Daily Practice

GCSE Business

27th March 2017

5 questions · GCSE · 503 questions in this band

1
Calculating Gross Profit Margin and Net Profit Margin
Why is it useful to express profit as a percentage of revenue rather than just stating the pound amount of profit?
2
Sources of finance
Give one drawback of using retained profit to finance expansion.
3
Break-even analysis
A product sells for 40 pounds and has a variable cost of 15 pounds per unit. Fixed costs are 5,000 pounds. Calculate the break-even output.
4
Cash-flow forecasting
A business has an opening balance of 1,000 pounds, inflows of 6,000 pounds and outflows of 5,200 pounds for the month. Calculate its closing balance.
5
Financial statements: the income statement and statement of financial position
A business has revenue of 50,000 pounds and cost of sales of 21,000 pounds. Calculate its gross profit.

You are looking at an earlier sheet. Today's sheet is the one that adds a day.

Your run is kept in this browser only, and there is no account.

Any date always gives the same five questions, so a sheet can be set again or shared. All of March 2017, including the monthly compilation PDF.