unit 3 equations Flashcards
1
Q
what is the formula for gross profit?
A
Revenue or turnover - cost of sales
2
Q
what is the formula for gross profit margin?
A
gross profit / revenue x 100
3
Q
how do you calculate net profit?
A
gross profit - operating expenses
4
Q
how do you calculate net profit margin?
A
net profit / revenue x 100
5
Q
how do you calculate break even?
A
fixed costs / contribution per unit
6
Q
how do you calculate revenue?
A
sales - cost of sales
7
Q
how do you calculate contribution per unit?
A
selling price - variable cost
8
Q
how do you calculate breakeven output?
A
fixed cost / cost per unit - variable cost
9
Q
how do you calculate the break even margin of safety?
A
current sales - break even point / current sales
