Daily Practice

GCSE Business

31st October 2022

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
A business borrows 5,000 pounds at a simple interest rate of 4% per year, repaid after 2 years. Calculate the total interest paid.
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 gross profit of 35,000 pounds and expenses of 22,000 pounds. Calculate its net profit.

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