Question 2

Profit = Total Revenue – Total Costs
= £92,000 - £68,000 = £24,000
Profit = £24,000 – 3 marks
If have the right figures but have miscalculated the final figure – 2 marks
If missing the £ sign – 2 marks
If they have identified the correct equation – 1 mark
If they have identified the costs and revenue figures – 1 mark