The data below refers to a particular good:
- output = 200 units
- selling price = £7.25
- fixed costs = £500
- contribution per unit = £3
The variable cost per unit is?
Select ONE answer:
- £2.50
- £4.25
- £4.50
- £4.75
Show the workings to arrive at your answer, and explain and justify your reasons:
……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………
This multiple-choice question is suitable for Business Studies KS4 & KS3 classes
The answer is 2
- Not correct
- Correct — = £7.25 – £3
- Not correct
- Not correct
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