Business Calculations Flashcards
(12 cards)
How do you calculate total costs ?
Total fixed costs + total variable costs
How do you calculate total fixed costs ?
Total costs - total variable costs
Total variable costs =
Total costs - total fixed costs
How do you calculate revenue ?
Selling price per unit x quantity sold
How do you calculate average unit costs ?
Total costs divided by output
How do you calculate average rate of return ?
Average annual profit x 100 / cost of investement
How do you calculate gross profit ?
Sales revenue - cost of sales
How do you calculate gross profit margin ?
Gross profit / sales revenue x 100
How do you calculate gross profit margin ?
Gross profit / sales revenue x 100
How do you calculate net profit ?
Gross profit - overheads, tax interest
How do you calculate net profit margin ?
Net profit / sales revenue x 100
