# 3.10 Profit and lost

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## Memorandum

18.2

 Cost price Selling price Loss / Profit % Loss / Profit a) R623 24,92% profit b) R80 28,57% loss c) R9,99 27,75% profit d) R19,14 R2,64 e) R765 R135
• a) 14%
1. Jobcreating, housing, etc.
2. Milk, fresh fruit and veg. and meat

19.3 a) 41c

b) R2,66

c) R69,86

1. R770

20. Pay VAT firstly, and then get discount.

21.

a)>

b)<

c) =

d)<

e) =

f) =

g)>

h)>

i) 0,55

j) 0,125

k) 1,42

l) 0,03

m) 0,45

n) 0,075

o) 0,625

## Activity: profit and lost [lo 1.4, lo 2.3.3]

18. PROFIT AND LOST

18.1 Important to know!

Profit = selling price – cost price

 % profit = selling price – cost price cost price
×
 100 1
 = profit cost price
×
 100 1

Loss = when you pay more for an item than what you sell it for

 % loss = loss cost price
×
 100 1

18.2 Complete the table with help of your calculator.

 Cost price Selling price Loss / Profit % Loss / Profit Bv. R125 R160 R35 28% profit a) R2 500 R3 123 ................. ......................... b) R280 R200 ................. ......................... c) R36 R45,99 ................. ......................... d) R16,50 ................. ................. 16% profit e) R900 ................. ................. 15% loss

19.1 Did you know?

Value added tax (VAT) is an amount of money that is determined by the Minister of Finance. This forms part of the government’s budget. It is also called sales tax.

19.2 Find out

a) What % VAT are we currently paying? ……………………………………….

…………………………………………………………………………………………..

b) What does the government do with the money that comes in through VAT?

…………………………………………………………………………………………..

…………………………………………………………………………………………..

c) Which items are not taxed by VAT? …………………………………………..

…………………………………………………………………………………………..

…………………………………………………………………………………………..

19.3 Calculate the VAT at 14 % on the following amounts. You may use your calculator.

a) R2,95 : ………………………………………………………………………….

b) R18,99 : ………………………………………………………………………...

c) R499 : …………………………………………………………………………..

d) R 5 500 : ………………………………………………………………………..

20. BRAIN-TEASER!

You buy an article for cash and get a 10 % discount. You also have to pay 14 % VAT. What is the most advantageous for you: to first pay the tax and then get the discount or vice versa?

…………………………………………………………………………………………..

…………………………………………………………………………………………..

…………………………………………………………………………………………..

…………………………………………………………………………………………..

21. Can you complete the following mental test within 3 minutes?

 Fill in:<;>; = : Write as a decimal fraction: a) 0,8 ........... 8% i) 55% : .................... b) $\frac{3}{4}$ ............ 76% j) $\frac{1}{8}$ : .................... c) 60% ........... 0,6 k) 142% : .................... d) $\frac{4}{5}$ ............ 85% l) 3% : .................... e) 0,835 ........... 83,5% m) $\frac{9}{\text{20}}$ : .................... f) 0,02 ........... 2% n) $7\frac{1}{2}$ % : .................... g) $\frac{1}{3}$ ............ 33% o) $\text{62}\frac{1}{2}$ % : .................... h) 12,5% ............ $\frac{1}{8}$

(15)

## Assessment

Learning Outcome 1: The learner will be able to recognise, describe and represent numbers and their relationships, and to count, estimate, calculate and check with competence and confidence in solving problems.

Assessment Standard 1.4: We know this when the learner recognises and uses equivalent forms of the rational numbers listed above;

Learning Outcome 2: The learner will be able to recognise, describe and represent patterns and relationships, as well as to solve problems using algebraic language and skills.

