A business made textsterling20, 000 sales revenue this month. This is expected to increase by 10% next month. Its total costs are estimated to equal 25% of its revenue. The businesss profit for next month is forecast to be:

FINANCIAL TERMINOLOGY

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A business made £20, 000 sales revenue this month. This is expected to increase by 10% next month. Its total costs are estimated to equal 25% of its revenue. The business’s profit for next month is forecast to be:

A	£5, 500
B	£15, 000
C	£16, 500
D	£22, 000

Explanation:

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ECONOMICS

COST ACCOUNTING

FINANCIAL TERMINOLOGY