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Question 2
Quick revise
3 marks
Content - 1 mark
Application - 2 marks
Content - 1 mark - identifies the correct figures - 19800 and £12300
or gives a definition of profit, or states the equation for profit = total revenue - total costs
Application
1 mark - puts £19800 and £12300 together
2 marks - correctly calculates profit = 7500
