profit family Flashcards by Xander GILLINGHAM | Brainscape

Q

what is the formula for total revenue?

A

Selling Price x Number Sold

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Q

what is the formula for total fixed cost?

A

All fixed costs added together

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Q

what is the formula for total variable cost?

A

Variable cost per unit x Number sold

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Q

what is the formula for total cost?

A

Total Fixed Cost + Total Variable Cost

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Q

what is the formula for profit?

A

Total Revenue – Total Cost

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Q

what is the formula for unit cost?

A

Total Cost ÷ Output

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