Finance - Formulae Flashcards by Nana Dwomoh

Q

What are total costs?
What is contribution?
Formula for Break Even point?

A

Fixed costs + variable costs
Selling price - variable costs
Fixed costs / contribution

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Q

How do you calculate the following?:

profit/loss
selling price
sales revenue

A

Sales revenue - total costs
Output / sales revenue
Selling price x Units sold

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