AS Business Studies- Costs, Profit and Revenue Small Quiz on costs, profit and revenue 3.5 / 5 based on 15 ratings ? Business StudiesASAll boards Created by: TallyCreated on: 17-11-10 10:37 What is the name given to costs that do not change with the level of output? Fixed 1 of 4 What is the profit if Total costs are £157,000 and Revenue is £150,000? (7,000) 2 of 4 What is an example of a Variable cost? Raw materials 3 of 4 The formula for calculating revenue is: Quantity sold x Average selling price 4 of 4
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