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BTEC Level 3 Business: Unit 3 - Personal & Business Finance ALL formulas! QUESTIONS with Verified 100% Correct Answers| Latest 2024/2025 update

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BTEC Level 3 Business: Unit 3 - Personal & Business Finance ALL formulas! QUESTIONS with Verified 100% Correct Answers| Latest 2024/2025 update

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  • btec level 3 business unit 3 personal busines

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BTEC Level 3 Business: Unit 3 - Personal & Business
Finance ALL formulas! QUESTIONS with Verified
100% Correct Answers| Latest 2024/2025 update

Revenue - ✔✔Unit Price X Quantity Sold



Gross Profit - ✔✔Sales Revenue - Cost of Goods Sold



Cost of Goods Sold - ✔✔Opening Inventory + Purchases - Closing Inventory



Profit/Loss of the Year - ✔✔Gross Profit - Expenses + Other Income



Net Book Value - ✔✔Cost - Depreciation



Net Current Assets - ✔✔Current Assets - Current Liabilities



Net Assets - ✔✔Non-Current Assets + Net Current Assets - Long Term Liabilities



Capital Employed - ✔✔Opening Capital + Profit of the Year less drawings



Balance Sheet - ✔✔Net Assets = Capital Employed



Gross Profit Margin - ✔✔Gross Profit / Revenue x 100
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