Business- Key Calculations and Formulas 0.0 / 5 ? BusinessKey Calculations and FormulasASEdexcel Created by: SophieJessica0712Created on: 20-11-17 14:50 How do you work out market share? (Sales/ Total market sales) x100 1 of 17 How do you work out 'price elasticity of demand'? % change in quantity demanded/ % change in price 2 of 17 How do you work out 'income elasticity of demand'? % change in quantity demanded/ % change in income 3 of 17 How do you work out net cash flow? Total inflows- total outflows 4 of 17 How do you work out sales volume? Total number of units sold over a period of time (i.e. add them up) 5 of 17 How do you work out sales revenue? Number of units sold x unit price 6 of 17 How do you work out total variable costs? Number of units sold x variable cost per unit 7 of 17 If I were to add together the fixed costs and the variable costs, what would I be working out? Total Costs 8 of 17 To work out contribution per unit, what do you do? Selling price per unit- variable cost per unit 9 of 17 If I were to multiply the contribution per unit by the number of units sold, what would I have worked out? Total contribution 10 of 17 To work out variance, you take the budget away from what? The actual 11 of 17 How do you work out gross profit? Sales revenue - cost of sales 12 of 17 How do you work out operating profit? Gross profit - overheads 13 of 17 How do you work out net profit? Operating profit +/- finance costs 14 of 17 How do you work out gross profit margin? (Gross profit/ Sales revenue) x100 15 of 17 How do you work out operating profit margin? (Operating profit/ Sales revenue) x100 16 of 17 How do you work out profit for the year margin? (Profit for the year/ Sales revenue) x100 17 of 17
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