Which of the following is the correct formula to calculate total sales revenue?
1.3.2 - Business revenues, costs and profits (PART B)

Quiz
•
Business
•
9th - 10th Grade
•
Hard
P Bell
Used 39+ times
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Selling price per unit x output sold
Total fixed costs + total variable costs
Unit cost x output
Total inflows – total outflows
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The table below gives information about two different products sold by a business.
Based on this information, which one of the following is the correct sales price per unit for product B?
£2.50
£1.25
£0.80
£0.40
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A break even diagram for Business X is shown here.
Based on this information, which one of the following is the correct value of its fixed costs at 3,000 units?
£20,000
£40,000
£50,000
£90,000
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Using the break even diagram, if Business X’s actual sales were 3,000 units, which one of the following would be its correct margin of safety?
0 units
1,000 units
2,000 units
3,000 units
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
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 one of the following represents the amount of interest the business paid this year on its overdraft?
£1,125
£1,500
£7,500
£8,625
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The graph shows the number of customers that visited a hairdressing business during one trading week. The average sales price per customer is £30.
Based on this information, the business’s average daily trading revenue to the nearest £ is:
£43
£909
£1,272
£6,360
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Last year, a business made £300,000 profit from sales revenue of £750,000. Its total variable costs equalled £125,000. The value of the business’s fixed costs was:
£175,000
£325,000
£450,000
£625,000
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