Business Formulas 0.0 / 5 ? Business StudiesFinanceGCSENone Created by: 14RPrakashCreated on: 12-01-18 18:53 Total Costs Total Costs = Fixed Costs + Variable Costs 1 of 10 Start-Up Cost The amount of money spent setting up a business before it starts trading. 2 of 10 Running Cost or Operating Cost Money spent on a regular basis to keep a business running or operating. 3 of 10 Fixed Cost or Indirect Cost Expenditure on items which doesn't change with the number of items sold or produced. 4 of 10 Variable Cost or Direct Cost Costs which vary according to the number of items sold or produced. 5 of 10 Expenditure An amount of money spent. 6 of 10 Revenue Number of Sales X Price Per Unit 7 of 10 Profit Revenue - Expenditure 8 of 10 Gross Profit Revenue - Cost of Sales 9 of 10 Net Profit Gross Profit - Expenditure 10 of 10
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