Angie is planning a presentation evening - OCR - GCSE Maths - Question 15 - 2019 - Paper 1
Question 15
Angie is planning a presentation evening.
She writes down her costs and income.
Costs
10 staff each working 6 hours at £8 per hour
Food:
60 meals at £8.95 each
Pri... show full transcript
Worked Solution & Example Answer:Angie is planning a presentation evening - OCR - GCSE Maths - Question 15 - 2019 - Paper 1
Step 1
Calculate the total costs:
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Answer
Calculate the total labor cost:
10 staff x 6 hours x £8/hour = £480.
Calculate the total food cost:
60 meals x £8.95 ≈ 60 x £9 = £540.
Calculate the total prize cost:
12 prizes x £19.99 ≈ 12 x £20 = £240.
Total costs = £480 + £540 + £240 = £1260.
Step 2
Calculate the total income:
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Answer
Calculate the income from guests:
60 guests x £5 = £300.
Add the sponsorship:
Total income = £300 + £1000 = £1300.
Step 3
Determine profit or loss:
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Answer
Profit = Total income - Total costs
Profit = £1300 - £1260 = £40.
Since Angie expects to make a small profit, she is correct as the calculated profit is £40.
