AQA Business Studies Unit 2 Thursday 4th June 2015

ah1998

I've been speaking to class mates and we all have conflicting answers for question 1 net profit margin in the unit 2 business exam since if I can remember correctly it stated that that the ticket price of £6.30 was what they had been charging for 2014 season instead of the previous price of £5.50. I got around 14% net profit just interested to see what others put

It was 1.45%

200,000 net profit
---------------------- X 100 = 1.45
total revenue (forgot what this was)

It was £5.50 for 2014 although they were thinking of increasing it by 15%! (ticket price)

Reply 21

Ual12

6

Original post by WillGibb

I've been speaking to class mates and we all have conflicting answers for question 1 net profit margin in the unit 2 business exam since if I can remember correctly it stated that that the ticket price of £6.30 was what they had been charging for 2014 season instead of the previous price of £5.50. I got around 14% net profit just interested to see what others put

I got the same as you,i had 14.4%. I checked quite a few times, it did say on the paper that they increased prices to £6.33 from £5 and this was the price charged throughout 2014 right? Or did i just misread it...

Reply 22

Invest

14

how many marks would you get if you got to 200,000. And also never put the net profit margin formula on? 4/6???

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Reply 23

sjauhavd

We agreed it was 1.45%? 14% sounds way to high...

Reply 24

Rahulahuja

2

Original post by Ual12

I got the same as you,i had 14.4%. I checked quite a few times, it did say on the paper that they increased prices to £6.33 from £5 and this was the price charged throughout 2014 right? Or did i just misread it...

You misread the case study I am 100% sure the current price was 5.50 they were planning to increase it by 15% to 6 something and then they also mentioned the industrial average of 6.70 this was there to be used as a application in ur long mark answers the correct answer for net profit margin was 1.45% this is sensible and correct because the profitability was declining and if u read the case study properly u would have noticed it was 3. Something for 2013 net profit margin therefore it can't go straight to 14.

Reply 25

duncanisthebest

stupid business students!!!!!!!!

Reply 26

Rahulahuja

2

Original post by duncanisthebest

stupid business students!!!!!!!!

Oh yeah ? Who are you a foundation or a ESOL student?

I do physics biology accounting business ICT And statistics it's double the amount of workload then u have idiot kid

Reply 27

Anster789

for the calculation I did everything right with all working and put 1.46% rather than 1.45 because my calculator showed 1.45recurring so I rounded it? would still be correct right?

Reply 28

Heathert96

2

For the net profit margin Q the 2014 price was 5.50 and the 2015 price was 6.33
You had to use 5.50 as you only had sales figures for 2014.

It was 1.45% basically

Reply 29

Krisq123

How did everyone find the rest of the paper? I found it very difficult and struggled with the influences on the promotional mix question

Reply 30

geeee11

3

Original post by Krisq123

How did everyone find the rest of the paper? I found it very difficult and struggled with the influences on the promotional mix question

That question was worded really poorly. I had to keep reading it and then just started writing because I didn't want to run out of time.

The rest of the paper was good - I liked the second half better than the first half though as the questions were more clear

Reply 31

WillGibb

1

I swear they said the increased price by 15% was to be charged throughout the 2014 season hence why the question highlighted 2014 but whatever, If I was wrong I will only lose a couple of marks due to working marks - rest of the paper went well though yes that promotional mix question was worded quite poorly.

Reply 32

nadra227

Thanks for that comment i actually revised it and it came up

Reply 33

Beales_96

The price was £5.50 they were talking about changing the price but it wasn't confirmed. The net profit margin was 1.45%

Reply 34

Asis Rai

2

Original post by WillGibb

I've been speaking to class mates and we all have conflicting answers for question 1 net profit margin in the unit 2 business exam since if I can remember correctly it stated that that the ticket price of £6.30 was what they had been charging for 2014 season instead of the previous price of £5.50. I got around 14% net profit just interested to see what others put

The right answer was 1.45% because the question asked to calculate profit margin of 2014 and did not say to use £6.30 ... i mistakenly wrote - 1.45% and i am feeling so dumb and frustrated right now

Reply 35

rach.woodward

1

Original post by Asis Rai

The right answer was 1.45% because the question asked to calculate profit margin of 2014 and did not say to use £6.30 ... i mistakenly wrote - 1.45% and i am feeling so dumb and frustrated right now

Would you get the marks for putting 1.45 with the recurring symbols?

Reply 36

Asis Rai

2

Original post by rach.woodward

Would you get the marks for putting 1.45 with the recurring symbols?

yeah i think so ... even if u don't u might only lose about 1 mark but i gave a wrong answer so i will only get 3 marks max for showing steps and formula

Reply 37

Asis Rai

2

Original post by Asis Rai

yeah i think so ... even if u don't u might only lose about 1 mark but i gave a wrong answer so i will only get 3 marks max for showing steps and formula

ran out of time for the second section so had to rush section b and i did not even read the case study throughly. i had 20 mins to finish section b + read the case study and i rushed everything i think overall i will end up with a C or a D ... hopefully not a U man that will be the end of me.

How did you do?

Reply 38

JordanD19

Price of ticket was £5.50 and quantity was 2.5m giving revenue of £13.75m. Costs was £13.55m leaving profit of £200,000. Then £200,000/£13.75m x100= 1.45%

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Reply 39

frank77

Mind blank- what was the second case study about? ( as in what product was being sold )

AQA Business Studies Unit 2 Thursday 4th June 2015

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