The table above shows the amount spent by Ace Marketing Consultancy to promote their clients. ‘Marketing’ spend does not include the time of any Ace employees, this is billed separately as ‘Personnel’. Use this information to answer the following questions.
Approximately what percentage of Ace Marketing’s total business is accounted for by their three smallest clients?
Answer: C
Explanation: The total value of Ace’s business is $41,427 (marketing) plus $40,614 (personnel) which gives $82,041. Since we know that Aardvark account for 54% of the business, the quickest way to work out how much the three smallest clients account for is to calculate how much Blue Arrow accounts for ($21,659 which is 26%), add this to the 54% to give 80%, which leaves 20% to be accounted for by the smallest three
Approximately what percentage of Ace Marketing’s total business is for Aardvark Cellular?
Answer: D
Explanation: The total value of Ace’s business is $41,427 (marketing) plus $40,614 (personnel) which gives $82,041. Aardvark Cellular account for (21,340+22,749 =) $44,089. This equates to (44,089/82,041) * 100 = 54%.
If flyers for Aardvark Cellular cost $150 per thousand. Approximately, how many thousand have been produced?
Answer: B
Explanation: Fourteen percent of $21,340 was spent on flyers for Aardvark Cellular. This equates to (21340/100) * 14 = $2,987. If flyers cost $150 per thousand then approximately (2987/150 =) 20,000 have been produced.
If Ace charges their clients cost price plus 20%, how much will they bill Aardvark Cellular for their website?
Answer: A
Explanation: Six percent of $21,340 was spent on the website for Aardvark Cellular. This equates to (21340/100) * 6 = $1,280. If Ace add 20% then they will bill Aardvark for $1,280 * 1.2 = $1,536.
Approximately how much was spent by on brochures for Aardvark Cellular?
Explanation: Twenty two percent of $21,340 was spent on brochures for Aardvark Cellular. This equates to (21340/100) * 22 = $4,694.
