Econ Pty Ltd Produced and Sold 45 000 Units of a Single

question 24

Multiple Choice

Econ Pty Ltd produced and sold 45 000 units of a single product last year. Data concerning the year's profit and loss statement is as follows:
Assuming sales revenue increases by 15 per cent, what will be the percentage increase in profit before income tax?

• A) 15%
• B) 45%
• C) 60%
• D) 75%

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Definitions:

Civil Citizenship

The status and rights accorded to an individual within a state, including civil liberties, political rights, and the obligation to follow the law.

Economic Citizenship

A concept related to how citizens engage with the economic system of their country, including the rights and responsibilities that come with this engagement.

Political Citizenship

The status of being a member of a state or nation, including the rights, duties, and privileges associated with that membership.

Absolute Deprivation

A condition characterized by the inability to meet basic needs for food, clothing, and shelter.