GCSE Business- formulas

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10 Terms

1
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total cost formula

fixed cost + variable cost

2
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revenue formula

price x quantity sold

3
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gross profit formula

revenue-cost

4
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net profit formula

Gross Profit - Expenses

5
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interest (%) formula

((total repayment-borrowed amount)/borrowed amount) x100

6
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break even formula

fixed costs/(selling price-variable costs)

7
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margin of safety formula

actual sales - break-even sales

8
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closing balance formula

Opening balance + net cash flow

9
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Average Rate of Return (%) (ARR) formula

(Average annual profit / cost of investment) x 100

10
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Percentage change (%) formula

(Change / original) x 100