Financial document formulas Flashcards
1
Q
Gross profit =
A
Revenue - cost of sales
2
Q
Net profit =
A
Gross profit - total expenses
3
Q
Gross profit margin =
A
Gross profit/ Revenue x 100
4
Q
Net profit margin =
A
Net profit/ Revenue x 100
5
Q
Cost of sales =
A
(opening stock + purchase) - closing stock
