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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: 3]

The Better Toy Store (TBTS) is a children's toy shop. TBTS has three shops in Singapore. Two of the shops are located in busy shopping malls and the third is located at the Jewel Changi Airport. TBTS has a website for customers looking to buy toys online.

TBTS selects toys to sell that are excellent for play, value, design and quality. All TBTS toys are environmentally friendly.

Question (a)

(a)

Which one of the following is a variable cost?

Select one answer.

A

Rent paid

B

Management salaries

C

Insurance agreed

D

Raw materials

[ 1 ]

Question (b)

(b)

Figure 1 is a financial extract from TBTS based on the sale of 160 wooden toy carts.

Figure 1

Figure 1

Calculate the total costs for TBTS of making 160 wooden toy carts. You are advised to show your working.

[ 2 ]
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