Which formula calculates a percentage of a total?
Average = total ÷ number of values.
Percentage = part ÷ whole × 100.
Fixed costs do not change with output in the short term; variable costs change with output.
Percentage = whole ÷ part × 100.
Flashcards for OCR GCSE Business Calculation, covering the key terms, formulae and case studies you need to recall for Business 1 and Business 2. 23 cards, matched to the OCR GCSE Business (J204) specification. Recall questions account for roughly 35% of marks at GCSE Business, so these target the marks you can secure before the paper starts.