Formulae Sheet Flashcards
1
Q
Profit (using revenue)=
A
total revenue - total costs
2
Q
Breakeven output=
A
total fixed costs ÷ sp/unit - VC/unit
3
Q
Contribution/unit=
A
selling price/unit - variable cost/unit
4
Q
Total Revenue=
A
selling price/unit × no. of units
5
Q
Total variable costs=
A
variable costs/unit × no. of units
6
Q
Total costs=
A
fixed costs + total variable costs
7
Q
Total contribution (using contribution) =
A
contribution/unit × no. of units sold
8
Q
Total contribution (using total revenue) =
A
total revenue − total variable costs
9
Q
Profit (using contribution)=
A
contribution/unit - total fixed costs
10
Q
% change in market growth=
A
(change in market size ÷ original market size) × 100
11
Q
% change=
A
(new-old ÷ old) ×100
