All together, the raw materials, supplies and labour amounted to £6000 for the year. The sales revenue for the business was £14000. What is the gross profit?
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Card 19
Front
What is the alternative equation for 'cost of sales for all'
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Card 20
Front
What is operating profit?
Back
Card 21
Front
What is the calculation for operating profit?
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Card 22
Front
Why is operating profit often looked more at rather than gross profit?
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Card 23
Front
What is net profit?
Back
Card 24
Front
What is the calculation for net profit?
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Card 25
Front
What should always be at the top on a profit and loss account?
