Number Crunch 19-03-21 Business Studies

If the price of a Mars Bar was 60p and it rose by 25% due to inflation, how much would the new price be?

• 85p

• 66p

• 75p

• 65p

A T shirt, priced at £30, has been offered on sale with 30% off. If the retailer paid £20 for the shirt, what is the profit/ loss amount?

• £1 loss

• £1 profit

• £0 profit/ loss

• £30 loss

• £19 profit

If Dan earns £20,000 per year and pays 20% income tax on all of his earnings over £12000, how much income tax does he pay?

• £2,000

• £2,400

• £1,600

• £2,800

I employ 3 members of staff and they all work for 8 hours per day, 5 days per week. Staff member A earns £10 per hour. Staff member B earns £100 per day. Staff member C earns £450 per week. Which member of staff earns the most?

• Staff member A

• Staff member B

• Staff member C

Total cost = fixed cost + variable cost. What is the total cost of Dave's Burger Business from these figures:

Rent (fixed cost)- £1000

Ingredients (variable cost)- 50p per burger

Burgers sold- 100

• £1,000.50

• £1,100

• £1,150

• £1,050