Calculating Revenue and Total Costs

Calculating Revenue and Total Costs

8th Grade

20 Qs

quiz-placeholder

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Calculating Revenue and Total Costs

Calculating Revenue and Total Costs

Assessment

Quiz

Business

8th Grade

Easy

Created by

Kevin Woodward

Used 2+ times

FREE Resource

20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A shop sells notebooks for £2 each. If the shop sells 50 notebooks in a day, what is the total revenue for that day?

£100

£150

£200

£250

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A company produces widgets at a variable cost of £5 per widget. If they produce 200 widgets, what are the total costs?

£500

£1,000

£1,500

£2,000

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a bakery sells 120 loaves of bread at £1.50 each, what is the total revenue?

£150

£180

£200

£220

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A factory has fixed costs of £300 and variable costs of £2 per unit. If they produce 100 units, what are the total costs?

£400

£500

£600

£700

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A lemonade stand sells lemonade for £0.75 per cup. If they sell 80 cups, what is the total revenue?

£50

£60

£70

£80

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A business has a total revenue of £1,200 and total costs of £800. What is the profit?

£300

£400

£500

£600

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A shop buys toys at £3 each and sells them for £5 each. If they sell 40 toys, what is the total revenue?

£100

£150

£200

£250

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