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Agent456
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I literally forgot how to do this help?

A fabric printing business, taking orders for bespoke designs on t-shirts, has fixed costs of £1,000 and variable costs of £6.30 per garment

Calculate profit if:
Sales are 1,000 at £10.00 per t-shirt.
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onoma
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1. find the total cost

total fixed costs are £1000
total variable cost = quantity x variable cost per item
total variable cost = 1000 x £6.30
total variable cost = £6300

total costs = total fixed costs + total variable costs
total costs = £1000 + £6300
total costs = £7300

2. find the total revenue

revenue = quantity x selling price of item
revenue = 1000 x £10
revenue = £10000

3. find the profit

profit = total revenue - total cost
profit = £10000 - £7300
profit = £2700
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Agent456
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(Original post by onoma)
1. find the total cost

total fixed costs are £1000
total variable cost = quantity x variable cost per item
total variable cost = 1000 x £6.30
total variable cost = £6300

total costs = total fixed costs + total variable costs
total costs = £1000 + £6300
total costs = £7300

2. find the total revenue

revenue = quantity x selling price of item
revenue = 1000 x £10
revenue = £10000

3. find the profit

profit = total revenue - total cost
profit = £10000 - £7300
profit = £2700
Thanks
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onoma
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(Original post by Agent456)
Thanks
np glad it helped x
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