profit - equations

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Last updated 2:21 PM on 4/9/26
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9 Terms

1
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net profit after tax

= net profit before tax - corporation tax

2
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gross profit

= sales revenue - cost of sales

3
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cost of sales

= opening stock + purchases - closing stock

4
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operating profit

gross profit - fixed overheads (expenses)

5
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net profit before tax

= operating profit - financing costs

6
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variance

= actual figure - budgeted figure

7
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GPM

= (gross profit / revenue) x 100

8
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OPM

= (operating profit / revenue) x 100

9
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NPM

(net profit / revenue) x 100