Use ANNEXURE B to answer the questions that follow - NSC Mathematical Literacy - Question 2 - 2019 - Paper 1
Question 2
Use ANNEXURE B to answer the questions that follow.
2.1.1 Determine the unit price when purchasing Milo option 2.
2.1.2 Determine the total cost of 6 L of milk.
2... show full transcript
Worked Solution & Example Answer:Use ANNEXURE B to answer the questions that follow - NSC Mathematical Literacy - Question 2 - 2019 - Paper 1
Step 1
Determine the unit price when purchasing Milo option 2.
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Answer
To determine the unit price for Milo option 2, we look at the cost of 1 kg Milo, which is R97,95. We must convert this to price per gram:
Unitprice=1000gR97,95=R0,09795pergram
Step 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:
Totalcostof6L=6imesR11,99=R71,94
Step 3
Explain the meaning of the word cost price.
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The term 'cost price' refers to the total amount of money expended to acquire a product. This includes the direct costs such as the purchase price of the ingredients, as well as any additional costs involved in bringing the product to market, excluding profit margins.
Step 4
Calculate A, the cost of Milo per cup.
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Answer
From the table, we see the cost of ingredients per one cup of Milo is calculated by:
1 kg Milo (R97,95) + milk (0,04 L cost) + foam cup.
Thus:
A=R97,95+R0,48+R0,26=R98,69percup
Step 5
Determine B, the amount of milk, in litres, used for ONE cup of Milo.
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Answer
Using the table, for one cup of Milo, the amount of milk used is 0,04 L.
Step 6
Write down the value of C, the cost of 25 foam cups.
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Answer
The cost for one foam cup is R12,75. Therefore, for 25 cups:
C=25imesR0,51=R12,75totalfor25cups
Step 7
Show that the cost of ONE cup of Milo, D, is R7,29.
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Answer
Cost of one cup of Milo is derived as follows:
Total cost of ingredients divided by the number of cups:
D=1R7,29=R7,29
Step 8
Determine the selling price of ONE cup of Milo if Susan's intended profit margin is 25%.
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Answer
The selling price can be calculated using the formula:
