AQA Formulae Flashcards
1
Q
Profit
A
Revenue - costs
2
Q
Revenue
A
Price X Quantity
3
Q
Total costs
A
Fixed costs + variable costs
4
Q
Total variable costs
A
Variable costs per unit X output
5
Q
Average unit costs
A
Total costs / output
6
Q
Market share (%)
A
Business sales / Market sales X 100
7
Q
Market Growth (%)
A
Change in sales / original sales X 100
8
Q
Break-even output
A
Total revenue & total costs intersect in a graph
9
Q
Margin of safety
A
Actual sales - break-even output
10
Q
Net cash flow
A
Cash inflows - cash outflow
11
Q
Closing balance
A
Opening balance + net cash flow
12
Q
Gross profit margin
A
Gross profit / revenue X 100
13
Q
Net profit margin
A
Net profit / revenue X 100
14
Q
Percentage change
A
New % - old % / old % X 100
15
Q
Change in %
A
New % - old %
