Day: February 22, 2021

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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