QUESTION 1

1.1.1) −2𝑗 + 11 = 3𝑗 + 61

−2𝑗 − 3𝑗 = 61 − 11
−5𝑗 50
=
−5 −5
𝑗 = −10
7 2 2
1.1.2) 9 𝑔 + 3 𝑔 = 𝑔 + 2 9

13𝑔 2
= 𝑔+2
9 9
13𝑔 2
−𝑔 = 𝑔+2 −𝑔
9 9
2
4𝑔 = 9.2
9
2
9.2 9
𝑔=
4
𝑔=5

1.2.1) When 20 cakes are sold: 700=p + 20q

When 80 cakes are sold: 3700=p+80q

700=p+20 | -3700=-p-80
−60𝑞 −3000
=
−60 −60
𝑞 = 50

700 = 𝑝 + 𝑞. 20

700 = 𝑝 + 50.20

700 = 𝑝 + 1000

700 − 1000 = 𝑝

−300 = 𝑝

𝑝 = −300 𝑞 = 50
1.2.2) 𝑝(0) = 𝑝 + 𝑞𝑐, 𝑐 = 0

𝑝(0) = 0 + 𝑞𝑐

𝑝(𝑐) = 𝑞𝑐

Since the profit is 0 when c=40, The break-even level is 40.

1.3.1) substitute 𝑅(𝑥) = 3𝑥 2 − 50𝑥 − 1000 and 𝐶(𝑥) = 2𝑥 2 + 5𝑥 − 500

Into the equation for profit

𝑃(𝑥) = 𝑅(𝑥) − 𝐶(𝑥)

𝑃(𝑥) = 3𝑥 2 − 50𝑥 − 1000 − 2𝑥 2 − 5𝑥 − 50

𝑃(𝑥) = 𝑥 2 − 55𝑥 − 1500

1.3.2) 𝑃(𝑥) = 0

𝑥 2 − 55𝑥 − 1500 = 0

𝑥 2 − 55𝑥 = 1500
3025 3025
𝑥 2 − 55𝑥 + = 1500 +
4 4
𝑥 = −20 & 𝑥 = 75

Therefore, the break -even level is 75 items since number of items cannot be negative.
QUESTION 2

2.1) 4 + 𝑦 + 22 + 6 + 5 = 50

37 + 𝑦 = 50

𝑦 = 50 − 37

𝑦 = 13
4.0+13.10+22.20+6.30+5.40
2.2) 𝑥 = 4+13+22+6+5

0+130+440+180+200
Mean=𝑥 = 50

950
𝑥=
50
Mean = 19

Estimated mean time =19 minutes

2.3) Midpoint of:

0<10:(0+10)/2=5

10<20:(10 +20) /2=15

20<30:(20+30)/2 =25

30<40:(30+40)/2=35

40<50:(40+50)/2=45

Estimated mean:
(4 × 15 + 22 × 25 + 6 × 35 + 5 × 45)
=
50
(60 + 550 + 210 + 225)
=
50
1045
=
50
= 20.9

Deviation of each midpoint from the estimated mean:

5-20.9=15.9
15-20.9=5.9
25-20.9=4.1

35-20.9=14.1

45-20.9=24.1

Variance:
(4 × 252.81 + 22 × 34.81 + 6 × 16.81 + 5 × 198.81 + 13 × 580.81)
=
50
10710.31
= 50

= 214.21

Standard deviation:

= √214.21

≈ 14.63

Interpretation: The average variation of each completion time from the projected mean time of
20.9 minutes is shown by the standard deviation, which is roughly 14.63. This figure illustrates
the range or fluctuation in learners' completion times.
QUESTION 3
10.8 1.3
100
3.1.1) 𝐴 = 1500 (1 + )
1

0.108 1.3
𝐴 = 1500 (1 + )
1
𝐴 = 1500 × 1.1083

𝐴 ≈ 20403.78

The value of the investment after 3 years is approximately R20403.78

5.6 12.5
100
3.1.2) 𝐴 = 15000 (1 + )
12

0.056 60
𝐴 = 15000 (1 + )
12
𝐴 ≈ 27491.66

The value of the investment is approximately R27491.66

0,1 1×4
3.2) 𝐴 = 900 000 (1 + )
1

𝐴 = 900 000(1 + 0,1)4

𝐴 = 900 000(1.1)4

𝐴 = 1,317,690

Total expected returns over 4 years:

R240 000 + R280 000 + R300 000 + R400 000 =R1,220,000

The total expected returns are R1,220,000, which is less than the final amount of R1,317,690
after 4 years at 10% interest. So, you should not buy the business.
REFERENCES

• Croft, A. And Davison, R. (2011). Foundation Math's. Pearson Higher Ed.

• Clendenen, G. and Salzman, S.A(2018). Business mathematics. Boston Pearson.
• Croucher, J.S(2002). Introductory mathematics & statistics for business. Roseville,
N.S.W.: Mcgraw Hill.
• Bugler, J. and Castell, A. (2012). Stats Means Business. Routledge.
• Jakins, N. and Yeo, D. (2013). Study & master mathematics. 12, Study guide. Cape
Town: Cambridge University Press.