NSC Mathematical Literacy Banking, interest and tax: Mrs Chan, a teacher from Brakpan

Question

Mrs Chan, a teacher from Brakpan, received a monthly statement from GEMS (Government Employee Medical Scheme), as shown in ANNEXURE A. Mrs Chan has one dependent, her son Lee, on her medical aid.

Use ANNEXURE A to answer the questions that follow:

2.1.1 Which month is covered by this statement?  
2.1.2 State why the member had to pay R445,10 to the supplier.  
2.1.3 Write down the name of the general practitioner visited.  
2.1.4 Calculate the new price of the acute medication (under the tariff code) if the price increased by 6,3%.  
2.1.5 Calculate the total amount of tax claimable in the previous statements if the tax claimable is the amount paid by the member directly to the supplier.  
2.1.6 Show the term debit within the context of the statement.  
2.1.7 How the total amount of R479,75 was calculated.

John is interested in running a small internet station in a coffee shop. He searches the

2.3 John told his friend Errol, who lives in Botswana, about the profit he made when he sold the ultra-thin mouse (UTM).

Errol decided to join John as a business partner.

John and Errol then decided to share their profit in the ratio 3 : 2.

TABLE 1 below shows the currency conversion factors for a few of the currencies in terms of the South African currency on 7 January 2018.

TABLE 1: CURRENCY CONVERSION FACTORS  
CURRENCY                    UNITS PER ZAR         ZAR PER UNIT  
Algerian dinar                 9,546785                  0,104747  
Botswana pula(BWP)      0,797782                  1,253475  
Brazilian real                  0,262231                  3,318534  
British pound                 0,276789                  3,607330  
Mauritian rupee            2,776879                  0,366722  
Japanese yen                9,111043                  0,109757

Use the table and the information above to answer the questions that follow.

2.3.1 Write down the exchange rate between the Botswana pula (BWP) and the South African rand (ZAR).  
2.3.2 List the currencies which are weaker than the ZAR.  
2.3.3 Each mouse costs R13,00 and is sold for BWP48,  
(a) Convert R13,00 into BWP  
(b) Calculate the total number of UTMs sold if a total profit of BWP526 was made.

2.3.4 Calculate the amount (in BWP) that Errol will receive if a total profit of BWP7526 was made.

Mrs Chan, a teacher from Brakpan, received a monthly statement from GEMS (Government Employee Medical Scheme), as shown in ANNEXURE A - NSC Mathematical Literacy - Question 2 - 2018 - Paper 1

Worked Solution & Example Answer:Mrs Chan, a teacher from Brakpan, received a monthly statement from GEMS (Government Employee Medical Scheme), as shown in ANNEXURE A - NSC Mathematical Literacy - Question 2 - 2018 - Paper 1

Which month is covered by this statement?

State why the member had to pay R445,10 to the supplier.

Write down the name of the general practitioner visited.

Calculate the new price of the acute medication (under the tariff code) if the price increased by 6,3%.

Calculate the total amount of tax claimable in the previous statements if the tax claimable is the amount paid by the member directly to the supplier.

Show the term debit within the context of the statement.

How the total amount of R479,75 was calculated.

Write down the exchange rate between the Botswana pula (BWP) and the South African rand (ZAR).

List the currencies which are weaker than the ZAR.

Convert R13,00 into BWP

Calculate the total number of UTMs sold if a total profit of BWP526 was made.

Calculate the amount (in BWP) that Errol will receive if a total profit of BWP7526 was made.

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