Quick questions on Gross and net profit, margins and average rate of return - Edexcel GCSE Business

2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.

What is q1?

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A business has revenue of

80{,}000

and cost of sales of

50{,}000

. Calculate its gross profit. [1 mark]

What is q2?

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A machine costs

20{,}000

and earns total profit of

30{,}000

over

5

years. Calculate the average rate of return. [3 marks]

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