Calculate questions (Edexcel GCSE Business): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What do calculate questions primarily test?
What do calculate questions primarily test?
Quantitative skills
What are you typically given in calculate questions?
What are you typically given in calculate questions?
Data, formula & show working instruction
What is the formula for net profit margin?
What is the formula for net profit margin?
(Net profit ÷ Sales revenue) × 100
What is the formula for percentage increase?
What is the formula for percentage increase?
(Increase ÷ Original size) × 100
What does net profit margin measure?
What does net profit margin measure?
Business profitability & efficiency
A company has £15m net profit and £130m sales revenue. What is its net profit margin?
A company has £15m net profit and £130m sales revenue. What is its net profit margin?
11.54%
Market share grew from 32% to 40%. What is the percentage growth?
Market share grew from 32% to 40%. What is the percentage growth?
25%
What is a critical mistake to avoid in calculate questions?
What is a critical mistake to avoid in calculate questions?
Confusing different types of data
Why should you always show your working in calculate questions?
Why should you always show your working in calculate questions?
Can gain marks even if answer is wrong
Why should you check if 500% profit margin seems reasonable?
Why should you check if 500% profit margin seems reasonable?
It's unrealistic for most businesses