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Business Finance - GCSE > Formula's > Flashcards

Flashcards in Formula's Deck (9):
1

Total costs

Total costs = fixed costs + variable costs

2

Average costs

Average costs = total costs/ amount sold

3

Sales revenue

Sales revenue = quantity sold x selling price

4

Break-even output

Break-even output = total fixed costs/(selling price-variable costs)

5

Margin of safety

Margin of safety = actual sales - break even sales

6

Gross profit

Gross profit = revenue - cost of buying goods

7

Net profit

Net profit = gross profit - expenses

8

Gross profit margin

(Gross profit/revenue)x100

9

Net profit margin

(Net profit/revenue)x100