Formulas

Question 1

What is the formula for Profit??

Answer 1

Sales Revenue- Total Cost

Question 2

What is the formula for Revenue??

Answer 2

No. Of goods x Selling price of goods

Question 3

What is the formula for Fixed Cost??

Answer 3

Total revenue - Total variable cost - profit

                 TR - TVC - P

Question 4

What is the formula for Total revenue??

Answer 4

Fixed Cost - Total Variable Cost - Profit

              FC  + TVC  + P

Question 5

Formula for Total Variable Cost??

Answer 5

Total Revenue — Fixed Cost —Profit

                                   Or

No. of units produced x Variable cost per unit

Question 6

What is the Formula for Profit??

Answer 6

Total Revenue - Total Variable Cost - Fixed Cost

                TR  -  TVC  -  FC

Question 7

Formula for Return on Investment??

Answer 7

Profit - Investment Cost

Question 8

Formula for Gross Profit??

Answer 8

Revenue — Cost of Goods Sold

Question 9

Formula for operating profit??

Answer 9

Gross Profit - Expenses

Question 10

Formula for the Profit of The Year??

Answer 10

Operating profit — Interest and Taxation

Question 11

What the formula for market growth??

Answer 11

(Change in size of market ÷ original size of market) ×100

Question 12

Formula for market share??

Answer 12

(Business A sales ÷ market sales) ×100

Question 13

What is market size??

Answer 13

the number of businesses in a given market

Question 14

Formula for PED??

Answer 14

% change in quantity demanded ÷
% change in price

Question 15

Formula for YED

Answer 15

% change in quantity demand ÷
% change in income

Question 16

Formula for Total Contribution??

Answer 16

Selling price per unit — Variable cost per unit

Question 17

Formula for market growth??

Answer 17

( Current market size — original market size )
————————————————————— x100
Original market size

Question 18

Formula for retention rate (%)

Answer 18

No. of remaining original employees
————————————————— x 100
No. of employees at the start

Question 19

Formula for labour turnover??

Answer 19

No. Of staff who left
—————————— x 100
Average no. Of stafff