Profit Calculation Quiz

What is the profit for the Lawn Mowing business if the charge for service is $60 and the variable cost per customer is $15?

• $45

• $30

• $50

• $40

How do you calculate the profit for a service business?

• Charge for Service - Variable Cost

• Charge for Service + Variable Cost

• Charge for Service x Variable Cost

• Charge for Service / Variable Cost

What is the profit margin for the Lawn Mowing business if the profit is $45 and the charge for service is $60?

• 75%

• 25%

• 50%

• 60%

What is the profit margin for the Dog Walking business if the profit is $8 and the charge for service is $10?

• 80%

• 70%

• 60%

• 50%

Which of the following is a correct formula for calculating profit margin?

• (Profit / Charge for Service) x 100

• (Charge for Service / Profit) x 100

• (Variable Cost / Profit) x 100

• (Profit x Charge for Service) / 100

What is the Profit Margin for the Lawn Mowing business if Service Charge= $60 and Variable Cost per customer= $15

• 75%

• 45%

• 60%

• 15%

If a business has a profit of $30 and a charge for service of $50, what is the profit margin?

• 60%

• 50%

• 40%

• 70%

What is the Profit Margin for the Dog Walking business if Service Charge = $10 and Variable Cost per customer = $2?

• 2%

• 10%

• 8%

• 80%

If a business has a charge for service of $80 and a variable cost of $30, what is the profit?

• $50

• $40

• $60

• $70

If a business has a profit of $50 and a charge for service of $80, what is the profit margin?

• 62.5%

• 50%

• 40%

• 70%