Formulas Flashcards
Gross profit margin
(gross profit / revenue) x 100
Net profit margin
net profit / revenue
percentage change
((new value - old value) / old value) x 100
percentage decrease
change in price / original price x 100
index for year x
price value for year x / price value for base year x 100
total costs
fixed costs + variable costs
average revenue
revenue / units sold
contribution
selling price - variable costs per unit
profit
total revenue - total costs
marginal revenue
change in total revenue / change in output sold
real value year x
nominal value year X / cpi year X x 100
income elasticity of demand
% change in quantity demanded / % change in income
balance of trade in goods
exports of goods - imports of goods
GDP per capita
total GDP / population
labour productivity
output / number of employees
