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Tyrone buys chocolates in bulk to make gift baskets containing different chocolate bars to sell - NSC Mathematical Literacy - Question 1 - 2017 - Paper 1

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Question 1

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Tyrone buys chocolates in bulk to make gift baskets containing different chocolate bars to sell. He buys boxes that contain bars of Peppermint Crisp, Bar-One, Kit Ka... show full transcript

Worked Solution & Example Answer:Tyrone buys chocolates in bulk to make gift baskets containing different chocolate bars to sell - NSC Mathematical Literacy - Question 1 - 2017 - Paper 1

Step 1

1.1.1 Determine the total price of a box with Peppermint Crisp bars

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Answer

To calculate the total price for a box containing 40 Peppermint Crisp bars, use the formula: Total Price = Unit Price × Quantity.

Given the unit price is R8,70 and there are 40 bars:

extTotalPrice=R8,70imes40=R348,00 ext{Total Price} = R8,70 imes 40 = R348,00

Step 2

1.1.2 Explain the term profit

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Answer

Profit can be defined as the financial gain obtained when the selling price of a product exceeds its cost price. In simpler terms, it is the amount that remains after all costs are deducted from the income generated by selling goods or services. A profit can be expressed with the formula:

extProfit=extSellingPrice−extCostPrice ext{Profit} = ext{Selling Price} - ext{Cost Price}

Step 3

1.1.3 Determine the amount added to the cost price of Kit Kat bars

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Answer

To find the amount added when Tyrone increases the cost of the Kit Kat bars by 40%, first calculate 40% of the cost price:

extAmountAdded=R435,40imes0.40=R174,16 ext{Amount Added} = R435,40 imes 0.40 = R174,16

Step 4

1.1.4 (a) Determine the total cost price of the gift basket

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Answer

To calculate the total cost price of the gift basket, sum all the individual costs together:

extTotalCostPrice=R10,04+R8,70+R20,66+R6,73+R29,99=R76,12 ext{Total Cost Price} = R10,04 + R8,70 + R20,66 + R6,73 + R29,99 = R76,12

Step 5

1.1.4 (b) Determine the selling price of each gift basket

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Answer

To find the selling price for each gift basket, divide the total income by the number of baskets sold:

ext{Selling Price per Basket} = rac{R22 770}{230} = R99,00

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