<< Chapter < Page Chapter >> Page >

Mathematics

Percentages

Educator section

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

Leaner section

Content

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) 3 4 size 12{ { { size 8{3} } over { size 8{4} } } } {} ............ 76% j) 1 8 size 12{ { { size 8{1} } over { size 8{8} } } } {} : ....................
c) 60% ........... 0,6 k) 142% : ....................
d) 4 5 size 12{ { { size 8{4} } over { size 8{5} } } } {} ............ 85% l) 3% : ....................
e) 0,835 ........... 83,5% m) 9 20 size 12{ { { size 8{9} } over { size 8{"20"} } } } {} : ....................
f) 0,02 ........... 2% n) 7 1 2 size 12{7 { { size 8{1} } over { size 8{2} } } } {} % : ....................
g) 1 3 size 12{ { { size 8{1} } over { size 8{3} } } } {} ............ 33% o) 62 1 2 size 12{"62" { { size 8{1} } over { size 8{2} } } } {} % : ....................
h) 12,5% ............ 1 8 size 12{ { { size 8{1} } over { size 8{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.

Questions & Answers

how can chip be made from sand
Eke Reply
is this allso about nanoscale material
Almas
are nano particles real
Missy Reply
yeah
Joseph
Hello, if I study Physics teacher in bachelor, can I study Nanotechnology in master?
Lale Reply
no can't
Lohitha
where is the latest information on a no technology how can I find it
William
currently
William
where we get a research paper on Nano chemistry....?
Maira Reply
nanopartical of organic/inorganic / physical chemistry , pdf / thesis / review
Ali
what are the products of Nano chemistry?
Maira Reply
There are lots of products of nano chemistry... Like nano coatings.....carbon fiber.. And lots of others..
learn
Even nanotechnology is pretty much all about chemistry... Its the chemistry on quantum or atomic level
learn
Google
da
no nanotechnology is also a part of physics and maths it requires angle formulas and some pressure regarding concepts
Bhagvanji
hey
Giriraj
Preparation and Applications of Nanomaterial for Drug Delivery
Hafiz Reply
revolt
da
Application of nanotechnology in medicine
has a lot of application modern world
Kamaluddeen
yes
narayan
what is variations in raman spectra for nanomaterials
Jyoti Reply
ya I also want to know the raman spectra
Bhagvanji
I only see partial conversation and what's the question here!
Crow Reply
what about nanotechnology for water purification
RAW Reply
please someone correct me if I'm wrong but I think one can use nanoparticles, specially silver nanoparticles for water treatment.
Damian
yes that's correct
Professor
I think
Professor
Nasa has use it in the 60's, copper as water purification in the moon travel.
Alexandre
nanocopper obvius
Alexandre
what is the stm
Brian Reply
is there industrial application of fullrenes. What is the method to prepare fullrene on large scale.?
Rafiq
industrial application...? mmm I think on the medical side as drug carrier, but you should go deeper on your research, I may be wrong
Damian
How we are making nano material?
LITNING Reply
what is a peer
LITNING Reply
What is meant by 'nano scale'?
LITNING Reply
What is STMs full form?
LITNING
scanning tunneling microscope
Sahil
how nano science is used for hydrophobicity
Santosh
Do u think that Graphene and Fullrene fiber can be used to make Air Plane body structure the lightest and strongest. Rafiq
Rafiq
what is differents between GO and RGO?
Mahi
what is simplest way to understand the applications of nano robots used to detect the cancer affected cell of human body.? How this robot is carried to required site of body cell.? what will be the carrier material and how can be detected that correct delivery of drug is done Rafiq
Rafiq
if virus is killing to make ARTIFICIAL DNA OF GRAPHENE FOR KILLED THE VIRUS .THIS IS OUR ASSUMPTION
Anam
analytical skills graphene is prepared to kill any type viruses .
Anam
Any one who tell me about Preparation and application of Nanomaterial for drug Delivery
Hafiz
what is Nano technology ?
Bob Reply
write examples of Nano molecule?
Bob
The nanotechnology is as new science, to scale nanometric
brayan
nanotechnology is the study, desing, synthesis, manipulation and application of materials and functional systems through control of matter at nanoscale
Damian
Got questions? Join the online conversation and get instant answers!
Jobilize.com Reply

Get Jobilize Job Search Mobile App in your pocket Now!

Get it on Google Play Download on the App Store Now




Source:  OpenStax, Mathematics grade 7. OpenStax CNX. Sep 16, 2009 Download for free at http://cnx.org/content/col11075/1.1
Google Play and the Google Play logo are trademarks of Google Inc.

Notification Switch

Would you like to follow the 'Mathematics grade 7' conversation and receive update notifications?

Ask