2.3.1 Flashcards
(9 cards)
1
Q
Revenue meaning
A
The total amount of money made from sales of goods
2
Q
cost of sales
A
how much it cost to make the product e.g raw materials
3
Q
Revenue formula
A
quantity x selling price
4
Q
gross profit
A
revenue -the cost of sales
5
Q
operating profit
A
gross profit -other operating expenses
6
Q
net profit
A
operating profit -interest
7
Q
gross profit margin
A
gross profit/revenue x 100
8
Q
operating profit margin
A
operating profit/revenue x 100
9
Q
net profit margin
A
net profit/revenue x 100
