Buss 2 Formulas

Question	Answer
Labour Productivity	Total value of output / total employees
Labour Turnover	Number of leavers per year / average number of staff x 100
Absenteeism	Number of absent employees / total workforce x 100
Total Costs	Fixed costs + variable costs
Unit Cost	Total cost / output
Capacity Utilisation	Current output / maximum output x 100
PED	% change in demand / % change in price
Revenue	Selling price x quantity sold
Profit	Revenue - total costs
Gross Profit	Revenue - variable costs
Gross Profit Margin	Gross profit / revenue x 100
Net Profit	Revenue - total costs
Net Profit Margin	Net profit / revenue x 100

Resource summary

	Created by Holly Rodemark almost 11 years ago