SGS Business 1.3.2 Business Revenue costs and Profit

Which option is the correct formula to calculate total sales revenue?

The table below gives information about two different products sold by a business. Which one of the following is the correct sales price per unit for product B?

Using the break even diagram shown in question 3, if Business X’s actual sales were 3,000 units, which of the following would be its correct margin of safety?

A business has an agreed overdraft limit of £10,000, which it has used 75% of, on average, throughout the year. The interest rate on the overdraft facility is 15% per annum. Which option represents the amount of interest the business paid this year on its overdraft?

The graph below shows the number of customers that visited a hairdressing business during one trading week. The average sales price per customer is £30. Using this information what is the business’s average daily trading revenue to the nearest £ is:

Last year, a business made £300,000 profit from sales revenue of £750,000. Its total variable costs equalled £125,000. What was the value of the business’s fixed costs?

If the business in question 7 sold 100,000 units during the year, its variable cost per unit equalled:

A business takes out a bank loan of £15,000. The loan will be repaid over 3 years, with a monthly repayment of £500. What is the total interest the business will pay for this loan?

A small business has fixed costs of £24,000 and an average sales price per unit of £9. If the variable cost per unit is 1/3 of the sales price per unit, which of the following is the business’s break even point in units?