# B:Unit 1-Finance

Will they make a profit or a loss?

Example Questions

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Hot Dogs: Sale Price:£3 Units Sold P/Year:20(K) Cost: £15(K)
(SP)£3 X (US/Y)20,000= (Revenue)£60,000-(C)£15,000=£45,000. Profit or Loss?= P £45,000
1 of 5
ishmael's Harpoons: Price:£15 Units Sold/Year:5,000 Cost:£10,000
(SP)£15 X (US/Y)5,000= (Revenue)£75,000-(C)£10,000=£65,000. Profit or Loss?= P £65,000
2 of 5
Jim's Sniper Hire: Price:£70,000 Units Sold/Year:8 Cost:£60,000 per sale
(SP)£70,000 X (US/Y)8=(Revenue)£560,000 (per sale cost: US/Y 8 X Cost: £60,000= £480,000)-(C)£480,000=£80,000. Profit or Loss?= L of £400,000 (Cost-£80,000=£400,000)
3 of 5
Holly's lollys: Revenue: £8 (per day) Working Days p/ Year: 283 Cost:£4
283 X £8= (Revenue)£2,264 £4 X 283=£1,132 (Cost) R-C=£1,132 Profit
4 of 5
Holly's lollys: Revenue: £8,700 (per day) Working Days p/ Year: 276 Cost:£40,000
276 X £8,700= (Revenue)£2,401,200 £40,000 X 276 X £11,040,000(Cost) R-C=£8,638,800 Loss
5 of 5

## Other cards in this set

### Card 2

#### Front

ishmael's Harpoons: Price:£15 Units Sold/Year:5,000 Cost:£10,000

#### Back

(SP)£15 X (US/Y)5,000= (Revenue)£75,000-(C)£10,000=£65,000. Profit or Loss?= P £65,000

### Card 3

#### Front

Jim's Sniper Hire: Price:£70,000 Units Sold/Year:8 Cost:£60,000 per sale

### Card 4

#### Front

Holly's lollys: Revenue: £8 (per day) Working Days p/ Year: 283 Cost:£4

### Card 5

#### Front

Holly's lollys: Revenue: £8,700 (per day) Working Days p/ Year: 276 Cost:£40,000