Business Studies Multiple Choice Question – 29 June 2022

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

Business Studies
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In March 2022, Electromac Group, a multinational engineering business, reported the following annual results.

Revenue £64 826M
Cost of sales £60 737M
Gross profit £4 089M
Other operating expenses £546M

What was the profit in relation to revenue %?

Select ONE answer:

  1. 5.47%
  2. £3 543m
  3. 6.31%
  4. £64 280m

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 1

  1. Correct – formula for margin is: profit for the year/revenue x 100. Profit for year is £3 543 or 4 089-546. Therefore £3 543m / £64 826m x 100 = 5.47%
  2. Not correct
  3. Not correct
  4. Not correct

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Author: stuart001uk2014

Referral marketing, business, economics and accounting s​pecialist & corporate mentor

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