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2.4 Making financial decisions

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Question 5

A business earns gross profit of £120,000 and has a gross profit margin of 40%. What is its sales revenue?

[1]
A

£48,000

B

£72,000

C

£160,000

D

£300,000

Markscheme

2.4 Making financial decisions Questions

  1. GCSE
  2. /Business
  3. /2.4 Making financial decisions

37 exam-style questions on Edexcel GCSE Business 2.4 Making financial decisions, covering 2.4.1a Gross and net profit, 2.4.1b Margins and average rate of return, 2.4.2a Using quantitative business data, 2.4.2b Financial information: understanding performance, and 2.4.2c Financial information: making business decisions. Each one has a worked solution and a mark scheme showing where the marks go.

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