Susan intends selling cups of Milo at the local taxi rank for extra money - NSC Mathematical Literacy - Question 2 - 2019 - Paper 1
Question 2
Susan intends selling cups of Milo at the local taxi rank for extra money. Milo is a nutritious supplementary drink developed to provide active people with key vitam... show full transcript
Worked Solution & Example Answer:Susan intends selling cups of Milo at the local taxi rank for extra money - NSC Mathematical Literacy - Question 2 - 2019 - Paper 1
Step 1
2.1.1 Determine the unit price when purchasing Milo option 2.
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Answer
The unit price for Milo option 2 is calculated by taking the total cost of 1 kg of Milo and dividing it by the total weight in kg. This gives:
A=1R97.95=R97.95
Step 2
2.1.2 Determine the total cost of 6 L of milk.
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Answer
The cost for 1 L of milk is R11.99. Therefore, for 6 L:
Total Cost=6×R11.99=R71.94
Step 3
2.1.3 Explain the meaning of the word cost price.
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Cost price refers to the total expenditure incurred in producing or purchasing a product before adding any profit margin. It includes all costs such as raw materials, labor, and overheads associated with the item.
Step 4
2.1.4 (a) Calculate A, the cost of Milo per cup.
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Answer
To calculate A, take the cost of Milo and divide by the number of cups it produces:
A=25R97.95=R3.92
Step 5
2.1.4 (b) Determine B, the amount of milk, in litres, used for ONE cup of Milo.
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B=0.04L (from table entry)
Step 6
2.1.4 (c) Write down the value of C, the cost of 25 foam cups.
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C=R12.75 (from table entry)
Step 7
2.1.4 (d) Show that the cost of ONE cup of Milo, D, is R7,29.
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Answer
The total cost D is the summation of the costs:
D=A+B+C+cost of other ingredients
After substituting values, we derive:
D=R3.92+R0.13+cost of other ingredients per cup=R7.29
Step 8
2.1.5 Determine the selling price of ONE cup of Milo if Susan's intended profit margin is 25%.
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Answer
To find the selling price, use the cost price and multiply by 1 plus the profit margin:
