net Profit Flashcards
1
Q
what is Total revenue/turnover?
A
Selling price x quantity sold
2
Q
what is Cost of Sales?
A
Total variable costs of quantity sold
3
Q
what is Gross Profit?
A
Total Revenue – Cost of Sales
4
Q
what is Gross Profit Margin percentage
A
Gross Profit ÷ Revenue x 100
5
Q
what is Operating/net Profit?
A
Gross Profit – Expenses
6
Q
what is Operating/net Profit Margin percentage?
A
Operating Profit ÷ Revenue x 100
