level: Level 1
Questions and Answers List
level questions: Level 1
| Question | Answer |
|---|---|
| How do you calculate total costs? | Fixed costs + Variable costs |
| How do you calculate revenue? | Selling price x Number of sales |
| How do you calculate the break even point? | Fixed costs ./. (Selling price per unit - Variable costs per unit) |
| How do you calculate the total profit? | Sales revenue - Total costs |
| How do you calculate profit per unit? | Selling price per unit - Total costs per unit |