WORKING OUT FORMULAS

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Business Revenue
Revenue= Volume of goods sold X average selling price.
1 of 5
Total costs
Fixed costs + Variable costs= Total costs
2 of 5
Profit
Total revenue - Total costs= Profit
3 of 5
The break even point
Fixed costs / (selling price per unit - variable costs per unit)
4 of 5
HN
KM
5 of 5

Other cards in this set

Card 2

Front

Total costs

Back

Fixed costs + Variable costs= Total costs

Card 3

Front

Profit

Back

Preview of the front of card 3

Card 4

Front

The break even point

Back

Preview of the front of card 4

Card 5

Front

HN

Back

Preview of the front of card 5

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