Equations Flashcards
1
Q
Cost of sales
A
(Opening stock + purchases) - closing stock
2
Q
Profit margin
A
(Profit/sales) x 100
3
Q
Gross profit
A
Revenue- cost of sales
4
Q
Operating profit
A
Gross profit- Operating costs or overhead
5
Q
Net profit
A
Operating profit- tax/interest/dividends
