NSC Mathematical Literacy Banking, interest and tax: A dental procedure, e.g. a crown

Question

A dental procedure, e.g. a crown implant, is performed by a dentist.

ANNEXURE A shows a quotation for a dental procedure for Ms Mpho Hendricks.

NOTE: A crown is a dental cap which completely covers a tooth.

Use ANNEXURE A to answer the questions that follow.

2.1.1 Write down the name of the dentist who is treating Mpho.

2.1.2 State the year in which Mpho was born.

2.1.3 Write down the amount that Mpho has to pay when the procedure is done.

2.1.4 Calculate the total amount excluding 15% VAT.

2.1.5 Calculate the price of ONE infection control measure.

Mpho's sister, Anelle, has a vegetable garden. She grows vegetables that are considered useful for tooth growth. She sells mixed vegetable packs at a local market during weekends.

TABLE 4 shows the cost for growing, processing and packaging the vegetables, as well as the selling price of each mixed vegetable pack.

TABLE 5 shows the monthly fixed cost.

Use TABLE 4 and TABLE 5 above to answer the questions that follow.

2.2.1 Calculate Anelle's total monthly fixed cost.

2.2.2 The formula below is used to calculate Anelle's expenses for one month.

Expenses (R) = 200,00 + 12,50 × number of packs

TABLE 6: INCOME AND EXPENDITURE OF 1 kg MIXED VEGETABLE PACKS

Number of packs 0 5 10 15 40 50
Expenses (R) 200 262,20 A 400 637,00 B 725 700 1 000
Income (R) 0 125 250 375...

Use the above formula to calculate the missing values A and B.

2.2.3 Answer the questions that follow by using TABLE 6 and the graph drawn on the ANSWER SHEET showing the expenses for mixed vegetable packs.

(a) Use the same grid provided on the ANSWER SHEET to draw another line graph showing the income from the sale of the mixed vegetable packs.

(b) Explain the meaning of the term break-even in the given context.

(c) Write down the number of mixed vegetable packs that must be sold to break even.

Anelle wants to purchase a commercial vegetable slicer to assist with the chopping of the vegetables, as shown in the picture below. The two payment options she can choose from are also shown below.

PAYMENT OPTION 1: Cash price of R1 799,00.

PAYMENT OPTION 2: Monthly instalments

Deposit: 20% of cash price
24 monthly payments of R95,00

Use the information above to answer the questions that follow.

2.3.1 Anelle is thinking of using Payment Option 2.

(a) Calculate the deposit amount she has to pay.

(b) Determine (rounded to the nearest rand) the total amount Anelle will have paid for the vegetable slicer after 24 months.

2.3.2 Anelle's brother, Tony, who lives in the United States of America, decided to send her money to buy the vegetable slicer using Payment Option 1.

TABLE 7 below shows the exchange rate of South Africa in relation to the currencies of other countries.

TABLE 7: EXCHANGE RATES TABLE ON 6 FEBRUARY 2020

1 ZAR = 0,067251 US dollars (USD)
1 ZAR = 0,061147 euros (EUR)
1 ZAR = 0,051856 pounds (GBP)
1 ZAR = 7,386276 yen (JPY)

Use the information above and TABLE 7 above to answer the questions that follow.

(a) Explain what the term exchange rate means.

(b) Identify the currency that is weaker than the rand.

(c) Convert $130 into rand. Then, rounded to the nearest rand, the amount Anelle received.

A dental procedure, e.g - NSC Mathematical Literacy - Question 2 - 2021 - Paper 1

Worked Solution & Example Answer:A dental procedure, e.g - NSC Mathematical Literacy - Question 2 - 2021 - Paper 1

Write down the name of the dentist who is treating Mpho.

State the year in which Mpho was born.

Write down the amount that Mpho has to pay when the procedure is done.

Calculate the total amount excluding 15% VAT.

Calculate the price of ONE infection control measure.

Calculate Anelle's total monthly fixed cost.

The formula below is used to calculate Anelle's expenses for one month.

Answer the questions that follow by using TABLE 6.

Calculate the deposit amount she has to pay.

Determine the total amount Anelle will have paid for the vegetable slicer after 24 months.

Explain what the term exchange rate means.

Identify the currency that is weaker than the rand.

Convert $130 into rand.

Join the NSC students using SimpleStudy...