Gross and net profit (Edexcel GCSE Business): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What does gross profit measure?
What does gross profit measure?
Profit from main trading before expenses
What is the formula for calculating gross profit?
What is the formula for calculating gross profit?
Sales revenue - Cost of sales
What is sales revenue?
What is sales revenue?
All money from selling products/services
What does cost of sales include?
What does cost of sales include?
Direct costs of buying, making, delivering
What is gross profit sometimes called?
What is gross profit sometimes called?
Gross margin
What does net profit represent?
What does net profit represent?
Final profit after all expenses deducted
How do you calculate net profit?
How do you calculate net profit?
Gross profit - Operating expenses & interest
What is net profit sometimes called?
What is net profit sometimes called?
Bottom line
Which of these is an operating expense?
Which of these is an operating expense?
Rent and business rates
A shop has £8,000 sales & £3,000 cost of sales. What is gross profit?
A shop has £8,000 sales & £3,000 cost of sales. What is gross profit?
£5,000
What is a risk when increasing prices to boost revenue?
What is a risk when increasing prices to boost revenue?
Customers may find alternatives
What is a danger of cutting costs too much?
What is a danger of cutting costs too much?
Product quality may be harmed