calculations
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8 Terms
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Gross profit
Revenue-cost of goods
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Net profit
total sales-total costs
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Net profit margin
Net profit/total revenue x100
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Gross profit margin
Gross profit/revenue x100
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Average rate of return
Average annual profit/initial investment x100
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What is the main difference between gross and net profit
Gross is the difference between revenue and the cost of goods sold whereas net profit takes into account all costs including fixed costs
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Break even point
Fixed costs/SP-VC
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Profit margin
Profit/revenue x100
Note 
Flashcards (23)