1
Q
Revenue
A
Sale price x quantity sold
2
Q
Profit
A
Revenue - total costs
3
Q
Total costs
A
Fixed costs + variable costs
4
Q
Average costs
A
Total costs/units sold
5
Q
Gross profit
A
Revenue - cost of goods
6
Q
Net profit
A
Gross profit - expenses
7
Q
Gross profit margin
A
(Gross profit/revenue) x 100
8
Q
Net profit margin
A
(Net profit/revenue) x 100
9
Q
Break-even point
A
Fixed costs/(selling price-variable unit cost)
10
Q
Margin of safety
A
Actual sales - break-even sales
11
Q
Closing balance
A
Net cash flow + opening balance
12
Q
Opening balance
A
Closing balance of year before
13
Q
Net cash flow
A
Total revenue-total expenses
14
Q
Market share formula
A
(Sales of business/total sales in market) x 100
Business GCSE
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