of jeans for 100. The shop buy the jeans for 20 each. They sell 10 pairs of jeans (10 X 100 = 1,000) Cost of Goods Sold ( GOGS ), how much did it cost the shop to sell the jeans. Well they bought them for 20 each, they sold 10 so 10 X 20 = 200

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