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Rugby ShirtsWALES
£12 each
Rugby ShirtsSCOTLAND
£12 each
Rugby ShirtsIRELAND
£12 each
The business buys the rugby jerseys for £12 each…
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WelshRugby Shirts
£12 each£30.00
It sells each rugby jerseys for £30…
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£30.00
5000sold in a year
During the year it has sold 5000
jerseys…
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The shop has running costs of £40,000 per year for wages, rent, insurance, advertising etc.
££
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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?
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1. What was the turnover in the year?
Sold for
£30
Sold for
£30
5,000
Hint
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2. What was the cost of goods sold during the year?
Bought for
£12
Bought for
£12
5,000
Hint
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3. What was the gross profit made in the year ?
Hint
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4. What was the gross profit %?
Hint
100
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5. What was the net profit in the year?
Running costs
Hint
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6. What was the net profit %?
100
Hint
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7. What was the fixed cost for the year?
Hint
££
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