Search Header Logo

Gross & Net profit practice

Authored by Conor Sutton

Business

10th - 12th Grade

Used 264+ times

Gross & Net profit practice
AI

AI Actions

Add similar questions

Adjust reading levels

Convert to real-world scenario

Translate activity

More...

    Content View

    Student View

22 questions

Show all answers

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

Access all questions and much more by creating a free account

Create resources

Host any resource

Get auto-graded reports

Google

Continue with Google

Email

Continue with Email

Classlink

Continue with Classlink

Clever

Continue with Clever

or continue with

Microsoft

Microsoft

Apple

Apple

Others

Others

Already have an account?