A music rehearsal studio has fixed costs of £4,100 each month. The table shows information about the sessions it supplied and sold in April and May.
| Month | Sessions supplied and sold | Price per session | Variable cost per session |
|---|---|---|---|
| April | 320 | £28 | £9 |
| May | 380 | £27 | £10 |
Calculate the change in the studio's monthly profit from April to May. Show your working.
83 exam-style questions on OCR GCSE Economics 2.6 Production, covering 2.6.1 Role of producers, 2.6.2 Importance of production and productivity, 2.6.3 Calculate cost, revenue, profit and loss, 2.6.4 Explain cost, revenue, profit and loss, 2.6.5 Cost, revenue and profit for producers, and 2.6.6 Economies of scale. Each one has a worked solution and a mark scheme showing where the marks go.