Quiz: Interpreting Revenue, Cost and Profit Figures
WJEC Eduqas GCE A LEVEL in BUSINESS specification
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Building on what you've learned about revenue, costs and profit, let's test your knowledge and skills with some questions!
What is the formula to calculate profit?
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Which of the following are examples of variable costs? (Select all that apply)
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Revenue is the total {{blank0}} earned from selling goods or services, calculated as {{blank1}} × Quantity sold.
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Match the items on the left with their correct pairs on the right
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Calculate the profit if a company has a revenue of £5,000 and total costs of £3,200.
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Which of the following is an example of an indirect cost?
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Which of the following statements are true about semi-variable costs? (Select all that apply)
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Total costs are the sum of {{blank0}} costs and {{blank1}} costs.
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If a company sells 200 units at £15 each, what is the total revenue?
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Match the items on the left with their correct pairs on the right
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