Business, 10.03.2021 14:40, Svetakotok

7) Patrick owns a small but successful business selling and fitting bathrooms. He operates from a showroom that costs him £36 000 a year. Last year he fitted 40 bathrooms with an average price of £4 000. His
variable costs are 50% of his selling price.
Calculate:
a.
Patrick's sales revenue
/1 mark
b. Patrick's total variable costs
/1 mark
c. Patrick's total costs
71 mark
d. Patrick's profit
/1 mark
10. What is Patrick's new profit as a percentage of sales revenue?
/3 marks

Answers: 3

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7) Patrick owns a small but successful business selling and fitting bathrooms. He operates from a sh...