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3.1.1 Give the name of the currency Mrs Murray needed for her trip to London - NSC Tourism - Question 3 - 2022

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3.1.1 Give the name of the currency Mrs Murray needed for her trip to London. 3.1.2 Calculate the total cost in South African rand of Mrs Murray's trip to Wimbledon... show full transcript

Worked Solution & Example Answer:3.1.1 Give the name of the currency Mrs Murray needed for her trip to London - NSC Tourism - Question 3 - 2022

Step 1

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

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Answer

The currency needed for her trip to London is the Great British Pound, often represented by the symbol £.

Step 2

3.1.2 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, we sum up all expenses:

  • Non-stop return flight: R13 000
  • Visa costs: R2 950
  • Travel Insurance: R1 456
  • Wimbledon package: R37 850

Total cost = R13 000 + R2 950 + R1 456 + R37 850 = R55 256.

Step 3

3.1.3 Refer to the amount in QUESTION 3.1.2 and to her total budget for the trip. Calculate the amount in rand she had available to spend in London.

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Answer

Mrs. Murray had a total budget of R75 000. By subtracting the total cost of the trip (R55 256):

Amount available = R75 000 - R55 256 = R19 744.

Step 4

3.1.4 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 with the statement for the following reasons:

  1. All major expenses were covered, which means Mrs. Murray did not have financial constraints during her stay.
  2. The amount of R19 744 available for spending in London is reasonable for a four-day stay, allowing her to enjoy activities and purchases.

Step 5

3.1.5 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 of R55 256 to British Pounds, we use the bank selling rate of R20.42:

Total cost in GBP = R55 256 ÷ 20.42 = GBP 2 705.97.

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