Profit Family Flashcards

1
Q

Total Revenue

A

Selling Price x Number Sold

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2
Q

Total Fixed Costs

A

All fixed costs added together

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3
Q

Total Variable Costs

A

Variable cost per unit x Number sold

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4
Q

Total Costs

A

Total Fixed Cost + Total Variable Cost

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5
Q

Profit

A

Total Revenue – Total Cost

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