Loss calculation and recommendation

GCSE · Business Studies · AQA · 3.6.3 — Financial terms and calculations: revenue, fixed and variable costs, total costs, profit and loss, gross profit and net profit; calculation methods

Question

A bakery has monthly revenue of £9,500, variable costs of £3,200 and fixed costs of £7,500. Calculate the net profit/loss and suggest one action to return to profitability.

4 marks · take your time before peeking.

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