ANSWERS TO QUICK QUIZ FROM OUR NEWSLETTER – MAY 2015:
Q1: A widget cost me €75 and I sell it for €150, what is my gross profit margin?
A. 75%
B. 50% ?
C. 100% – This is my Mark Up
Q2: I need short term finance (2 weeks) to buy stock. Which of these is the cheapest option?
A. Credit Card ? – Free to you if paid back on time
B. Short Term Loan – Set-up fees
C. Overdraft – High interest
Were you able to answer with little hesitation?
If you have a question on any area of business management or financials, click here to contact us – we’re always glad to help!
