profit Flashcards
1
Q
percentage (%) change
A
(new value - original value) / original value x 100
2
Q
total revenue
A
selling price x number sold
3
Q
total fixed cost
A
all fixed added together
4
Q
total variable cost
A
variable cost per unit x number sold
5
Q
total cost
A
total fixed cost + total variable cost
6
Q
profit
A
total revenue - total costs
7
Q
unit costs
A
total cost / output
