Finance formulae

Finance formulae

1. Total costs

   • Total costs = fixed costs + variable costs

2. Revenue

   • Revenue= number of sales X price per unit

3. profit

   • Profit= revenue - expenditure

4. Gross profit

   • Gross profit= Revenue - costs of sales

5. Net profit

   • net profit= gross profit - expenditure

6. Breakeven

   • Breakeven= fixed costs/ selling price - variable costs