Maths Flashcards by Jonah Soares

Q

Fixed costs

A

Given in Q

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Q

TVC

A

Variable cost X quanitity

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Q

TC

A

TVC+ FC

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Q

Sales revenue

A

Product price x Quantity

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Q

Gross profit

A

SR-TVC

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Q

Net profit

A

GP-Fc

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Q

Percentage change

A

Final-initial/Initial

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