Theme 2 Section 8 Managing Finance Flashcards
1
Q
Calculation for gross profit
A
Gross profit=total revenue-cost of sales
2
Q
Calculation for Operating profit
A
Gross profit-other operating expenses
3
Q
Calculation for net profit
A
Operating profit-interest
4
Q
Percentage change in profit calculation
A
Current year-previous year/previous year x 100
5
Q
Gross profit calculation
A
Gross profit/revenue
6
Q
Operating profit margin
A
Operating profit/revenue x100
7
Q
Net profit margin
A
Net profit/revenue x100
