Formulas Flashcards
1
Q
Sales revenue =
A
Quantity sold X selling price
2
Q
Total variable cost =
A
Quantity produced X variable cost per unit
3
Q
Average cost =
A
Total cost / number produced
4
Q
Profit =
A
Total revenue - total cost
5
Q
Percentage change =
A
Change / original (X100)
6
Q
Breakeven =
A
Fixed costs / (selling price - variable cost per unit)
7
Q
Price =
A
Margin of safety X contribution
8
Q
Total cost =
A
Total fixed costs + total variable costs
9
Q
Margin of safety =
A
Actual sales - breakeven level of sales
10
Q
profit margins=
A
selling price - the cost of the item
11
Q
total gross profit =
A
sales revenue - cost of sales
12
Q
net profit =
A
gross profit - expenses
13
Q
market share =
A
sales of one business/ total sales in market
