Formulas Page 1 4.0 / 5 based on 1 rating ? Business StudiesFormulas Page 1ASAQA Created by: ScarlettwyvernCreated on: 29-11-14 12:07 Formula for Total Costs Total Cost = fixed costs + variable costs 1 of 10 Formula for Revenue Revenue = quantity sold x selling price 2 of 10 Formula for Profit Profit = total revenue - total costs 3 of 10 Formula for Gross Profit Gross Profit = revenue - variable costs 4 of 10 Formula for Net Profit Net Profit = revenue - fixed and variable costs 5 of 10 Formula for Percentage Change in Profit Percentage Change in Profit = current year's profit - previous year's profit / previous year's profit x 100 6 of 10 Formula for Contribution per Unit Contribution per Unit = selling price per unit - variable costs per unit 7 of 10 Formula for Total Contribution Total Contribution = contribution per unit x number of units produced or sold 8 of 10 Formula for Break-even Outpu Break-even Output = fixed costs / contribution per unit 9 of 10 Formula for Margin of Safety Margin of Safety = output produced - break-even output 10 of 10
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