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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

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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, he... show full transcript

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

Step 1

Which month is covered by this statement?

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Answer

The month covered by this statement is December. This is the twelfth month of the year, indicating the final billing period for the year.

Step 2

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

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Answer

The member had to pay R445,10 to the supplier because the overall limit for reimbursement as per the medical aid plan was exceeded. This amount was thus paid out of pocket.

Step 3

Write down the name of the general practitioner visited.

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Answer

The name of the general practitioner visited is Dr Dhlamini.

Step 4

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

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Answer

To calculate the new price:

  1. Let the original price be R736,90.
  2. Find the increase: Increase = Original Price × Percentage Increase = R736,90 × rac{6.3}{100} = R46,42.
  3. New Price = Original Price + Increase = R736,90 + R46,42 = R783,32.

Step 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.

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Answer

The total amount of tax claimable is R326,66. Thus, if R445,10 was paid to the supplier, the tax on this amount is:

Tax = 445,10 - 326,66 = R118,44.

Step 6

State the term debit within the context of the statement.

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Answer

In the context of the statement, a debit refers to the amount of money that the member is obliged to pay back directly to the supplier, indicating that the funds from the medical scheme were insufficient.

Step 7

Show how the total amount of R479,75 was calculated.

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Answer

To calculate the total amount of R479,75:

Total = R173,03 + R117,44 + R61,50 + R46,80. This includes all medical services and products received by Mrs. Chan, summing to R479,75.

Step 8

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

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Answer

The exchange rate between the Botswana pula (BWP) and the South African rand (ZAR) is 1 BWP = 1.253475 ZAR.

Step 9

List the currencies which are weaker than the ZAR.

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Answer

The currencies which are weaker than the ZAR are:

  • Brazilian real
  • British pound
  • Mauritian rupee
  • Japanese yen

Step 10

Convert R13,00 into BWP

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Answer

To convert R13,00 into BWP:

Amount in BWP = Amount in ZAR / Exchange Rate = R13,00 / 1.253475 = BWP10,37.

Step 11

Calculate the total number of UTMs sold if a total profit of BWP7526 was made.

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Answer

To find the total number of UTMs sold:

Profit = (Selling Price - Cost Price) × Number Sold BWP7526 = (BWP4,98 - BWP10,37) × Number Sold

Solving for Number Sold gives: Number Sold = 7526 / (4,98 - 10,37) = 200.

Step 12

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

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Answer

Given a profit-sharing ratio of 3:2, Errol's share can be calculated as follows:

Errol's Share = (Total Profit) × (Errol's Share Ratio)/(Total Ratio) = BWP7526 × (2/5) = BWP3010,40.

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