Exam question help

Aliyah97
Aliyah97 Registered Posts: 22 New contributor 🐸
Hi would someone be able to explain to me how to get the following answers as my calculations are in the thousands not the hundreds?
My calculations are as follows:

Revenue=
4000 x 200 = 800000 but the answer says it should be 800
5000 x 150 (200-25%) = 750000 but the answer says it should be 750
4800 x 120 (200-40%)=576000 but the answer says it should be 576

Variable Costs=
4000 x 75 = 300000 but the answer says it should be 300
5000 x 90 (75+20%) = 45000 but the answer says it should be 450
4800 x 80 (75+5) = 384000 but the answer says it should be 384

Contribution=
Revenue – Variable costs
Fixed costs=
500,000 x 40%=200000 but the answer says it should be 200
500,000 x 35%=175000 but the answer says it should be 175
500,000 x 25%=125000 but the answer says it should be 125


Comments

  • Pian32
    Pian32 Registered Posts: 474 Dedicated contributor 🦉
    The table states the answer is in £000s. This means when reading the answer you'd read it as thousands so 800 reads as 800,000 due to the units displayed. This can sometimes be used for bigger numbers as well such as £m for millions.
    AAT Level 4, MAAT
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  • Aliyah97
    Aliyah97 Registered Posts: 22 New contributor 🐸
    Great thank you
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