Business Formulas Flashcards
1
Q
Percentage change?
A
(difference or change ÷ original) x100
2
Q
Revenue?
A
sales x price
3
Q
Variable costs?
A
variable cost per unit x number of units
4
Q
Fixed costs per unit
A
fixed costs ÷ total number of units
5
Q
Profit?
A
revenue - costs
6
Q
Total costs?
A
variable costs + fixed costs
7
Q
(Average) unit costs?
A
total cost ÷ output
8
Q
Productivity?
A
total output ÷ number of workers
9
Q
Market share?
A
(sales value or volume of your business ÷ sales value or volume of the whole market) x 100
10
Q
Market growth?
A
(change in sales value or volume ÷ original sales value or volume) x100
11
Q
Market value?
A
number of units x selling price per unit
