Mrs Murray, a tennis enthusiast, flew from South Africa to London to watch Wimbledon, the most famous tennis tournament in the world. She spent four days in London. Cost of the trip: - Non-stop return flight to London: R13 000 - Visa costs: R2 950 - Travel Insurance: R1 456 - Wimbledon package: R37 850 - Included accommodation, meals and Wimbledon tickets She had a total budget of R750 000. Foreign Exchange Rates COUNTRY/ REGION CURRENCY CODE BANK BUYING RATE (BBR) BANK SELLING RATE (BSR) Britain GBP 19.23 20.42 Europe EUR 16.75 17.22

NSC Tourism Domestic, Regional, and International Tourism: Mrs Murray, a tennis enthusiast,

Mrs Murray, a tennis enthusiast, flew from South Africa to London to watch Wimbledon, the most famous tennis tournament in the world - NSC Tourism - Question 3 - 2022

Question 3

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Mrs Murray, a tennis enthusiast, flew from South Africa to London to watch Wimbledon, the most famous tennis tournament in the world. She spent four days in London. ... show full transcript

Worked Solution & Example Answer:Mrs Murray, a tennis enthusiast, flew from South Africa to London to watch Wimbledon, the most famous tennis tournament in the world - NSC Tourism - Question 3 - 2022

Step 1

Give the name of the currency Mrs Murray needed for her trip to London.

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Answer

The currency Mrs. Murray needed for her trip to London is the Great British Pound (GBP).

Step 2

Calculate the total cost in South African rand of Mrs Murray's trip to Wimbledon.

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Answer

To calculate the total cost in South African rand:

Total Cost = R13 000 (flight) + R2 950 (visa) + R1 456 (insurance) + R37 850 (Wimbledon package)

Total Cost = R55 256.

Step 3

Refer to the amount in QUESTION 3.1.2 and to her total budget for the trip.

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Answer

Mrs. Murray had a total budget of R750 000. The total cost of her trip calculated in 3.1.2 was R55 256.

Remaining Amount = R750 000 - R55 256 = R694 744.

Step 4

Mrs Murray had sufficient spending money while visiting London. Do you agree with the statement above? Give TWO reasons for your answer.

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Answer

Yes, I agree that Mrs. Murray had sufficient spending money while visiting London.

Firstly, after calculating her total expenses, she had R694 744 remaining, which is more than adequate for spending during her short four-day stay.

Secondly, the amount left can comfortably cover additional costs such as dining, shopping, or any other expenses she might incur.

Step 5

Convert the total cost of the tour in QUESTION 3.1.2 to the currency used in London.

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Answer

To convert the total cost from South African rand to British Pounds:

Using the bank selling rate of GBP 20.42:

Total Cost in GBP = R55 256 / 20.42 = GBP 2,705.97.

Mrs Murray, a tennis enthusiast, flew from South Africa to London to watch Wimbledon, the most famous tennis tournament in the world - NSC Tourism - Question 3 - 2022

Worked Solution & Example Answer:Mrs Murray, a tennis enthusiast, flew from South Africa to London to watch Wimbledon, the most famous tennis tournament in the world - NSC Tourism - Question 3 - 2022

Give the name of the currency Mrs Murray needed for her trip to London.

Calculate the total cost in South African rand of Mrs Murray's trip to Wimbledon.

Refer to the amount in QUESTION 3.1.2 and to her total budget for the trip.

Mrs Murray had sufficient spending money while visiting London. Do you agree with the statement above? Give TWO reasons for your answer.

Convert the total cost of the tour in QUESTION 3.1.2 to the currency used in London.

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