Mathematics 0580 · IGCSE · Money

Money — practice question

Ahmed runs a company.
(a(i))[2]

Calculate how much he earns in one year when the profit is $320600$.

(a(ii))[2]

Calculate the percentage rise in the profit.

(b)[2]

Find the ratio of their earnings in simplest form.

(c)[2]

Work out the cost of the materials in dollars if the exchange rate is $1 = 7.06$ yuan. Give your answer correct to the nearest dollar.

(d)[3]

Calculate how much interest he pays at the end of the 3 years.

Worked solution & mark scheme

This 11-mark question has a full step-by-step worked solution and mark scheme. One marking point: The answer is $65618$.

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