calcualtions Flashcards
(7 cards)
1
Q
how do you calculate revenue
A
selling price x quantity sold
2
Q
how to calculate costs
A
sum of fixed costs + sum of variable costs
3
Q
how to calculate profit
A
total revenue - total expenses OR profit/costs x100
4
Q
gross profit margin
A
(gross profit / sales revenue) x100
5
Q
net profit margin
A
(net profit / sales revenue) x100
6
Q
how to calculate margin of safety
A
actual sales - break even sales
7
Q
how calculate break even
A
fixed costs / (selling price - variable costs)
