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GCSE Business StudiesKey Terms in Finance Rugby Shirts WALES £12 each Rugby Shirts SCOTLAND £12 each Rugby Shirts IRELAND £12 each The business buys the.

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Presentation on theme: "GCSE Business StudiesKey Terms in Finance Rugby Shirts WALES £12 each Rugby Shirts SCOTLAND £12 each Rugby Shirts IRELAND £12 each The business buys the."— Presentation transcript:

1 GCSE Business StudiesKey Terms in Finance Rugby Shirts WALES £12 each Rugby Shirts SCOTLAND £12 each Rugby Shirts IRELAND £12 each The business buys the rugby jerseys for £12 each…

2 GCSE Business StudiesKey Terms in Finance Welsh Rugby Shirts £12 each £30.00 It sells each rugby jerseys for £30…

3 GCSE Business StudiesKey Terms in Finance £30.00 5000 sold in a year During the year it has sold 5000 jerseys…

4 GCSE Business StudiesKey Terms in Finance The shop has running costs of £40,000 per year for wages, rent, insurance, advertising etc. £

5 GCSE Business StudiesKey Terms in Finance What was the price paid for each jersey? What was the selling price of each jersey? How many jerseys were sold per year? What were the running costs of the business? How much do you remember?

6 GCSE Business StudiesKey Terms in Finance 1. What was the turnover in the year? Sold for £30 Sold for £30 5,000 Hint

7 GCSE Business StudiesKey Terms in Finance 2. What was the cost of goods sold during the year? Bought for £12 Bought for £12 5,000 Hint

8 GCSE Business StudiesKey Terms in Finance 3. What was the gross profit made in the year ? Hint

9 GCSE Business StudiesKey Terms in Finance 4. What was the gross profit %? Hint 100

10 GCSE Business StudiesKey Terms in Finance 5. What was the net profit in the year? Running costs Hint

11 GCSE Business StudiesKey Terms in Finance 6. What was the net profit %? 100 Hint

12 GCSE Business StudiesKey Terms in Finance 7. What was the fixed cost for the year? Hint £

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