Q7 Profit and Loss

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TEAME CIT

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8 years, 9 months ago

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TEAME CIT 8 years, 9 months ago

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TEAME CIT 9 years, 5 months ago

Created this as a copy of Q 4 & 7 & 9 & 10.

Name	Status	Author	Last Modified
Q 4 Profit, Loss and Percentages	draft	TEAME CIT	07/10/2016 10:19
Q7 Profit and Loss	Ready to use	TEAME CIT	11/10/2016 17:22
Exam version Q 4	draft	Julie Crowley	28/09/2016 22:51
Profit, Loss and Percentages	draft	Lois Rollings	07/12/2016 15:33
Simon's copy of Q 4 Profit, Loss and Percentages	draft	Simon Thomas	25/02/2019 09:33
Simon's copy of Q7 Profit and Loss	draft	Simon Thomas	25/02/2019 09:34
Profit, Loss and Percentages	draft	David Goulding	07/06/2019 22:58
Profit, Loss - Selling	draft	David Goulding	07/06/2019 22:59

There are 11 other versions that do you not have access to.

Question statement

The selling price of two items was € $\var{a}$ each. To the nearest cent, what was the cost price of each if:

Give any introductory information the student needs.

			Name	Type	Generated Value

a	number	76.57
profit	integer	29
loss	integer	20
ansone	number	59.3565891473
aprofit	integer	129
aloss	integer	80
anstwo	number	95.7125

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Name

Data type

Value

xxxxxxxxxx
 
random(40..150#0.01)

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Description

Describe what this variable represents, and list any assumptions made about its value.

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Generated value: `number`

76.57

→ Used by:

ansone
anstwo

Statement
Advice

Parts

Part a) Gap-fill
1. Gap Number entry
  Add
1. Step Information only
Part b) Gap-fill
1. Gap Number entry
  Add
1. Step Information only

Gap-fill

Ask the student a question, and give any hints about how they should answer this part.

There had been a profit of $\var{profit}$ % on the first item?

€Unnamed gap

Advice

Selling price = 100%

Part 1:

If sold at a profit of $\var{profit}$ %, then

Cost price = $\var{aprofit}$ %

$€\var{a} \times (\frac{100}{\var{aprofit}}) = €\var{ansone}$

Then round this to two deicmal places.

Part 2 :

If sold at a loss of $\var{loss}$ %, then

Cost price = $\var{aloss}$ %

$€\var{a} \times (\frac{100}{\var{aloss}}) = €\var{anstwo}$

Then round this to two deicmal places.

Note:

This question might require an awkward long division. If you are having problems with getting a correct answer you may need to work up to 5 or 6 decimal places in your long division.

Here is a reminder video about doing long division:

Long Division

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This question is used in the following exams:

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Taxonomy: mathcentre

Taxonomy: Kind of activity

Taxonomy: Context

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TEAME CIT 8 years, 9 months ago

TEAME CIT 8 years, 9 months ago

TEAME CIT 9 years, 5 months ago

Error in variable testing condition

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Generated value: `number`

Parts

Gap-fill

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Q7 Profit and Loss

Metadata

Taxonomy: mathcentre

Taxonomy: Kind of activity

Taxonomy: Context

Contributors

Feedback

History

Comment

Checkpoint description

TEAME CIT 8 years, 9 months ago

TEAME CIT 8 years, 9 months ago

TEAME CIT 9 years, 5 months ago

Error in variable testing condition

Error

Warning

Generated value: number

Parts

Gap-fill

Generated value: `number`