Business Studies Multiple Choice Question – 31 May 2023

The sales revenue for the Sloe Gin market has grown by 3% in 2022 compared with sales of £700 million in 2021.

What is the new sales revenue for the market?

Select ONE answer:

1. £21 million
2. £700 million
3. £721 million
4. £1,421 million

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 3

1. Not correct
2. Not correct
3. Correct – £700M * 1.03 = £721M
4. Not correct

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