Moonpig doubles Profits. #economics #econ3

The online card retailer has doubled profits in the pandemic to £92 million.  This boost in profits was caused by a boost to revenue up 113% as people purchased cards online due to the pandemic. Revenue increased to £368 million from April 30th 2020 to April 30th 2021.

Questions

1: Calculate revenue for the previous financial year.

2: Draw a diagram showing the rising profit at Moonpig.

Original article from the Guardian https://www.theguardian.com/business/2021/jul/27/moonpig-profits-covid-sales-stock-market?CMP=Share_AndroidApp_Other

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