Business studies

• What is the formula for calculating sales revenue as a percentage of total revenue?


  Sales revenue / total revenue = price x quantity
• What is the formula for total cost?

  Total cost = Fixed Cost + Variable costs
• How is gross profit margin calculated?

  Gross profit margin = GP / SR x 100%
• What is the formula for net profit margin?


  Net profit margin = NP / SR x 100%
• What does the profit formula represent?


  Profit = TR - TC = S
• What is the formula for the current ratio?

  Current ratio = CA / CL = 1
• How is percentage change calculated?

  Percentage change = (Difference / original) x 100
• What is the formula for calculating reverse price?


  Reverse / price
• What does NIGIOP represent in the formula NIGIOP / SR x 100?


  NIGIOP represents net income generated in operations.
• What is the difference between budgeted and actual figures?


  • Budgeted figures are planned estimates.
  • Actual figures are the real outcomes.
  • The difference indicates performance against expectations.
• What are the key figures from Jack Wills Ltd's Statement of Comprehensive Income (2018)?


  • Revenue: £129,297,000
  • Cost of sales: £63,380,000
  • Other operating expenses: £80,149,000
• A business plan is an outline that describes the nature, purpose, products or services offered by a company.