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QR Challenge: trading profit and loss

QuestionAnswer
selling price per unit £30
they sell 35,000 units per year
they rent a factory for £20,000
utilities bills are £10,000
insurance costs £800 per year
transport costs £15,000 a year
the football boot materials cost £8 per pair
the boot studs and laces cost £8.50 per pair
the packaging and postage costs £3.50
there are 3 workers in the shop
each worker works 15 hours per week
each worker earns £7.50 an hour
each worker works 48 weeks per year
the business also has to pay 25% of the net profit
you calculate the amount of net profit and before they have to pay tax
you calculate the amount of profit earned after paid tax
advertising costs £2350

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