Calculating Profit and Costs Quiz

Imagine you are running a small bakery. You sell 500 loaves of bread at £2.50 each. What is the total revenue from selling these loaves?

• £1,000

• £1,250

• £1,500

• £1,750

You own a local café. Last month, your total revenue was £10,000, and your total costs were £7,500. What was your profit for the month?

• £2,500

• £3,000

• £2,000

• £3,500

A small manufacturing company has fixed costs of £3,000 and variable costs of £2 per unit. If they produce 1,000 units, what are the total costs?

• £5,000

• £4,000

• £3,000

• £2,000

A business has a total revenue of £15,000. Its fixed costs are £4,000, and its variable costs are £6,000. What is the profit?

• £5,000

• £4,000

• £3,000

• £2,000

If a company has fixed costs of £10,000 and variable costs of £5 per unit, how many units must it sell at £15 each to break even?

• 1,000 units

• 2,000 units

• 500 units

• 1,500 units

A shop sells 200 items at £20 each. The fixed costs are £1,000, and the variable cost per item is £10. What is the total profit?

• £1,000

• £2,000

• £3,000

• £4,000

A company has a total revenue of £50,000, fixed costs of £20,000, and variable costs of £15,000. What is the profit?

• £15,000

• £10,000

• £5,000

• £20,000

If a business has fixed costs of £8,000 and variable costs of £4 per unit, how many units must it sell at £12 each to achieve a profit of £4,000?

• 1,500 units

• 2,000 units

• 1,000 units

• 2,500 units