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Business Formula Quiz

Authored by Dom Fullman

Business

10th Grade

Used 3+ times

Business Formula Quiz
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula for calculating revenue?

Sales x Costs

Sales x Price

Profit + Costs

Sales – Fixed Costs

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you calculate total costs?

Fixed Costs + Variable Costs

Revenue – Profit

Sales x Price

Gross Profit – Expenses

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the correct formula for percentage change?

(Original Value ÷ Change) × 100

(Change ÷ Original Value) × 100

(New Value ÷ Old Value) × 100

(Sales ÷ Revenue) × 100

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How do you calculate market share?

Sales of business ÷ Total market sales × 100

Revenue ÷ Total sales × 100

Total costs ÷ Sales × 100

Profit ÷ Revenue × 100

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the formula for break-even output?

Total Revenue = Fixed Costs

Total Revenue = Total Costs

Total Costs – Revenue = 0

Sales = Profit

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The formula for net cash flow is: Total cash ________ – Total cash ________

inflow

outflow

7.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Gross Profit is calculated by: Revenue – **________**_

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