Mrs Chan, a teacher from Brakpan, received a monthly statement from GEMS (Government Employee Medical Scheme), as shown in ANNEXURE A - NSC Mathematical Literacy - Question 2 - 2018 - Paper 1
Question 2
Mrs Chan, a teacher from Brakpan, received a monthly statement from GEMS (Government Employee Medical Scheme), as shown in ANNEXURE A. Mrs Chan has one dependent, he... show full transcript
Worked Solution & Example Answer:Mrs Chan, a teacher from Brakpan, received a monthly statement from GEMS (Government Employee Medical Scheme), as shown in ANNEXURE A - NSC Mathematical Literacy - Question 2 - 2018 - Paper 1
Step 1
Which month is covered by this statement?
96%
114 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The month covered by this statement is December. This is the twelfth month of the year, indicating the final billing period for the year.
Step 2
State why the member had to pay R445,10 to the supplier.
99%
104 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The member had to pay R445,10 to the supplier because the overall limit for reimbursement as per the medical aid plan was exceeded. This amount was thus paid out of pocket.
Step 3
Write down the name of the general practitioner visited.
96%
101 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The name of the general practitioner visited is Dr Dhlamini.
Step 4
Calculate the new price of the acute medication (under the tariff code) if the price increased by 6,3%.
98%
120 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
To calculate the new price:
Let the original price be R736,90.
Find the increase:
Increase = Original Price × Percentage Increase = R736,90 × rac{6.3}{100} = R46,42.
New Price = Original Price + Increase = R736,90 + R46,42 = R783,32.
Step 5
Calculate the total amount of tax claimable in the previous statements if the tax claimable is the amount paid by the member directly to the supplier.
97%
117 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The total amount of tax claimable is R326,66. Thus, if R445,10 was paid to the supplier, the tax on this amount is:
Tax = 445,10 - 326,66 = R118,44.
Step 6
State the term debit within the context of the statement.
97%
121 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
In the context of the statement, a debit refers to the amount of money that the member is obliged to pay back directly to the supplier, indicating that the funds from the medical scheme were insufficient.
Step 7
Show how the total amount of R479,75 was calculated.
96%
114 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
To calculate the total amount of R479,75:
Total = R173,03 + R117,44 + R61,50 + R46,80.
This includes all medical services and products received by Mrs. Chan, summing to R479,75.
Step 8
Write down the exchange rate between the Botswana pula (BWP) and the South African rand (ZAR).
99%
104 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The exchange rate between the Botswana pula (BWP) and the South African rand (ZAR) is 1 BWP = 1.253475 ZAR.
Step 9
List the currencies which are weaker than the ZAR.
96%
101 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
The currencies which are weaker than the ZAR are:
Brazilian real
British pound
Mauritian rupee
Japanese yen
Step 10
Convert R13,00 into BWP
98%
120 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
To convert R13,00 into BWP:
Amount in BWP = Amount in ZAR / Exchange Rate = R13,00 / 1.253475 = BWP10,37.
Step 11
Calculate the total number of UTMs sold if a total profit of BWP7526 was made.
97%
117 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
To find the total number of UTMs sold:
Profit = (Selling Price - Cost Price) × Number Sold
BWP7526 = (BWP4,98 - BWP10,37) × Number Sold
Solving for Number Sold gives:
Number Sold = 7526 / (4,98 - 10,37) = 200.
Step 12
Calculate the amount (in BWP) that Errol will receive if a total profit of BWP7526 was made.
97%
121 rated
Only available for registered users.
Sign up now to view full answer, or log in if you already have an account!
Answer
Given a profit-sharing ratio of 3:2, Errol's share can be calculated as follows: