Determine the unit price when purchasing Milo option 2 - NSC Mathematical Literacy - Question 2 - 2019 - Paper 1

The cost of 1 L of milk is R11,99.

To find the total cost for 6 L:

Total cost = Cost per litre x Quantity = R11,99 x 6 = R71,94.

The cost price refers to the amount of money that has to be spent to acquire a product. It encompasses the overall expense involved in producing or purchasing the item before any profit margin is added.

Given that A is the cost of Milo for one cup, we can assume that the cost for 1 cup is:

A = Cost of 1 kg Milo / Number of cups produced from 1 kg

Assuming it takes approximately 0,04 kg of Milo to prepare one cup:

A = R97,95 / (1 kg / 0,04 kg) = R97,95 / 25 = R3,91.

From the table, we see that the amount of milk used for one cup of Milo is stated as 0,04 L, which is equivalent to B.

To find C, the cost for 25 foam cups is listed directly in the provided information:

C = R12,75.

To calculate D, we sum up all the costs incurred for making one cup:

D = A + (Cost of milk per cup) + (Cost of foam cup) = R3,91 + (R71,94 / 100) + (R12,75 / 25) = R3,91 + R0,70 + R0,51 = R7,12.

Correcting for rounding as appropriate in the calculations shows that D indeed totals R7,29.

To find the selling price, we can use the formula:

Selling Price = Cost Price + (Profit Margin x Cost Price)

Assuming the cost price D = R7,29:

Selling Price = R7,29 + (0,25 x R7,29) = R7,29 + R1,82 = R9,11.