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CAIE IGCSE Business Studies 5.3.2 Statement of Profit or Loss Questions

Practise profit-or-loss questions by identifying revenue, cost of sales, expenses and profit, then calculating missing values.

Syllabus
2027–2029
Course
Business 0264

Exam points

  • State income statement features such as revenue, cost of sales, gross profit and expenses.
  • Calculate missing statement figures such as gross profit, expenses or profit for the year.
  • Use profit-or-loss data to compare performance or support a business decision.

CAIE IGCSE Business Studies 5.3.2 Statement of Profit or Loss Questions question 1

[Maximum number: 6]

KPX manufactures computers. The business imports 60% of its raw materials. The Operations Director is considering ways to use lean production methods in KPX's factory. The Finance Director is reviewing KPX's financial data to calculate the value of its expenses. An extract is shown in Table 1.1.

Table 1.1

Table 1.1

Question (a)

(a)

Calculate KPX's expenses in 2024. Show your working.

Working:

Final answer:

[ 2 ]

Question (b)

(b)

Outline two ways KPX's Finance Director could use the financial data in Table 1.1.

Way 1:

Way 2:

[ 4 ]
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