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Business:Rev,Cost,Pr

T5

QuestionAnswer
Revenue Revenue= Quantity sold x Selling price
Variable Costs Quantity sold x Variable cost per unit
Total Costs Fixed costs + Variable costs
Gross Profit Revenue - Cost of sales
Net Profit Gross Profit - expenses
Gross Profit Margin Gross Profit / Revenue x 100
Net Profit Margin Net Profit / Revenue x 100
Profit Revenue - Costs
Revenue: Def Money from sales
Average Rate Of Return A method of measuring and comparing the profitability of an investment over its life
Loss Occurs in a business when costs are greater than revenue
Expenses The costs of operating the business
Profitability Ratios Calculations which help to interpret financial financial data
Created by: lil.dripz
Popular Business sets

 

 



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