Revenue, costs, Profit

A business sold 300,000 products priced at £2.50 per product. Total costs were £150,000. How much profit was made?

• £550,000

• £150,000

• £600,000

• £650,000

Coffee shop charges £1.90 for a cup of coffee. The variable cost per cup is £0.25p and monthly fixed costs are £2400. Last month the business sold 2,400 cups of coffee. How much profit was made last month?

• £4,560

• £1,660

• £1,560

• £3,000

TV Manufacturer sells its TV's to retailers for £140 a set. Variable costs are 40% of the selling price, with fixed costs being £78,000. The manufacturer sells 1350 TV's a month. Calculate the monthly revenue.

• £189,000

• £140,000

• £177,000

• £185,000

TV Manufacturer sells its TV's to retailers for £140 a set. Variable costs are 40% of the selling price, with fixed costs being £78,000. The manufacturer sells 1350 TV's a month. Calculate the variable cost.

• £75,000

• £75,600

• £76,000

• £76,600

TV Manufacturer sells its TV's to retailers for £140 a set. Variable costs are 40% of the selling price, with fixed costs being £78,000. The manufacturer sells 1350 TV's a month. Calculate the profit made each month.

• £38,400

• £75,600

• £153,600

• £35,400

A business made a profit of £60,000. Fixed costs were £180,000 and the variable cost per unit was £24. The business sold 10,000. Calculate the selling price per unit.

• £52

• £50

• £48

• £46

A Florist sold 940 bunches of flowers making a profit of £2,035. Fixed costs are £2,900 per month and the selling price of a bunch of flowers is £7.80. Calculate the variable cost of a bunch of flowers.

• £2.65

• £2.55

• £2.50

• £2.52

A Florist sold 940 bunches of flowers making a profit of £2,035 a month. Fixed costs are £2,900 per month and the selling price of a bunch of flowers is £7.80. Calculate the profit for the year.

• £24,440

• £34,800

• £24,420

• £20,420

Next year a toy manufacturer estimates it will sell 26,000 units at a selling price of £18 per unit. Variable costs per unit will be 2/3 of the selling price and the business estimates it will make a profit of £86,000. Calculate the fixed costs for the year.

• £156,000

• £146,000

• £86,000

• £70,000

The following year the toy manufacturer estimates it will still sell 26,000 units at a selling price of £18 per unit. Variable costs per unit will be 2/3 of the selling price. Fixed costs will stay the same and the business estimates variable costs will increase 10%. Calculate what will the new profit be?

• £55,000

• £70,000

• £51,000

• £62,000