Functions Flashcards
1
Q
Gross profit
A
Sales revenue - cost of sales
2
Q
GPM
A
Gross profit / sales revenue x 100
3
Q
Net profit
A
Operating profit - interest and taxation
4
Q
Variance analysis
A
Actual - budget
5
Q
Sales revenue
A
Quantity sold x selling price
6
Q
Sales revenue
A
Quantity sold x selling price
7
Q
Cost of sales
A
Selling price / total value of sales x 100
8
Q
NPM
A
Net profit / revenue x100
