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.
2.4.1 Business calculations 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’.
GP = SR - COS
GP = £200 - £50 = £150
Revenue
GPM = GP / SR x 100
GPM = £400 / £600 x 100
GPM = 66.67%
Note: if you put 66.67 and not 66.67%, you would lose a mark.
100
GP = SR - COS
GP = £45,000 - £23,000
GP = £22,000
Note: the answer needs to be expressed in the currency given, i.e. £
NP = GP - expenses + interest
NP = £70,000 - (£2,000 + £4,000)
NP = £70,000 - £6,000
NP = £64,000
Note: express the answer in the currency given, i.e. £
NPM = NP / SR x 100
NPM = £200 / £500 x 100
NPM = 40%
Note: if you just put 40 and not 40%, you would lose a mark.
Gross
NP = GP - expenses + interest
NP = £150 - £25 = £125
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.
Joey has been selling books in his online shop. He bulk-bought some books to sell on, and he calculated the gross profit on them to be £400 in total on £600 worth of sales. Calculate his gross profit margin.
Use the net profit margin (NPM) formula. Monica is selling vegan pies on Facebook that she makes at home. She has calculated her net profit to be £200 on £500 worth of pie sales. Calculate her net profit margin on the pies.
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.
Use the gross profit (GP) formula. Rachel sells sunglasses in her eBay store. The glasses cost £50 to buy, and she has £200 worth of sales from this stock. Calculate the gross profit on the sunglasses.
Gross Profit Margin = Gross profit / Sales Revenue x __________
Net profit = __________ profit - expenses + interest
Gross profit = Sales ___________ - Cost of sales