Explanation:

Step 1 – sum the Jan -June sales (US) and the July-Dec sales (US) 325.3 + 320 =£645.3 million Step 2 – calculate the difference compared to the US target (£650 million) 650 –645.3 = £4.7 million Step 3 – sum the Jan-June (European) and the July-Dec sales (EU) 445.2 + 454.4 = £899.6 million Step 4 – calculate the difference compared to the European target (£910 million) 910 – 899.6 = £10.4 million Tip: in this question, it would have been possible to answer the question after working out just the US difference, but this is often not the case. Thus the correct answer is £4.7 million (US); £10.4 million (EU)

Explanation:

Step 1 – calculate the EU sales for Products B and C 88.0 + 92.2 + 72.2 + 77.8 = 330.2 (£million) Step 2 – use the ratio to find online sales. online: offline = 2:3 330.2 = 2x + 3x = 5x x = 330.2/5 = 66.04 online sales = 2x = 132.08 Tip: in practice it’s quicker to just multiply 330.2 by (2/5) to obtain the ratio. Thus the correct answer is £132,080,000

Explanation:

Step 1 - Calculate the US sales tax for Products B, C, D combined. US annual sales US Sales tax on first £130 million only Products B, 120.3 + 118.5 + C, D 150.6 = 389.4 130 x 0.24 = 31.2 (£million) Total US sales tax = £31.2 million Step 2 - Calculate the European sales tax EU annual sales EU sales tax Products B, C, D 150 + 180.2 + 203.5 = 533.7 533.7 x 0.22 = 117.414 (£million) Total EU sales tax = £117.414 million Step 3 – calculate the total sales tax 31.2 + 117.414 = 148.614 Tip: notice as long as you check the US sales are over £130 million, you don’t actually have to calculate the total because there is no tax on sales over £130 million. Thus the correct answer is £149 million

Explanation:

Calculate each figure as follows; 77.8 – 72.2 = £5.6 million 76.5 x 0.07 = £5.355 million 78.2 – 72.7 = £5.5 million 50.5 / 6 = £8.42 million 60.5 / 6 = 10.08 million Tip: remember to quickly re- scan the question because some people will put down the LARGEST value (E) not the SMALLEST (B). Thus the correct answer is 7% of Product D’s US sales (Jan-June)

Explanation:

Step 1 – Calculate the new number of company shares 55 x 110% = 60.5 million shares Step 2 – Calculate the new price 300 x 92% = £2.76 Step 3 – Calculate the Company Value £2.76 x 60.5 million = £166.98 million = £167 million (to the nearest million) So the correct answer is £167 million