Edexcel a level business formulas.
% mark up - ANSWER-(Difference in price/original cost) X 100
Price elasticity of demand (PED) - ANSWER-% change in quantity demanded / %
change in price
Income elasticity of demand (YED) - ANSWER-% change in quantity demanded/%
change in income
net cash flow - ANSWER-cash inflows - cash outflows
opening balance - ANSWER-cash balance at the start of the month
closing balance - ANSWER-opening balance + net cash flow
cumulative flow - ANSWER-sum of all closing balances
sales revenue - ANSWER-selling price X quantity sold
total variable costs - ANSWER-variable cost per unit X quantity sold
total costs - ANSWER-fixed costs + variable costs
profit - ANSWER-total revenue - total costs
break even output - ANSWER-fixed costs/contribution per unit
contribution per unit - ANSWER-selling price per item - variable cost per item
total contribution - ANSWER-contribution per unit X quantity sold
margin of safety - ANSWER-actual output - break even ouput
profit - ANSWER-contribution - fixed costs
budget variance - ANSWER-budget amount - actual amount
gross profit - ANSWER-sales revenue - cost of sales
gross profit margin - ANSWER-(gross profit/revenue) X 100
operating profit - ANSWER-gross profit - total costs
operating profit margin - ANSWER-(operating profit/revenue) X 100
% mark up - ANSWER-(Difference in price/original cost) X 100
Price elasticity of demand (PED) - ANSWER-% change in quantity demanded / %
change in price
Income elasticity of demand (YED) - ANSWER-% change in quantity demanded/%
change in income
net cash flow - ANSWER-cash inflows - cash outflows
opening balance - ANSWER-cash balance at the start of the month
closing balance - ANSWER-opening balance + net cash flow
cumulative flow - ANSWER-sum of all closing balances
sales revenue - ANSWER-selling price X quantity sold
total variable costs - ANSWER-variable cost per unit X quantity sold
total costs - ANSWER-fixed costs + variable costs
profit - ANSWER-total revenue - total costs
break even output - ANSWER-fixed costs/contribution per unit
contribution per unit - ANSWER-selling price per item - variable cost per item
total contribution - ANSWER-contribution per unit X quantity sold
margin of safety - ANSWER-actual output - break even ouput
profit - ANSWER-contribution - fixed costs
budget variance - ANSWER-budget amount - actual amount
gross profit - ANSWER-sales revenue - cost of sales
gross profit margin - ANSWER-(gross profit/revenue) X 100
operating profit - ANSWER-gross profit - total costs
operating profit margin - ANSWER-(operating profit/revenue) X 100
