Question 1: A shop sells a jacket for £50. It costs the shop £30 to buy the jacket. What is the profit made on each jacket?

Answer: Profit per jacket = Selling price (£50) - Cost (£30) = £20.

Question 2: A business earns £400 in revenue in one week and spends £250 on expenses. What is the profit for that week?

Answer: Profit = Revenue (£400) - Expenses (£250) = £150.

Question 3: A company wants to increase its sales from £1,000 to £1,200. What is the percentage increase in sales?

Answer: Percentage increase = [(New sales - Old sales) / Old sales] × 100 = [(£1,200 - £1,000) / £1,000] × 100 = 20%.

Question 4: A product costs £25 to produce. The business wants to sell it with a 40% profit margin. What should be the selling price?

Answer: Selling price = Cost + (Profit margin × Cost) = £25 + (0.40 × £25) = £25 + £10 = £35.

Question 5: A business has total costs of £8,000 and total sales of £12,000. What is the business's profit?

Answer: Profit = Total sales (£12,000) - Total costs (£8,000) = £4,000.

Question 6: A business's expenses are £2,500 and its revenue is £4,000. Calculate the profit margin as a percentage.

Answer: Profit margin = (Profit / Revenue) × 100 = (£4,000 - £2,500) / £4,000 × 100 = (£1,500 / £4,000) × 100 = 37.5%.

Question 7: Draw a simple bar graph showing the sales of three products in units: Product A: 50 units, Product B: 75 units, Product C: 100 units. Leave space for the bars and axes.

Answer: A correct sketch would include three bars of different heights proportional to the units, labeled with product names, and axes with appropriate scale.

Question 8: If a business spends £200 on advertising and makes a profit of £600, what is the total revenue if the costs are £400?

Answer: Revenue = Profit + Costs + Advertising = £600 + £400 + £200 = £1,200.

Question 9: A store offers a 25% discount on a jacket originally priced at £80. What is the sale price after the discount?

Answer: Discount amount = 25% of £80 = 0.25 × £80 = £20. Sale price = £80 - £20 = £60.

Question 10: Sketch a pie chart divided into four sections representing sales proportions: 40%, 25%, 20%, and 15%. Label each section accordingly.

Answer: A correct sketch would be a circle divided into four sectors with angles proportional to the percentages, labeled with each percentage.