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Edexcel IGCSE Business Studies 3.3.1 Revenue Costs Profit and Loss Questions

Practise using revenue, cost, profit and loss data to classify costs, calculate financial figures and explain profit decisions in business contexts.

Syllabus
First assessment 2019
Course
Business Studies 4BS1

Exam points

  • calculate revenue, percentage change, discounts or profit from financial extracts
  • distinguish fixed and variable costs using case evidence
  • explain how price, costs or commission changes could increase profit in context

Edexcel IGCSE Business Studies 3.3.1 Revenue Costs Profit and Loss Questions question 1

[Maximum number: 1]

Nantgwynfaen Organic Farm (NOF) is a farm growing a range of fruit and vegetables. It has a farm shop and offers accommodation with breakfast. It was set up by Amanda and Ken Edwards in West Wales, UK.

NOF supports farmers by selling local organic produce in its farm shop. The produce from the farm shop is served to the visitors staying overnight at the farm.

NOF is committed to being environmentally friendly by recycling, avoiding the use of packaging and reducing the use of electricity.

Define the term profit.

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