Business Finance equasions
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14 Terms
Total sales revenue
Price x quantity
(Total) variable costs
Variable costs per unit x quantity
Variable costs (per unit)
Total variable costs / quantity
Average fixed costs
Total Fixed costs / quantity
Total costs
Total variable costs + total fixed costs
Profit/loss
Total revenue – total costs
Gross profit
Total revenue – cost of sales
Gross profit margin
(Gross profit / Total revenue) x 100 (percentage)
Net profit
Total revenue – cost of sales - expenses
OR
Gross profit - expenses
Net profit margin
(Net profit / Total revenue) x 100 (percentage)
Total profit from the investment
Total income received from an investment over a given period of time – cost of the investment
Average profit from the investment
Total profit from the investment / Number of years
Average rate of return
(Average profit from the investment / Cost of the investment) x 100 (percentage)
Break-even quantity
Fixed costs / (Selling price – variable cost per unit)