GCSE Calculations ALL I NEED TO KNOW YR10 ONLY Flashcards
1
Q
how do you calculate the Revenue?
A
Price X Quantity
2
Q
How do you calculate the total cost
A
Fixed Price + Variable Cost
3
Q
How do you calculate the Profit
A
Revenue - Total Cost
4
Q
How do you calculate the Total Variable cost
A
Total variable cost per unit X Number of unit sold
5
Q
How do you calculate the Average yearly profit
A
Total profit ÷ No of years