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3.3 Revenues, costs and profits

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Question 10

MetroLink Velo operates a metropolitan cycle hire scheme. In a typical week, the company generates £480,000 in gross passenger ticket sales. Under its license agreement, MetroLink Velo must pay a 15% franchise levy (tax) to the regional transit authority. Calculate the weekly revenue retained by MetroLink Velo after paying this franchise levy. You are advised to show your working.

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3.3 Revenues, costs and profits Questions

  1. A Level
  2. /Economics
  3. /3.3 Revenues, costs and profits