equations Flashcards
1
Q
how do you calculate sales revenue?
A
units sold x selling price
2
Q
how do you calculate gross profit?
A
sales revenue - cost of sales
3
Q
how do you calculate operating profit?
A
gross profit - expenses
4
Q
how do you calculate net cash flow?
A
cash inflows - cash outflows
5
Q
how do you calculate closing balance?
A
opening balance + net cash flow
6
Q
how do you calculate percentage change?
A
change/ original x 100
7
Q
how do you calculate price elasticity of demand?
A
percentage change in demand / percentage change in price
