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3.3 Revenues, costs and profits

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Question 11

With reference to the data below, calculate the profit (in pence) for a single Aetheris Lavender Soy Candle sold at £24.50. You are advised to show your working.

Figure 1: Aetheris Lavender Soy Candle Revenue Distribution

Aetheris Lavender Soy Candle Revenue Distribution

ComponentPercentage
Soy Wax12%
Essential Oils18%
Glass Jar & Packaging6%
Shipping & Fulfilment15%
Marketing & Promotion15%
VAT20%
Profit14%
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3.3 Revenues, costs and profits Questions

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