JC: Mathematics Unit 3 Assignment

Botswana Open University

Junior Certificate Mathematics

Unit 3: Assignment

Money

Time : 1 Hour Total : 50 marks

Instructions
1. Answer all questions.
2. Show all your working clearly on the space provided.
3. For multiple-choice questions, circle the letter corresponding to the correct answer.
4. Each multiple-choice question carry 1 mark.

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JC: Mathematics Unit 3 Assignment

1. A factory increases the price of a new car from P24 000 to P27 600. Calculate the
percentage increase.

A. 13%
B. 15%
C. 360%
D. 3600%

2. It costs a tailor P135 to make a dress and he sold the dress making a profit of P75.
How much was his selling price?

A. P60
B. P135
C. P210
D. P270

3. A shopkeeper buys bread at P21.60 a dozen. He sells the bread at P2.50 per loaf.
Calculate his percentage profit per dozen.

A. 19.1%
B. 24.1%
C. 30%
D. 39%

4. Tuelo wants to sell a dress for P155.50 but later allows a discount of P34.50.
How much did she sell the dress for?

A. P190.00
B. P121.00
C. P4.51
D. P0.22

5. Thomas borrowed P750 000 to buy a house, at a rate of 9% per annum. He agreed
to pay back the money including the interest at the end of 4 years.
Calculate how much interest he will have to pay.

A. P270 000
B. P187 500
C. P16 875
D. P3 333.33

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JC: Mathematics Unit 3 Assignment

6. Mr Kay earns P8 500 and his wife earns P10 600. His earnings are increased by 10%
and the wife’s earnings by 6%. What is the percentage increase in their total earnings.
Give your answer correct to one decimal place.
[5 marks]

Answer ________________________

7. A car costs P56 000. Its value decreases to P44 800 in the first year, to P40 320 in the
second year and to P38 304 in the third year. Calculate the percentage increase in the

(a) first year
(b) second year
(c) third year
[6 marks]

Answers
(a) ________________________
(b) ________________________
(c) ________________________

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JC: Mathematics Unit 3 Assignment

8. In a clearance sale, Chawa sold a towel set at P175, making a loss of P55. What was
the buying price?
[3 marks]

Answer ________________________

9. A garage buys a car at P45 000 and marks the selling price to give a profit of 20%.

(a) What is the price marked on the car?

(b) If the payment is made in cash and 10% is allowed off the marked price.
(i) What is the actual selling price of the car if payment is made in cash?
(ii) What is the percentage profit if the car is sold for cash?
[6 marks]

Answers
(a) __________________________
(b) (i) _______________________
(ii) _______________________

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JC: Mathematics Unit 3 Assignment

10. A bag is marked P160. The store offers it at 40% discount. What is the sale price?
[3 marks]

Answer ________________________

11. A shopkeeper buys a table for P500 and marks it at 20% profit. He then allows 5%
discount for cash.
(a) How much does the table cost a customer who pays cash?
(b) What percentage profit does the shopkeeper make on a cash sale?
The customer who does not pay cash is to pay P100 deposit and 12 monthly
installments of P60 each
(c) How much does the table cost the customer who buys on credit?
(d) What percentage profit does the shopkeeper make on a credit price?
[8 marks]

Answers
(a) ________________________
(b) ________________________
(c) ________________________
(d) ________________________

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JC: Mathematics Unit 3 Assignment

12. Kagiso deposited P8 000 in his bank account. If the rate of interest is 8% p.a, how long
will it take Kagiso to earn a simple interest of P 1280?
[3 marks]

Answer ________________________

13. Tebo borrowed P10 500 from the bank. She is to pay it back in 4 years. If she pays
back the total interest of P2 520, find the rate of interest.
[3 marks]

Answer ________________________

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JC: Mathematics Unit 3 Assignment

14. Kabo borrows P28 000 for 3 years at 15% p.a.

(a) Calculate the compound interest for each year
(b) Find the total compound interest for the 3 years.
[8 marks]

Answers
(a) ________________________
(b) ________________________

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