finance revision notes (formulas) 0.0 / 5 ? Businesspersonal financeBTEC NationalEdexcel Created by: kingjoseph001Created on: 11-01-18 23:31 profit surplus achieved when total revenue (income) from sales is higher than the total costs of a business 1 of 5 loss shortfall suffered when total revenue from sales is lower than the total costs of a business 2 of 5 Gross profit sales revenue - Total costs of goods soled- (cost of actual materials 3 of 5 Sales revenue Quantity soled X selling price 4 of 5 Net profit gross profit - other expenses, e.g rent/advertisement 5 of 5
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