Formulars

Question 1

What is the formular for total costs?

Answer 1

Fixed Costs +Variable Costs =TC

Question 2

Formular for Total Variable Costs (TVC)

Answer 2

(Q) Quantity x (VC) Variable costs per unit

Question 3

Formular for Sales Revenue (SR)

Answer 3

(Q) Quantity x (SP) Selling price

Question 4

Formular for Profit or loss (P/L)

Answer 4

P/L= Sales Reveneue - Total Costs

Question 5

Formular for Gross profit (GP)

Answer 5

(GP)= Sales Reveneue - Costs of goods (COGS)

Question 6

Formular of Net profit

Answer 6

(NP) = Gross profit - Expences