Card 1 of 24
How do you calculate gross profit?
A
Gross profit: revenue−operating expenses\text{revenue} - \text{operating expenses}revenue−operating expenses
B
Gross profit: cost of sales−revenue\text{cost of sales} - \text{revenue}cost of sales−revenue
C
Gross profit: revenue−cost of sales\text{revenue} - \text{cost of sales}revenue−cost of sales
D
Interest must be paid even if profits fall.
Card 1 of 24
Assessing financial position and performance Flashcards
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.