Finance Business 0.0 / 5 ? Business StudiesFinanceGCSEWJEC Created by: Jordan OCreated on: 09-03-18 06:12 What is a turnover? It is a numerical value reprsenting total sales 1 of 6 What is cost of sales? It is the direct costs of the direct material incuured in the making of the product 2 of 6 Whar is gross profit? It is the profit made after deducting the costs with making and selling 3 of 6 What is net profit? It is the profit made after operating expenses, e.g.taxes 4 of 6 What is gross profit margin? It is the final calculation that show's a company's financial health 5 of 6 What is net profit margin? It is the formula used to calculate the percentage profit produce from the total revenue 6 of 6
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