Table 1 shows information about a furniture repair business for one month.
| Item | Amount |
|---|---|
| Jobs completed | 750 |
| Average price per job | £18 |
| Variable cost per job | £9.60 |
| Monthly fixed cost | £3200 |
Using Table 1, what is the business's profit for the month?
£2300
£3100
£6300
£10,400
138 exam-style questions on AQA GCSE Economics 1.4 Production, costs, revenue and profit, covering 1.4.1a Business objectives, 1.4.1b Types of costs and revenue, 1.4.1c Calculating profit, 1.4.1d Profit as an incentive to produce, 1.4.1e Moral and ethical considerations, 1.4.2a Production versus productivity, 1.4.2b Factors and benefits of productivity, 1.4.3a Economies of scale and business behaviour, 1.4.3b Types of economy of scale, and 1.4.3c Diseconomies of scale. Each one has a worked solution and a mark scheme showing where the marks go.