Lesson 1.3.2b
1.3.2b Profit, loss and interest Quiz: Pearson Edexcel Business, Unit 3
20 questions
In partnership with Revision Ninja
Lesson 1.3.2b, Profit, loss and interest: 20 multiple choice questions for the Pearson Edexcel GCSE Business (1BS0), Unit 3: Putting a business idea into practice, written with Revision Ninja.
Host it live on the board and students join with a game code on their own devices, or revise alone with Free Play. The answers are revealed in the game.
The 20 questions
-
Revenue is £12,000 and total costs are £9,500. What is the business's result?
- A profit of £21,500
- A loss of £21,500
- A loss of £2,500
- A profit of £2,500
-
Revenue is £8,000 and total costs are £9,500. What is the business's result?
- A loss of £17,500
- A profit of £1,500
- A loss of £1,500
- A profit of £17,500
-
Revenue is £25,000 and total costs are £18,000. What is the business's result?
- A profit of £7,000
- A profit of £43,000
- A loss of £43,000
- A loss of £7,000
-
Revenue is £4,000 and total costs are £4,600. What is the business's result?
- A profit of £8,600
- A profit of £600
- A loss of £600
- A loss of £8,600
-
Revenue is £30,000 and total costs are £22,500. What is the business's result?
- A loss of £7,500
- A profit of £52,500
- A profit of £7,500
- A loss of £52,500
-
What is the business result when revenue equals £9,000 and total costs equal £9,000?
- Insolvency
- Net loss
- Net profit
- Break-even
-
A business borrows £10,000 and repays £11,200 in total. What is the interest rate on the loan?
- 112%
- 6%
- 12%
- 11%
-
A business borrows £5,000 and repays £5,750 in total. What is the interest rate on the loan?
- 115%
- 13%
- 8%
- 15%
-
A business borrows £20,000 and repays £23,000 in total. What is the interest rate on the loan?
- 13%
- 15%
- 8%
- 115%
-
A business borrows £8,000 and repays £8,800 in total. What is the interest rate on the loan?
- 9%
- 5%
- 10%
- 110%
-
What best describes interest charged on a business loan?
- Shareholder dividend
- Cost of borrowing
- Supplier rebate fee
- Government tax levy
-
What is the financial status of a firm with £15,000 revenue and £15,000 costs?
- Making a loss
- Entering administration
- Breaking even
- Making a profit
-
Revenue is £18,000 and total costs are £12,500. What is the profit?
- £5,500
- £30,500
- £11,000
- £12,500
-
Revenue is £6,500 and total costs are £7,800. What is the loss?
- £7,800
- £1,300
- £14,300
- £2,600
-
Revenue is £42,000 and total costs are £39,000. What is the profit?
- £6,000
- £3,000
- £39,000
- £81,000
-
What is the financial position if revenue and total costs both equal £11,000?
- Break-even
- Bankrupt
- Profitable
- Liquidated
-
Revenue is £7,600 and total costs are £5,400. What is the profit?
- £4,400
- £13,000
- £2,200
- £5,400
-
Revenue is £15,500 and total costs are £21,000. What is the loss?
- £36,500
- £21,000
- £5,500
- £11,000
-
Revenue is £23,000 and total costs are £17,250. What is the profit?
- £17,250
- £40,250
- £11,500
- £5,750
-
Revenue is £9,400 and total costs are £10,100. What is the loss?
- £19,500
- £10,100
- £700
- £1,400
Related quizzes
- Financial aims and objectives when starting up Quiz · 1.3.1a · 20 questions
- Non-financial aims and objectives and why they differ Quiz · 1.3.1b · 20 questions
- Revenue, fixed costs, variable costs and total costs Quiz · 1.3.2a · 20 questions
- Break-even output and margin of safety Quiz · 1.3.2c · 20 questions
- Interpreting break-even diagrams Quiz · 1.3.2d · 20 questions
- Importance of cash and the difference between cash and profit Quiz · 1.3.3a · 20 questions
- Cash-flow forecasts: inflows, outflows, net cash flow and balances Quiz · 1.3.3b · 20 questions
- Short-term sources: overdraft and trade credit Quiz · 1.3.4a · 20 questions
- Long-term sources of finance for a start-up or small business Quiz · 1.3.4b · 20 questions
- Changing technology, changing consumer wants and obsolescence Quiz · 1.1.1a · 20 questions