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Dunlop sell 20,000 tennis balls at £2 each

Total revenue will be £ 40,000

Boots sell 26,000 bottles of shampoo at £2.65 each

Total revenue will be £68,900

 

A company makes 50,000 gift bags at a total cost of £17,500. All 50,000 are sold at £1.50 each. Which of the following statements are true?

a.The business’s total revenue is £50,000. False
b.The average cost of making each bag is £0.35. True
c.After subtracting total costs from revenue, the business is left with £57,500. True
d.If the selling price of each bag had been any lower, they would not have made a profit. False
e.The business made a profit of £32,500. False
f.If only 25,000 bags had been sold, the business would not have made a profit. False
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