Sales, Costs and Profit Made Simple

This practical online course explains how to calculate and understand the key figures used to measure business performance. You will learn how to calculate sales revenue, identify different types of business cost, work out cost of sales, calculate gross and net profit, understand profit percentages and read a simple profit and loss statement. No advanced maths knowledge is required. The course uses straightforward explanations, practical formulas and realistic business examples. CPD Learning Time: 1 Hour 

By the end of the course, you should be able to: -Explain the difference between revenue and profit -Calculate sales revenue -Identify fixed and variable costs -Recognise direct and indirect costs -Calculate cost of sales -Calculate gross profit -Calculate net profit -Work out gross and net profit percentages -Understand the structure of a profit and loss statement -Use financial figures to support business decisions

Many businesses generate sales without fully understanding how much profit they are actually making. This course gives you the practical skills to calculate and interpret the figures that matter. You will learn how sales revenue, business costs, cost of sales, gross profit and net profit work together. By completing the course, you will be better able to: * Understand where your business income is going * Calculate whether products or services are profitable * Identify rising or unnecessary costs * Set more informed prices * Compare financial performance over time * Read a simple profit and loss statement * Make decisions based on figures rather than guesswork * Communicate more confidently with accountants, managers and advisers The course uses straightforward explanations and realistic examples, making it suitable even if you have limited confidence with maths or business finance.

This course is suitable for: -New business owners -Sole traders -Freelancers -Hospitality and retail managers -Supervisors and team leaders -People considering starting a business -Employees who need to understand basic business figures -Learners who want to improve their practical business maths skills

Successful learners will receive a certificate confirming that they have pursued a programme of study and successfully completed all course requirements for: Sales, Costs and Profit Made Simple The certificate will state: CPD Learning Time: 1 Hours This is a certificate of completion and continuing professional development.