Assessment Standard 2.3: We know this when the learner represents, explains and justifies observed relationships or rules in own words:

2.3.3 tables.

how did psychology begin?
of psychologys commencement, the traces can be seen in the work of Aristotle, where he talk about soul and body, likewise work in durrant, de anima, all these were somewhere supporting dualism, in which soul could exist separately from body
amaan
but if you talk about the moder psychology, Gustav fechner, is credited with performing scientific experiments, basis of his experiments in psychology with his studies perception.
amaan
does psychology deal with love?
Maybe, i think
edem
I definitely would say yes
Clara
how so
Isaiah
*triarchic
Meredith
there are so many different reasons why you can fall in love with someone, many of them develope subconsciously -> psychology
Clara
love messes with the brain, a lot, ergo I believe that Psychology does indeed deal with love
what is synapse
In the central nervous system, a synapse is a small gap at the end of a neuron that allows a signal to pass from one neuron to the next. synapse are found where nerve cells connect with other nerve cells
Najeem
can you do auto book auto
WHT u mean?
usef
yes
MD
heyy, may i join the conversation please?
who is the father of psychology
aristatil
and please, how would you guys, describe the study of psychology at college ?
edem
psychologist student?
Aspen
i mean not yet but am about to start college so wanna know how is it(college in general and psychology course) please
edem
Psychology is the study of mind and behaviour. So if you will take psychology as a subject so you will get to know how your everything (physical, mental, social, spiritual aspects) effects your behaviour
sakina
With this brief knowledge you can help people to cope up with their problems and only you can guide them correctly
sakina
And if you go for further specialisations you can study hypnosis, face reading, body language etc
sakina
Thanks a lot🙏🏾 And ik some of the stuffs u said but i am also going to write thesis, right ?
edem
ok no prob, thanks a lot🙏🏾✨
edem
cerebellum
Khan
hae everyone, hope you are well this evning my question is what is the difference between drive and motivation
Michael
good question
Rainee
drive is more like an impulse or urge and i think they both go together (drive and motivation) even if there is a slight difference
edem
@ Michael Drive is delivered to be innate without the use of an external stimuli, motivation normally evolves an outside stimuli which may include praise, appreciate, or reward.
Reginald
*believed...sorry for typo
Reginald
@Reginald, can't the motivation come from the inner self?
edem
Good question, please give an example.
Reginald
can we say desire of success for example
edem
Wilhelm Wundt is the father of psychology
ipau
Wilhem Wundt thank you for the road that you opened.
Qwanta
You mean who is the father of having a great educated argumentative guess? nothing is more wrong than this question. The question is you should ask yourselfs is, how sure are you abour their scientific studying? one's percieved assimilated approach to judging another person and saying they are
Roger
the biggest problem with scientific research and data is that ya you could get the same result 1000 times then it could go the other way 1000 times, but we would never know that and we did, we would still say ya but the proof is there. The only thing science proves is that humanity has
Roger
no facts about human behavior in the scientific context, but more in the trial and error.. sorry to tell you, but so far no one has proven Father of anything, thats up to you and i, judgement is bias, science is good enough lazy
Roger
cognitive development is the growing and development of the brain.
Ecofascism is a theoretical political model in which an authoritarian government would require individuals to sacrifice their own interests to the "organic whole of nature". The term is also used as a rhetorical pejorative to undermine the environmental movement.
ipau
what's the big difference between prejudice and discrimination?
A prejudiced person may not act on their attitude.  Therefore, someone can be prejudiced towards a certain group but not discriminate against them.  Also, prejudice includes all three components of an attitude (affective, behavioral and cognitive), whereas discrimination just involves behavior
Nancy Lee
hi
basher
hello
Rahul
what is all about cognitive development?
Kamohelo
cognitive development is the growing and development of the brain
Jessy
how do you control a variable when using spss whilst running a pearsons correlation analysis?
it dependa on your study. according to what you want to say and explain your result
Pouran
why does it say her and she
stages of cognitive development
sensory preoperatinal concrete formal
Rajendra
what is psychology
the study of insecurities and the effect on the host .
Sera
Psychology is the scientific study of behavior & mental processes
Angela
psychology is science about learning human behaviour
Zhamshid
behaviorosm
Khan
In thinking about the case of Candace described earlier, do you think that Candace benefitted or suffered as a result of consistently being passed on to the next grade?
what is reward
reward is a technique to change behaviour
Rajendra
Reward is a way to promote a specific behaviour or to teach someone/ something to behave a specific way or perform a specific task.
Johan
a reward is something that is usually associated with desirable behavior. The child got a reward for winning the game. A reinforcer is different in that a reinforcer is anything that increases behavior, even if it is increasing an undesirable behavior.
Meredith
reward is earned effort realized
freweini
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