Day: November 25, 2017

Business Studies Multiple Choice Question – 25 November 2017

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

The firm’s cost-plus strategy in the figure adds?

Diagram 05

Select ONE answer:

  1. 10% to costs
  2. 20% to costs
  3. 33% to costs
  4. 25% to costs
  5. 40% to costs

Show your workings to arrive at your answer, and explain and justify your reasons & what would be the price if it added 50% to costs – show your workings:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

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

The answer is 4 – If the cost equals £40 then assume it is equal to 100%. Adding the £10 then equates to 25% of the £40 total costs i.e. £10 / £40 = 25%

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