1.1 Ben buys a bicycle on lay-by for R3 200 - NSC Mathematical Literacy - Question 1 - 2017 - Paper 1
Question 1
1.1 Ben buys a bicycle on lay-by for R3 200. He pays a deposit of R750 and afterwards chose to pay R300 monthly to cover the balance.
1.1.1 Express the deposit as a... show full transcript
Worked Solution & Example Answer:1.1 Ben buys a bicycle on lay-by for R3 200 - NSC Mathematical Literacy - Question 1 - 2017 - Paper 1
Step 1
1.1.1 Express the deposit as a percentage of the purchase price.
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Answer
To express the deposit as a percentage of the purchase price, we use the formula:
Purchase PriceDeposit×100=3200750×100=23.44%
Step 2
1.1.2 Determine the balance, after the deposit has been paid.
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Answer
The balance after the deposit has been paid can be calculated as:
Balance=Purchase Price−Deposit=3200−750=2450
Step 3
1.1.3 Determine the total amount paid after the deposit and five instalments have been paid.
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Answer
To find the total amount paid, add the deposit and the total of the five monthly instalments:
Total Paid=Deposit+5×Monthly Payment=750+5×300=2250
Step 4
1.2.1 Calculate the rate (in cents) for the tariffs charged for the 50 Kwh of electricity.
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Answer
To calculate the rate in cents, we convert R0.8865 to cents:
Rate in cents=0.8865×100=88.65 cents
Step 5
1.2.2 Calculate the total amount charged for the 50 Kwh of electricity.
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The total amount charged can be calculated by multiplying the rate by the amount of electricity bought:
Total Amount=50×0.8865=R44.33
Step 6
1.2.3 Write the abbreviation VAT out in full.
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VAT stands for Value Added Tax.
Step 7
1.3.1 Determine the time when he goes off duty.
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Answer
The time when he goes off duty can be calculated as follows: