Price Increase Worksheet - Profit & Loss Account Simulation [Virtual Learning Arcade]

A worksheet looking at the impact on the profit and loss account of increasing prices in the profit and loss account simulation which is part of the Virtual Learning Arcade.

The Profit & Loss Account

The aim of these question is to assess how an increase in price will impact on the profit & loss account.

What should happen to net profit if the price of the good increases?(select one answer)

(a) * increase
(b) * decrease
(c) * remain the same



What is the impact of an increase in price to £9.40 on the profit & loss account? Try This

(Type your answer to the previous question in the box below, then click on explain)


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