This document includes every single formula for the Unit 3 Personal and Business Finance exam.
Breakeven:
Total costs Fixed + variable costs
Total revenue (volume) Quantity sold
Total revenue (monetary) Sales price x quantity sold
Breakeven point Where total revenue = total costs
Breakeven point (units) Fixed cost/(sales price – variable cost)
Breakeven point (units) Fixed cost/unit contribution
Unit contribution Sales price – variable cost
Margin of safety Output – breakeven point
Profit Margin of safety x unit contribution
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