Revenue, cost and profit formulas Flashcards

1
Q

Total revenue

A

Selling price x quantity sold

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

Total costs

A

Fixed costs + variable costs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Profit

A

Total revenue - total costs

How well did you know this?
1
Not at all
2
3
4
5
Perfectly