The following records relate to one batch made by a craft soap maker.
| Item | Figure |
|---|---|
| Bars sold | 1,600 |
| Price per bar | £7 |
| Total cost of the batch | £8,900 |
Using these records, calculate the total revenue the soap maker received from the batch and the profit it made on the batch.
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.