The tuck-shop ladies at your school prepared and income and expenditure statement for July 2025. Use the information above to answer the questions that follow.

Activity 6 6.1 Calculate A, the total expenses for July. Step 1: Calculate the total wages. Wages = R70 × 5 × 4 = R1\,400 Step 2: Sum all expenditure items to find A. A = Stock + Wages + New fridge + New microwave A = R14\,000 + R1\,400 + R7\,500 + R1\,500 A = R24\,400 The total expenses for July are R24\,400. 6.2 Determine how many people received wages if there were 4 weeks in July. Step 1: Use the wages calculation from the table: R70 × 5 × 4. The amount R70 is the wage per person per week, and 4 is the number of weeks. Therefore, 5 represents the number of people. Number of people = 5 5 people received wages. 6.3 Calculate the tuck-shop's profit for July. Step 1: Identify the total income and total expenditure. Total Income = R24\,000 (from the table) Total Expenditure (A) = R24\,400 (calculated in 6.1) Step 2: Calculate the profit. Profit = Total Income - Total Expenditure Profit = R24\,000 - R24\,400 Profit = -R400 The tuck-shop's profit for July is -R400 (a loss of R400). 6.4 Provide ONE way to prepare for occasional expenses. One way to prepare for occasional expenses is to set aside a portion of profits regularly into a separate savings account or fund. This creates a provision for future unexpected or irregular costs. 6.5 The ladies at the tuck-shop made the statement that if there were no occasional expenses they would have made a profit of R8 600. Verify, with calculations if they are correct. Step 1: Identify the occasional expenses. Occasional expenses are the New fridge (R7\,500) and New microwave (R1\,500). Total occasional expenses = R7\,500 + R1\,500 = R9\,000 Step 2: Calculate the total expenditure if there were no occasional expenses. Expenditure without occasional expenses = Total Expenditure (A) - Total occasional expenses Expenditure without occasional expenses = R24\,400 - R9\,000 = R15\,400 Step 3: Calculate the profit if there were no occasional expenses. Profit without occasional expenses = Total Income - Expenditure without occasional expenses Profit without occasional expenses = R24\,000 - R15\,400 = R8\,600 Step 4: Verify the statement. The calculated profit of R8\,600 matches the statement. The statement is Correct. 6.6 The tuck-shop has been informed by their suppliers that the prices will increase in Term 3. Give ONE suggestion you would give the tuck shop ladies regarding their selling prices and give a reason for your answer. Suggestion: The tuck-shop ladies should consider increasing their selling prices. Reason: An increase in supplier prices means the cost of goods sold will rise. To maintain their profit margins and cover the increased costs, they need to adjust their selling prices accordingly. Send me the next one 📸