MKTG FINAL formula
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| sales | price x quantity
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| price | (benefits - cost) / $
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| value | benefit - cost or benefit/price
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| profit | revenue - costs
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| total costs | fixed costs + variable costs
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| cost plus pricing | selling price / (1 - % markup)
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| Gross Margin | selling price - cost of good sold (CGS)
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| markup | Price x (1 + Decimal Markup)
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| margin as a percentage of cost | cost/ (markup x 100)
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| margin as a percentage of selling price | markup / selling price
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| markup 2 | (Selling Price – Purchase Price)/ Purchase Price
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| margin | (Selling Price – Purchase Price)/ Selling Price
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| contribution per unit | Selling Price – Variable Cost
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| profit margin | product contribution per unit / selling price
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| break even volume | Fixed Cost / (Price – Variable Cost)
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| profit | (merchandise sold x margin) - expenses
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Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
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If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
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Created by:
asculpepper
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