Equations Flashcards
1
Q
Topic 1 What is business?
A
Total costs = Fixed costs + Variable costs
Total revenue = Selling price x quantity sold
Profit = Total revenue - total costs
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Topic 1 What is business?
Total costs = Fixed costs + Variable costs
Total revenue = Selling price x quantity sold
Profit = Total revenue - total costs
Key Links
Subjects
Company
Find Us
