Business Formulae Paper 2 Flashcards

1
Q

% Change

A

(new value – original value) / original value x 100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Unit Costs

A

Total Cost ÷ Output

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Interest %

A

(total repayment - borrowed amount)/borrowed amount x 100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Total revenue/turnover

A

Selling price x quantity sold

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Cost of Sales

A

Total variable costs of quantity sold

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Gross Profit

A

Total Revenue – Cost of Sales

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Gross Profit Margin %

A

Gross Profit ÷ Revenue x 100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Operating/net Profit

A

Gross Profit – Expenses

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Operating/net Profit Margin %

A

Operating Profit ÷ Revenue x 100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Average rate of return (ARR)

A

Profit per annum ÷ Capital Outlay (cost) X 100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Average rate of return (ARR)

A

average profit per year ÷ initial investment X 100

How well did you know this?
1
Not at all
2
3
4
5
Perfectly