SUMMATIVE ASSESSMENT 4 TOTAL 23 MARKS ACHIEVED Attempt 1 Attempt 2 Attempt 3 MARKS Bryan Simons operates a taxi service. The taxi union decides on the appropriate fare for each of the distances that the taxi travel. The fare for Brvan's route is R10,00 and he travels 4 km. the taxi union calculates the running cost of a taxi to be R1,75/km. This includes petrol., insurance and maintenance, where 70% of the running cost is for petrol. Petrol was previously sold at around R6,00/ t. However, the taxi union also has rule that the taxi fare must stay fixed for at least a year regardless of any changes in the price of petrol. 1. Calculate Bryan's profit per personif he carried only one person the the taxi before the petrol price went up (2) 2. Calculate his profit if he took ten people in his taxi. (3) 3. Calculate the amount spend on petrol per kilometre before the price increases (2) 4. Calculate the percentage increase in the petrol price (5) Summative- US 7468 Use Mathematics to investigate and monitor the financial aspects of personal, business and national issues Revised 08/11/2017 IF/DV Authorised 6 Calculate the cost per kilometre for petrol only, after the price increase. (2) 6. Calculate the total running cost per kilometre after the price increase (2) 7. Recalculate Bryan's profit if he carries ten passengers. (2) 8. Calculate his profit margin before and after the price increase (5) 9. Discuss the effect of price increase on his business, and how he might try to compensate for (2) this. 21 21 SUMMATIVE ASSESSMENT 4 TOTAL 23 MARKS ACHIEVED Attempt 1 Attempt 2 Attempt 3 MARKS Bryan Simons operates a taxi service. The taxi union decides on the appropriate fare for each of the distances that the taxi travel. The fare for Brvan's route is R10,00 and he travels 4 km. the taxi union calculates the running cost of a taxi to be R1,75/km. This includes petrol., insurance and maintenance, where 70% of the running cost is for petrol. Petrol was previously sold at around R6,00/ t. However, the taxi union also has rule that the taxi fare must stay fixed for at least a year regardless of any changes in the price of petrol. 1. Calculate Bryan's profit per personif he carried only one person the the taxi before the petrol price went up (2) 2. Calculate his profit if he took ten people in his taxi. (3) 3. Calculate the amount spend on petrol per kilometre before the price increases (2) 4. Calculate the percentage increase in the petrol price (5) Summative- US 7468 Use Mathematics to investigate and monitor the financial aspects of personal, business and national issues Revised 08/11/2017 IF/DV Authorised 6 Calculate the cost per kilometre for petrol only, after the price increase. (2) 6. Calculate the total running cost per kilometre after the price increase (2) 7. Recalculate Bryan's profit if he carries ten passengers. (2) 8. Calculate his profit margin before and after the price increase (5) 9. Discuss the effect of price increase on his business, and how he might try to compensate for (2) this. 21 21