This lesson includes a PowerPoint and a worksheet and covers:
a) Calculation of:
o gross profit
o operating profit
o profit for the year (net profit)
b) Statement of comprehensive income (profit and loss
account):
o measuring profitability:
- calculation of gross profit margin, operating profit
margin, and profit for the year (net profit) margin
o ways to improve profitability
c) Distinction between profit and cash
Written by Sarah Hilton for Revisionstation
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