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GCSE Business Studies > Formula For Gcses > Flashcards

Formula For Gcses Flashcards

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1
Q

What is the equation for percentage change?

A

Change/original x 100

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2
Q

What is the equation for revenue?

A

Sales x price

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3
Q

What is the equation for total cost?

A

Variable costs+fixed costs

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4
Q

What is the equation for average unit costs?

A

Total cost/output

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5
Q

What is the equation for profit?

A

Revenue - costs

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6
Q

What is the equation for market share?

A

Sales value of your business/sales value of the whole market x100

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7
Q

What is the equation for Average rate of return (ARR)

A

Average anual profit/initial investment x100

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8
Q

What is the equation for break even output?

A

Total cost=total revenue

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9
Q

What is the equation for net cash flow?

A

Total cash inflows-total cash outflows

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10
Q

What is the equation for closing balance cash flow?

A

Opening balance + net cash flow

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11
Q

What is the equation for opening balance cash flow

A

Closing balance of the previous month

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12
Q

What is the equation for gross profit?

A

Revenue - cost of sales

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13
Q

What is the equation for operating profit?

A

Gross profit- overheads or expenses

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14
Q

What is the equation for net profit

A

Operating profit - tax - finance costs

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15
Q

What is the equation for gross profit margin

A

Gross profit/sales revenue x100

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16
Q

What is the equation for net profit margin

A

Net profit/revenue x100

17
Q

What is the equation for net current assets

A

Current assets - current liabilities

18
Q

Net assets

A

Everything you own- everything you owe

GCSE Business Studies (4 decks)

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