Paper 2 Formulae - income statement family Flashcards
1
Q
Total revenue/turnover
A
selling price x quantity sold
2
Q
costs of sales
A
Total variable costs of quantity sold
3
Q
Gross profit
A
Total revenue - costs of sales
4
Q
Gross profit margin %
A
Gross profit/revenue x 100
5
Q
Operating/net profit
A
Gross profit - expenses
6
Q
Operating/net profit margin %
A
Operating profit/revenue x 100
