Equations Flashcards
(12 cards)
1
Q
Total revenue
A
Price x Quantity
2
Q
variable costs
A
Variable costs per unit x quantity
3
Q
Variable costs (per unit)
A
Total variable costs/quantity
4
Q
Total fixed costs
A
Sum of all the fixed costs
5
Q
Average fixed costs
A
Total Fixed costs/quantity
6
Q
Total costs
A
Total variable costs+total fixed costs
7
Q
Profit/loss
A
Total revenue – total costs
8
Q
Gross profit
A
Total revenue – cost of sales
9
Q
Gross profit margin
A
Gross profit/Total revenue x 100
10
Q
Net profit
A
Total revenue – cost of sales - expenses
11
Q
Net profit margin
A
Net profit/Total revenue x 100
12
Q
A
