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QR Challenge: Trading profit and loss

QuestionAnswer
Selling price per unit is £50
They sell 1,000,000 units per year
They pay £15,000 rent per year
They pay £5,000 per utility bills per year
They pay £100 insurance per year
They pay £10,000 transport per year
It costs £1 to build one unit
It costs £1 for decoration of the clock
Delivery costs £15
Post and packaging costs £10
There are 10 workers
They work 25 hours a week
They get £4 per hour
They work 51 weeks a year
They pay 15% tax off the net profit
Calculate net profit before you calculate the tax
calculate the amount of profit earned after they have paid tax
Advertising costs £1,000 per month

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