finance (formulas) GCSE Flashcards
1
Q
revenue
A
quantity sold x selling price
2
Q
break even point
A
fixed costs / (sales price-variable cost per unit)
3
Q
net profit margin
A
(net profit/revenue) x 100
4
Q
profit
A
revenue - total costs
5
Q
margin of safety
A
actual sales - break even point
6
Q
average costs
A
total costs/amount sold
7
Q
gross profit
A
revenue - costs of stock
8
Q
net profit
A
gross profit - expenses
