Calculations Flashcards
(8 cards)
1
Q
Revenue
A
Quantity sold X selling price
2
Q
Variable costs
A
VC P/U X QUANTITY SOLD
3
Q
Total costs
A
Fixed costs + total variable costs
4
Q
Gross profit
A
Revenue - cost of sales
5
Q
Net profit
A
Gross profit - the cost of running the business
6
Q
Gross profit margin
A
Gross profit / revenue X 100
7
Q
Net profit margin
A
Net profit / revenue x 100
8
Q
Break even
A
Fixed costs / contribution
