Business studies - Finance
- Created by: Daniella
- Created on: 14-12-12 11:40
Other questions in this quiz
2. How do you work out total cost?
- total cost = fixed cost + variable cost
- total cost = revenue / price
- total cost = variable cost - revenue
3. How do you work out profit?
- profit = fixed cost /revenue
- profit= revenue - total cost
- profit = total cost x revenue
4. How do you work out market growth?
- (new market size - old market size) / old market size x 100
- new market size x old market size x 100
- (old market size / new market size) /old market size x 100
5. Work out revenue from this information: quantity sold: 700, total cost: £40000, price £13
- £687
- £9100
- £28,000,000
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