A-level Paper 1, June 2017Markets and Business Behaviour

A-level Paper 1, June 2017, Q2(b)

Calculate the change in total sales revenue for UK tea retailers between 2010 and 2015. You are advised to show your working.

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Context

Between 2010 and 2015 the average price of tea in the UK increased from £7.20 per kilo to £8.48 per kilo. Over the same period the quantity of tea purchased fell from 97 million kilos to 76 million kilos.

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