Test

Profitability basics

This test evaluates how well you know your way around basic economic terms. Every graduate of an economics university should score 100 % on this test.

1/11 A baker sells rolls to a supermarket for 1.6 Kč apiece. The supermarket then sells them for 2.9 Kč. From the supermarket's point of view, what does the price difference represent?
2/11 A company sells a product for 120 Kč, while the purchase price was 100 Kč. The difference between these amounts is:
3/11 If the supermarket gives a 10 % discount on rolls it normally sells for 2.9 Kč, what will the price of a roll be after the discount?
4/11 Goods originally cost 500 Kč, but after a 10% discount they sell for 450 Kč. This is:
5/11 Today the average price of a block of butter is 41 Kč including 15% VAT. If VAT drops to 12 %, what will the total price with VAT be?
6/11 You sell a product for 123 Kč with VAT. VAT makes up 21 % within this price. What is the price without VAT?
7/11 You agree with a business partner to sell purchased goods at a price 30 % higher. The purchase price of the goods will be 1000 Kč, what will their selling price be?
8/11 A 15% discount on a product priced at 1000 Kč. What is the final price?
9/11 A baker has fixed costs (e.g. rent, energy) of 10,000 Kč a month and the variable cost of producing one roll is 0.6 Kč. How many rolls must he sell to reach the break-even point, if their selling price is 1.6 Kč?
10/11 If a supermarket sells 20,000 rolls a month and has total monthly expenses of 50,000 Kč (these are expenses connected with storing and selling the rolls and other related overheads), what is the supermarket's cash flow from selling rolls, if one costs 2.9 Kč?
11/11 At IBM, an annual bonus of 250,000 Kč was split between three managers: Manager A, Manager B and Manager C. The split was based on their performance and contribution to the company over the past year. For every 3 Kč Manager A received, Manager B got 4 Kč. Further, for every 5 Kč Manager B received, Manager C got 7 Kč. How was the bonus split between the three managers, and which of them received the most?

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