Day: November 23, 2017

Business Studies Multiple Choice Question – 23 November 2017

The home of multiple choice questions for all your KS3, KS4 and KS5 Business Studies, Economics and Accounting requirements.

A market has grown by 25% and is now worth £50,000. What was it worth before?

Select ONE answer:

  1. £60,000
  2. £50,000
  3. £25,000
  4. £40,000
  5. £5,000

Show your workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This is multiple choice question is suitable for Business Studies KS5 classes.

The answer is 4 – £50,000 / 1.25 = £40,000. Or £40,000 * 1.25 or 25% = £50,000

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