Business BTEC. Unit 3 Personal and Business Finance Formula Sheet
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Course
Unit 3. Personal and Business Finance (31463H)
Institution
PEARSON (PEARSON)
Book
BTEC Business Level 3 Unit 3 Personal and Business Finance Exam Paper 80 Marks
This document contains all 20 key formulas needed for the Unit 3 business and personal finance exam on Thursday, May 16th. perfect for revision and exam practice.
btec business unit 3 personal and business finance
calculations personal and business finance
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Formulas for Calculations
The list provides you with all the 20 key calculations you need for the Unit 3 exam on
Thursday 16th May 2024.
1. Total revenue
Total revenue = quantity sold x selling price
2. Total costs
Total costs = fixed costs + total variable costs
3. Contribution per unit
Contribution per unit = selling price – variable cost per unit
4. Break-even point
Break-even point = fixed costs / contribution per unit
5. Margin of safety
Margin of safety = actual sales in units – break-even point
6. Gross profit
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