Question

Table 1 contains information about a small business for one month. The business

Answer 1

Answer:

Profit during month =   £22,200

Explanation:

Given:

Number of unit sold = 270

Fixed costs  = £2,100

Variable costs (per unit)  = £110

Sales price (per unit)  = £200

Find:

Profit during month

Computation:

Total sales value = Number of unit sold x Sales price (per unit)

Total sales value = 270 x £200

Total sales value = £54,000

Total Variable costs value = Number of unit sold x Variable costs (per unit)

Total Variable costs value = 270 x £110

Total Variable costs value = £29,700

Profit during month = Total sales value - Total fixed cost - Total Variable costs value

Profit during month =  £54,000 -  £2,100 -  £29,700

Profit during month =   £22,200

Answer 2

Answer:

workings. Number of units sold: 240. Fixed costs: £1 100. Variable costs per unit: 45 pence. (2) ... You are advised to show your workings. (2). (Total for question = 2 marks). Q6 ... Table 1 contains information about a small business for one month. ... Using the information in Table 1, calculate the profit for this business. You ...

Explanation: