Formulas

Question 1

What is the formula for Revenue?

Answer 1

Selling price per unit x number of units sold

Question 2

What is the formula for Variable costs?

Answer 2

Variable cost per unit x number of units sold

Question 3

What is the formula for Total costs?

Answer 3

Fixed cost + variable cost

Question 4

What is the formula for Profit

Answer 4

Total revenue - total costs

Question 5

What is the formula for Profit?

Answer 5

Total revenue - total costs

Question 6

What is the formula for Market Growth?

Answer 6

(Change in the size of a market over a period of time)
———————————————— x 100
Original size of the market

Question 7

What is the formula for Market Share?

Answer 7

(Total sales of business)
—————————————— x 100
(Total sales of industry)

Question 8

What is the formula for Added value?

Answer 8

Sales revenue - costs of brought in goods and services

Question 9

What is the formula for Gross Profit?

Answer 9

Revenue - cost of sales

Question 10

What is the formula for Gross profit margin?

Answer 10

(Gross profit)
—————————— x 100
(Sales revenue)

Question 11

What is the formula for Breakeven point?

Answer 11

Fixed costs
———————————————— x 100
(Unit selling price - unit variable cost)