Y12 Formulas Flashcards
Market share
(Sales of a product or business/Total market sales) x 100
Market Growth
Market size(new)-market size(old)/market size old x 100
Price of elasticity of demand
% change in quantity demanded/ % change in price
Income of elasticity of demand
% change in quantity demanded/% change in income
Net cash flow
Total inflows-total outflows
Sales volume
Total number of units sold over a period of time
Sales revenue
Number of units sold x unit price
Total variable costs
Number of units sold x variable cost per unit
Total costs
Fixed costs+ variable costs
Contribution per unit
Selling price per unit-variable cost per unit
Total contribution
Contribution per unit x number of units sold
Break even
Fixed costs/contribution per unit
Margin of safety
Actual sales (or output)-break even output
Variance
Actual-budget
Gross profit
Sales revenue-cost of sales
