Business Studies Multiple Choice Question – 7 December 2020

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:

1. £2.50
2. £4.25
3. £4.50
4. £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

1. Not correct
2. Correct — = £7.25 – £3
3. Not correct
4. Not correct

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