This test is run by .
Note that your final mark will not be saved in the system.
Note that your final mark will not be saved in the system.
5.3 Revenue, costs, profit and loss MatchUp
Target Level
4-5
Running Total
0
0%
Attempt
1 of 3
Click on a top box, then click on its match below. Or, drag a top box and drop it onto the correct match. Match all pairs before clicking ‘Check’.
Fixed costs
gross
£64,000
Reduction in selling price
£125
£350
Variable costs
£22,000
revenue
£2,000
Use the gross profit (GP) formula. Phoebe sells cat food in her online shop Smelly Cat, and in 2019 she made £45,000 in sales. The cat food she sold cost her £23,000. Calculate her gross profit.
Chandler sells computer equipment. He has calculated his gross profit to be £70,000 this year. His expenses were £2,000 and his total bank loan interest payments for the year were £4,000. Calculate his net profit.
Ross sells dinosaur toys online. He buys in the toys from China at £300 per box. He calculates his gross profit per box to be £150 and he estimates his expenses and interest to be £25. Calculate the net profit.
Net profit = __________ profit – expenses + interest
Gross profit = sales ___________ – cost of sales
A business sells 80 units at a selling price of £25 each. What is their revenue amount?
A business sells 20 units. Variable cost is £10. Fixed cost is £150. How much are total costs?
What type of costs are packaging and raw materials?
What type of costs are rent, insurance and purchase of machinery?
A way to encourage higher sales revenue