A-Level Business Formulas

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16 Terms

1
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Market Size

Total units sold × Price

2
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Market Share

(Sales ÷ Total market sales) × 100

3
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Market Growth

(Change in size of the market ÷ Original size) × 100

4
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Percentage Increase (%inc)

((New - Old) ÷ Old) × 100

5
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Percentage Decrease (%dec)

((Old - New) ÷ Old) × 100

6
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Elasticity

(Percentage change in supply ÷ Percentage change in price)

7
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Price Elasticity of Demand (PED)

(Percentage change in quantity demanded ÷ Percentage change in price)

8
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Income Elasticity of Demand (YED)

(Percentage change in quantity demanded ÷ Percentage change in income)

9
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Gross Profit

Revenue - Cost of Sales

10
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Operating Profit

Gross Profit - Overheads

11
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Net Profit

Operating Profit - Interest - Tax - Exceptional Items

12
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Profit Margin

(Profit ÷ Sales Revenue) × 100

13
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Current Ratio

Current assets/current liabilities

14
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ARR

(Average annual profit/initial investment) x 100

15
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Capital employed

Total equity - non-current liabilities

16
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ROCE

(Operating profit/capital employed) x 100