Formula Flashcards
1
Q
PED
A
% change in qunatity demanded / % change in price
2
Q
YED
A
% change in quantity demanded / % change in income
3
Q
Percentage Change (%)
A
(new value - original value) / original value x 100
4
Q
Market Share
A
sales / sales of total market x 100
5
Q
Sales Volume
A
sales revenue / price
6
Q
Sales Revenue
A
selling price x quantity sold
7
Q
Total Costs
A
fixed costs + variable costs
8
Q
Contribution
A
selling price - variable costs
9
Q
Break-even
A
fixed costs / contributions
10
Q
Margin of Safety
A
production - break-even
11
Q
Gross Profit
A
sales revenue - cost of sales
12
Q
Gross Profit Margin
A
gross profit / sales revenue x 100
13
Q
Operating Profit
A
gross profit - expenses
14
Q
Operating Profit Margin
A
operating profit / sales revenue x 100
15
Q
Net Profit
A
operating profit - interest
