Business Formula Flashcards
1
Q
Total Costs
A
Fixed costs + Variable costs
2
Q
Total Revenue
A
Selling price x quantity sold
3
Q
Total Profit
A
Total Revenue – Total Costs
4
Q
Contribution per unit
A
Selling price – variable cost per unit
5
Q
Total Contribution
A
Contribution per unit x quantity sold
6
Q
Total Profit (using contribution method)
A
Total Contribution – Fixed costs
7
Q
% change
A
Difference x 100
Original
8
Q
Breakeven
A
Fixed Costs
Contribution per unit
9
Q
Margin of safety
A
Maximum capacity - breakeven
10
Q
Gross Profit
A
Revenue – costs of sales
11
Q
Operating Profit
A
Gross Profit – Fixed Overheads
12
Q
Net Profit
A
Operating Profit – Interest - Tax
13
Q
Gross Profit Margin
A
Gross Profit x 100
Revenue
14
Q
Operating Profit Margin
A
Operating Profit x 100
Revenue
15
Q
Net profit margin
A
Net profit x 100
Revenue
