Financial Calculations

?
Gross Profit
Selling Price - Cost Price
1 of 26
Gross Profit Percentage
Gross Profit / Cost Price x100
2 of 26
Multipliers
The Multiplier is the amount added to find the answer. Example: £80 is 100% so what would 120% be? 80 x 120/100 = £96 = 80 x 1.20
3 of 26
Ratios and Proportion
http://getrevising.co.uk/resources/ratio_and_proportion
4 of 26
Percentage Change
New Amount - Old Amount / Old Amount x 100
5 of 26
Percentage Change
Sale Price - Cost price / Cost price x 100
6 of 26
AER - Annual Equivalent Rate
Interest on savings / Amount invested x 100
7 of 26
Total Amount payable
The original loan plus the interest paid
8 of 26
Interest
Interest = Total Payment - Original
9 of 26
Mortgage Calculations
How much you borrow depends on your pre-tax income
10 of 26
One Person Mortgage
The usual rule is 3.25 x annual income
11 of 26
Two People Mortgage
The greater of these options: 3.25 x higher annual income + 1 x lower annual income OR 2.5 x combined annual income
12 of 26
Loan to Value
Percentage of loan that you would be given - the rest would have to be made up as a deposit
13 of 26
Salary Calculations
Income tax based on 2013/2014 paper
14 of 26
Basic Rate
20% Basic rate on the first £32245 of taxable income
15 of 26
Higher Rate
40% Higher rate tax on taxable income between £32245 and £150,000
16 of 26
Additional Rate
45% additional rate on incomes over £150,000
17 of 26
Personal tax allowance
Standard personal tax allowance before paying tax is £9440
18 of 26
Simple Interest
Interest is calculated on the original investment
19 of 26
Compound Interest
At the end of the period, interest is added on the new amount which includes all previous interest recieved
20 of 26
National Insurance
http://getrevising.co.uk/resources/national_insurance
21 of 26
Compound Interest Formulae
A = P (1+P)n
22 of 26
Compound Interest Formulae
R = n(square root) A/P - 1
23 of 26
Compound Interest
A = Amount accruing after n years
24 of 26
Compound Interest
P = principal / amount invested
25 of 26
Compound Interest
R = Annual Rate % (change to a decimal)
26 of 26

Other cards in this set

Card 2

Front

Gross Profit / Cost Price x100

Back

Gross Profit Percentage

Card 3

Front

The Multiplier is the amount added to find the answer. Example: £80 is 100% so what would 120% be? 80 x 120/100 = £96 = 80 x 1.20

Back

Preview of the back of card 3

Card 4

Front

http://getrevising.co.uk/resources/ratio_and_proportion

Back

Preview of the back of card 4

Card 5

Front

New Amount - Old Amount / Old Amount x 100

Back

Preview of the back of card 5
View more cards

Comments

No comments have yet been made

Similar Other resources:

See all Other resources »See all Calculations resources »