
IGCSE Business Key Formulas
Authored by Mark Stewart
Business
10th Grade
Used 9+ times

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12 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for calculating revenue?
Revenue = Number of Units Sold * Price per Unit
Revenue = Number of Units Sold / Price per Unit
Revenue = Number of Units Sold - Price per Unit
Revenue = Number of Units Sold + Price per Unit
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you calculate cost in a business?
Subtract all revenue from expenses
Divide total expenses by the number of employees
Add up all expenses incurred in the production or operation of goods or services.
Ignore all expenses and focus only on revenue
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for determining profit?
Profit = Revenue / Cost
Profit = Revenue x Cost
Profit = Revenue + Cost
Profit = Revenue - Cost
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain the break-even formula in business.
Break-even point = Total Variable Costs / (Selling Price per Unit - Fixed Cost per Unit)
Break-even point = Total Fixed Costs x (Selling Price per Unit - Variable Cost per Unit)
Break-even point = Total Fixed Costs / (Selling Price per Unit - Variable Cost per Unit)
Break-even point = Total Fixed Costs / (Selling Price per Unit + Variable Cost per Unit)
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How do you calculate market share?
Market share = (Company's number of employees / Total market number of employees) * 100
Market share = (Company's sales revenue / Total market sales revenue) * 100
Market share = (Company's profit / Total market profit) * 100
Market share = (Company's market value / Total market value) * 100
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the formula for gross profit margin?
(Revenue + Cost of Goods Sold) / Revenue * 100%
(Revenue - Cost of Goods Sold) / Revenue * 100%
(Revenue - Cost of Goods Sold) / Cost of Goods Sold * 100%
Revenue / Cost of Goods Sold * 100%
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Explain the net profit margin formula.
Net Profit Margin = (Net Profit / Total Expenses) * 100
Net Profit Margin = (Net Profit / Operating Income) * 100
Net Profit Margin = (Net Profit / Gross Profit) * 100
Net Profit Margin = (Net Profit / Total Revenue) * 100
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