formulas Flashcards
Labour turnover
Number of leavers/ average number of employees x 100
PED
%change in quantity demanded/ %change in price
YED
%change in quantity demanded/ %change in income
contribution (per unit)
selling price - variable costs per unit
break even
fixed costs/ CPU
gross profit
sales - cost of sales
gross profit margin
gross profit/ revenue x 100
net profit
gross profit - expenses
net profit margin formula
net profit/ revenue x 100
closing balance
net cash flow + opening balance
Value added/addedd value formula
selling price - cots of raw materials
market growth
difference/original x100
Market share (formula)
business sales/market sales x100
Total variable costs formula
variable costs per unit x number of units
Total contribution formula
Total revenue - total variable cots
OR
contribution per unit x number of units
