Edexcel Business equations 3.5 / 5 based on 2 ratings ? BusinessEquationsA2/A-levelEdexcel Created by: Fr3ya535Created on: 22-05-18 20:06 Capacity Utilisation Actual level of output / maximum possible output 1 of 13 Gross profit Revenue - cost of sales 2 of 13 Operating profit Revenue - cost of sales - other operating expenses 3 of 13 Net profit Revenue - cost of sales - other operating expenses - inventory 4 of 13 Gross profit margin Gross profit / revenue X 100 5 of 13 Operating profit margin Operating profit / revenue X 100 6 of 13 Net profit margin Net profit / revenue X 100 7 of 13 Current ratio Current assets / current liabilities 8 of 13 Acid test ratio Current assets - inventory / current liabilities 9 of 13 Income elasticity of demand % change in demand / % change in income 10 of 13 Price elasticity of demand % change in demand / % change in price 11 of 13 Percentage change in demand Difference / original number X 100 12 of 13 Percentage change in demand Difference / original number X 100 13 of 13
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