Profit Margins

Profit Margins

Assessment

Assessment

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Religious Studies

9th - 11th Grade

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10 questions

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1.

Multiple Choice

45 sec

1 pt

When is a business making a profit?

When revenues are higher than costs

When revenues equal costs

When revenues are less than costs

2.

Multiple Choice

30 sec

1 pt

What is the definition of Revenue?

Income from the sales of goods and services

Income from the cost of goods and services 

The money made on products

Cash coming into the business from suppliers and customers

3.

Multiple Choice

30 sec

1 pt

How do you calculate Gross Profit Margin?

gross profit / sales (revenue) x 100

gross profit x sales (revenue) / 100

gross profit / sales (revenue) / 100

gross profit x sales (revenue) x 100

4.

Multiple Choice

30 sec

1 pt

How do you calculate Net Profit Margin?

net profit / sales (revenue) x 100

net profit x sales (revenue) / 100

net profit / sales (revenue) / 100

net profit x sales (revenue) x 100

5.

Multiple Choice

30 sec

1 pt

Suppose one year Company A’s REVENUE is 50k and its total EXPENDITURES are 25k making its profit margin ____?

0%

25%

50%

75%

100%

6.

Multiple Choice

30 sec

1 pt

How do you calculate revenue?

sales x price

price x cost

cost + sales

sales - total price

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