GCSE Business Studies - Finance Calculations

A quick quiz on finance calculations useful for GCSE business studies.

Teacher recommended

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  • Created by: Rhys B-M
  • Created on: 25-04-12 19:32
How do you calculate revenue?
sales x price
1 of 8
How do you calculate total costs?
variable costs + fixed costs
2 of 8
How do you calculate average price?
total cost ÷ output
3 of 8
How do you calculate profit?
revenue - total costs
4 of 8
If business B sells 1000 products in a month at £10 each, what is business B's revenue for the month?
£10,000
5 of 8
Business B a has variable costs of £5,000 for a month and fixed costs of £2,300. What is business B's total costs for the month?
£7,300
6 of 8
Business B has an output of 20,000 products at a total cost of £30,000. What is the average cost?
£1.50
7 of 8
Business A sells 20,000 products in a month for £2 each, for the same months its total costs are £30,000. How much profit does it make in the month?
£10,000
8 of 8

Other cards in this set

Card 2

Front

How do you calculate total costs?

Back

variable costs + fixed costs

Card 3

Front

How do you calculate average price?

Back

Preview of the front of card 3

Card 4

Front

How do you calculate profit?

Back

Preview of the front of card 4

Card 5

Front

If business B sells 1000 products in a month at £10 each, what is business B's revenue for the month?

Back

Preview of the front of card 5
View more cards

Comments

jordan_ingram

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what a LAD

caitlin

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yay 100%

davidsalter

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A brief test based on GCSE type questions that enables students to measure their progress. Students can make up other similar questions for their colleagues on different aspects of the specification.

nmdrm

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hi

oly202

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Brilliant. Thank You

EmmaColville

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some of the questions have been worded really badly

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