# Formulas Page 1

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Formula for Total Costs
Total Cost = fixed costs + variable costs
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Formula for Revenue
Revenue = quantity sold x selling price
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Formula for Profit
Profit = total revenue - total costs
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Formula for Gross Profit
Gross Profit = revenue - variable costs
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Formula for Net Profit
Net Profit = revenue - fixed and variable costs
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Formula for Percentage Change in Profit
Percentage Change in Profit = current year's profit - previous year's profit / previous year's profit x 100
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Formula for Contribution per Unit
Contribution per Unit = selling price per unit - variable costs per unit
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Formula for Total Contribution
Total Contribution = contribution per unit x number of units produced or sold
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Formula for Break-even Outpu
Break-even Output = fixed costs / contribution per unit
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Formula for Margin of Safety
Margin of Safety = output produced - break-even output
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## Other cards in this set

### Card 2

#### Front

Formula for Revenue

#### Back

Revenue = quantity sold x selling price

### Card 3

#### Front

Formula for Profit

### Card 4

#### Front

Formula for Gross Profit

### Card 5

#### Front

Formula for Net Profit