Here's the breakdown for Question 2:
Question 2.1
The break-even point is the point at which total costs and total revenue are equal, meaning there is no net loss or gain. In other words, it's the point where a business has covered all its expenses but has not yet made a profit.
Question 2.2
Step 1: Calculate total revenue
The selling price per apple is R3.00. They sold 116 apples.
TotalRevenue=Numberofapplessold×Sellingpriceperapple
TotalRevenue=116×R3.00=R348.00
Step 2: Calculate profit
The cost of the crate of 116 apples is R255.00.
Profit=TotalRevenue−Costofcrate
Profit=R348.00−R255.00
Profit=R93.00
Question 2.3.1
Step 1: Calculate profit per apple
The cost per apple from the crate is 116R255.00.
Profitperapple=Sellingpriceperapple−Costperapple
Profitperapple=R3.00−116R255.00
Profitperapple=R3.00−R2.19827...
Profitperapple≈R0.80172...
Step 2: Calculate apples sold for R120 profit
Let x be the number of apples sold.
TotalProfit=Profitperapple×x
R120=(R3.00−116R255.00)×x
R120=(1163×116−255)×x
R120=(116348−255)×x
R120=11693×x
x=93120×116
x=9313920
x=150 apples
Question 2.3.2
Step 1: Determine the break-even point
To break even, the total revenue must equal the total cost of the crate.
TotalRevenue=Costofcrate
Sellingpriceperapple×Numberofapples=R255.00
R3.00×Numberofapples=R255.00
Step 2: Calculate the number of apples to break even
Numberofapples=R3.00R255.00
Numberofapples=85 apples
Question 2.3.3
Step 1: Identify total amount needed and daily profit
The total amount to raise is R13 500.00.
The profit per day is R120 (from the premise of Question 2.3).
Step 2: Calculate the number of days
Numberofdays=ProfitperdayTotalamounttoraise
Numberofdays=R120.00/dayR13500.00
Numberofdays=112.5 days
Question 2.4
Step 1: Calculate value for A (Cost for Avis Car Hire for 20 km)
Avis Car Hire costs R6.50 per kilometer.
A=20km×R6.50/km
A=R130
Step 2: Calculate value for B (Cost for Budget Car Hire for 40 km)
Budget Car Hire costs R165 plus R3.50 per kilometer.
B=R165+(40km×R3.50/km)
B=R165+R140
B=R305
Step 3: Calculate value for C (Kilometres travelled for given costs)
For Avis Car Hire, the cost is R455.
C=R6.50/kmR455
C=70km
For Budget Car Hire, the cost is R410.
R410=R165+(C×R3.50/km)
R410−R165=C×R3.50/km
R245=C×R3.50/km
C=R3.50/kmR245
C=70 km
The completed table is:
KilometrestravelledCostforAvisCarHireCostforBudgetCarHire10R65R20020R130R23540R260R30570R455R410
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