Dean Peterson has a clothing account at Markham clothing store - NSC Mathematical Literacy - Question 2 - 2020 - Paper 1
Question 2
Dean Peterson has a clothing account at Markham clothing store. At Markham a customer can choose either a 6-month or a 12-month revolving (ongoing) payment option.
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Worked Solution & Example Answer:Dean Peterson has a clothing account at Markham clothing store - NSC Mathematical Literacy - Question 2 - 2020 - Paper 1
Step 1
2.1.1 Write down the total balance owing on Dean's account.
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Answer
The total balance owing on Dean's account is R4 656,71.
Step 2
2.1.2 Give the full date on which the current installment is due.
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Answer
The full date on which the current installment is due is 1 February 2019.
Step 3
2.1.3 State the opening balance of the 12-month revolving account option.
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Answer
The opening balance of the 12-month revolving account option is R3 750,00.
Step 4
2.1.4 Write down the price of the item that was returned.
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Answer
The price of the item that was returned is R215,36.
Step 5
2.1.5 Determine the total amount paid using FNB electronic payments.
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Answer
The total amount paid using FNB electronic payments is R800,00.
Step 6
2.1.6 Calculate the price of the item purchased on 19 December 2018, excluding VAT.
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Answer
The price of the item purchased on 19 December 2018, excluding VAT, is calculated as follows:
