Bece Model Questions Vol1 2017 Business Studies Question 1

Practice practical question 1 from the 2017 Bece Model Questions Vol1 Business Studies examination. This question covers Introduction to Business .

Bece Model Questions Vol1 2017 Business Studies Practical
Topic: Introduction to Business
Question 1 BECE_MODEL_QUESTIONS_VOL1 • 2017 • BUSINESS_STUDIES • practical

A small retail shop sells two products, namely Product A and Product B. The shopkeeper recorded the following information for the month of March: | Product | Quantity sold | Selling price per unit (₦) | Cost price per unit (₦) | |---------|---------------|----------------------------|--------------------------| | A | 150 | 2,500 | 1,800 | | B | 80 | 3,200 | 2,500 | Using the data above, answer the following:

Question Parts

( a )
Calculate the total sales revenue for each product.
( b )
Determine the gross profit for each product. (Gross profit = (Selling price – Cost price) × Quantity sold)
( c )
Find the overall gross profit for the shop for the month.

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This is Bece Model Questions Vol1 2017 Business Studies Question 1. It is one of the practical questions from the 2017 Bece Model Questions Vol1 Business Studies examination.

The question covers Introduction to Business .

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