A-level Paper 1, June 2018Markets and Business Behaviour
A-level Paper 1, June 2018, Q2(a)
Calculate the weekly revenue received by Camelot after paying the tax to the government. You are advised to show your working.
Short answerCalculate2 marks
Context
The number of individual weekly ticket sales from UK National Lottery games operated by Camelot was 73 million in the financial year 2015–2016. The sale price of each lottery ticket was £2. This figure included 24 pence of tax revenue on each ticket sold.