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Jumbled DOL and DFL formulas?
 
DOL =  Percentage change in operating income / Percentage change in units sold 
        =  Q(P-V) / Q(P-V)-F 
Aren’t the numerator and denominator jumbled and don’t agree with corresponding text description?        
DFL  = Percentage change in net income / Percentage change in operating income 
        = Q(P-V)-F / Q(P-V)-F-C 
Same comment here. Isn’t Q(P-V)-F the operating income and Q(P-V)-F-C the net income?  
If I remember correctly, this is also the way they are presented in the CFAI readings. If this is the case, should we follow the formula over the text description? |   
 
 
 
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