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Flashcards in Maths business formulas Deck (16)
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1

Market Size

- Total of all businesses in the market (the total amount spent by customers buying products or the physical quantity of products that are produced and sold)

2

Market share

sales of a business / total sales in the market
X 100

3

Total revenue

Selling price x quantity sold

4

total cost

fixed cost + variable cost

5

profit

total revenue - total cost

6

break even point

fixed costs / (selling price per unit - variable cost per unit)

7

Contribution

selling price per unit - variable cost per unit

8

Margin of safety

current output level - break even point

9

gross profit

sales revenue - cost of goods sold (cost of sales)

10

gross profit margin

gross profit / sales X 100

11

net profit margin

net profit / sales X 100

12

Labour productivity

output (per period) / number of employees (per period)

13

Labour turnover

number of staff leaving / average number of staff employed X 100

14

Labour absenteeism

total number of staff absence days over a year / total number of working days that should have been worked X 100

15

Added value

price of finished good - cost of purchasing raw materials

16

Capacity utilisation

current output / maximum possible output X 100