Aice Business Formulas

Market Share Formula

Total Company Sales / Total Market Sales X 100

Market Capitalization Formula

Stock Price X Shares Outstanding

Labor Turnover Formula

Number of employees leaving / Average number employed X 100

Price Elasticity of Demand Formula

% change in quantity demanded / % change in price

Pricing Strategies Formula

Cost + Markup % = Price

Profit Formula

Total Revenue - Total Cost

Contribution Formula

Selling price - variable cost per unit

Mean Formula

To find the mean of a set of observations, add their values and divide by the number of observations.

Mode Formula

To find the mode, or modal value, it is best to put the numbers in order. Then count how many of each number. A number that appears most often is the mode.

Median Formula

To find the median, first order the numbers from smallest to largest. Then find the middle number.