Bece Model Questions Vol1 2019 Business Studies Question 1

Practice practical question 1 from the 2019 Bece Model Questions Vol1 Business Studies examination. This question covers Introduction to Business .

Bece Model Questions Vol1 2019 Business Studies Practical

Topic: Introduction to Business

Question 1 BECE_MODEL_QUESTIONS_VOL1 • 2019 • BUSINESS_STUDIES • practical

The weekly sales records of GreenLeaf grocery store for the first week of March are shown below. | Product | Quantity sold (units) | Selling price per unit (₦) | Cost price per unit (₦) | |--------------|-----------------------|----------------------------|--------------------------| | Rice | 350 | 250 | 180 | | Beans | 210 | 300 | 210 | | Cooking oil | 120 | 500 | 380 | Using this information, answer the following questions.

Question Parts

( a )

Calculate the total revenue earned by the store for the week.

( b )

Determine the gross profit for each product and the overall gross profit for the week.

( c )

Identify which product contributed the highest percentage to the total gross profit and give one recommendation to the manager based on this information.

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About This Question

This is Bece Model Questions Vol1 2019 Business Studies Question 1. It is one of the practical questions from the 2019 Bece Model Questions Vol1 Business Studies examination.

The question covers Introduction to Business .

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