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A Level Formulas

Quiz by Helen Carson

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23 questions
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  • Q1
    (sales of a product or business / total market sales) * 100
    Market share
    30s
  • Q2
    % change in quantity demanded / % change in price
    Price elasticity of demand
    30s
  • Q3
    % change in quantity demanded / % change in income
    Income elasticity of demand
    30s
  • Q4
    total inflows - total outflows
    Net cash flow
    30s
  • Q5
    units sold / time
    Sales volume
    30s
  • Q6
    units sold * unit price
    Sales revenue
    30s
  • Q7
    units sold * variable cost per unit
    Total variable costs
    30s
  • Q8
    fixed costs + variable costs
    Total costs
    30s
  • Q9
    selling price per unit - variable cost per unit
    Contribution per unit
    30s
  • Q10
    contribution per unit * units sold
    Total contribution
    30s
  • Q11
    fixed costs / contribution per unit
    Break-even point
    30s
  • Q12
    actual - budget
    Variance
    30s
  • Q13
    sales revenue - cost of sales
    Gross profit
    30s
  • Q14
    gross profit - overheads
    Operating profit
    30s
  • Q15
    operating profit + finance costs
    Net profit
    30s

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