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Card 1 of 24

How do you calculate gross profit?

A

Gross profit: revenue+cost of sales\text{revenue} + \text{cost of sales}revenue+cost of sales

B

Gross profit: revenue−operating expenses\text{revenue} - \text{operating expenses}revenue−operating expenses

C

Gross profit: revenue−cost of sales\text{revenue} - \text{cost of sales}revenue−cost of sales

D

Gross profit: cost of sales−revenue\text{cost of sales} - \text{revenue}cost of sales−revenue

Card 1 of 24

Assessing financial position and performance Flashcards

  1. A Level
  2. /Business
  3. /Assessing financial position and performance

24 flashcards on AQA A Level Business Assessing financial position and performance: the key terms, formulae and case studies you need to recall for Paper 1, Paper 2 and Paper 3.

Flashcards