Accounting Multiple Choice Question – 22 February 2021

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

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The table below shows the budget for a business.

Actual production and sales were 15 000 units.

What was the actual profit?

Select ONE answer:

  1. £30,000
  2. £40,000
  3. £52,000
  4. £90,000 

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

……………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………

This multiple-choice question is suitable for Accounting KS5 classes.

The answer is 2

  1. Not correct
  2. Correct – (£400,000 / 20,000) *15,000 — (£280,000 / 20,000) * 15,000 – £50,000
  3. Not correct
  4. Not correct

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