Formulae to learn 1 Flashcards
1
Q
% change
A
(new value - original value) / original value x 100
2
Q
Market share
A
Sales of a business / total sales in market x 100
3
Q
Total revenue
A
Selling price x number sold
4
Q
Total fixed cost
A
All fixed costs added together
5
Q
Total variable cost
A
Variable cost per unit x number sold
6
Q
Total cost
A
Total fixed cost / total variable cost
7
Q
Profit
A
Total revenue - total cost
8
Q
Unit costs
A
Total costs / output
9
Q
Contribution per unit
A
Selling price - variable cost per unit
10
Q
Break even point
A
Fixed cost / contribution per unit
11
Q
Margin of safety
A
Actual output - break even output
12
Q
Total contribution
A
Total revenue - total variable costs
13
Q
Total revenue / turnover
A
Selling price x quantity sold
14
Q
Cost of sales
A
Total variable costs of quantity sold
15
Q
Gross profit
A
Total revenue - cost of sales
