Gross & Net profit practice
Authored by Conor Sutton
Business
10th - 12th Grade
Used 264+ times
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22 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Revenue = £100,000
Cost of sales = £50,000
Other expenses = £25,000
What is the gross profit?
£25,000
£50,000
£100,000
£75,000
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the gross profit margin formula?
Net profit / Total revenue x 100
Gross profit / Total revenue x 100
Total revenue / Gross profit x 100
Cost of sales / Total revenue x 100
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Revenue = £80,000
Cost of sales = £30,000
Other expenses = £10,000
What is the total net profit?
£70,000
£65,000
£50,000
£40,000
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Revenue = £100,000
Cost of sales = £50,000
Other expenses = £40,000
What is the gross profit margin?
35%
50%
10%
85%
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What will impact the gross profit margin?
Cost of sales increase
Decrease in operating (other) expenses
Sales price charged remaining the same
Increase in operating (other) expenses
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Revenue = £50,000
Cost of sales = £25,000
Other expenses = £5,000
What is the total net profit?
£10,000
£25,000
£20,000
£30,000
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the net profit margin formula?
Net profit / other expenses x 100
Net profit / Cost of sales x 100
Gross profit / Total revenue x 100
Net profit / Total revenue x 100
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