Question 1

A toy manufacturer makes 10,000 toy cars at a total cost of 35,000. When the manufacturer sold them to the wholesaler he made 20% profit. Then the wholesaler sold them to toyshops and also made 20% profit.

a. How much did the wholesaler pay?

b. How much did the toyshops pay for each car?

c. If a toy shop sold them for 6.49 each what percentage profit did the toy shop make?

d. A toyshop bought 1000 cars. It was able to sell 900 at the full price of 6.49 but had to sell the rest in a sale at 4.50. How much actual profit did it make on selling the cars?

Question 2

An account with an interest rate of 3.2% has been left untouched for 6 years. If the account now has 5450 in it, how much was originally put into the account? (Calculate using Simple Interest)

Question 3

A company has decided to set up a fund for its employees with an annual investment on the 1^stJanuary of 5000. If the interest rate is 4% per year how much will be in the fund at the end of four years? (Calculate using Compound Interest)