This mathematics problem involves applying core mathematical principles and formulas. Below you will find a complete step-by-step solution with detailed explanations for each step, helping you understand not just the answer but the method behind it.
ScanSolve AI Answer
Step 1: Solve 1.1.5 To verify if the business is experiencing a loss, we need to compare the total income with the total expenditure. From the previous calculations: Total Income (A) = R417 420 Total Expenditure = R284 117 (given in the table) Calculate the profit or loss: Profit/Loss = Total Income - Total Expenditure Profit/Loss = R417\,420 - R284\,117 Profit/Loss = R133\,303 Since the result is a positive value, the business made a profit of R133 303. The financial consultant's statement that the business is experiencing a loss is incorrect. The business made a profit of R133\,303. Step 2: Solve 1.1.6 First, calculate the total profit, which we found in Step 1. Total Profit = R133 303 Next, share the profit between David and Andiswa in the ratio 2:3. The total number of ratio parts is 2 + 3 = 5. Calculate David's share: David's Share = (2)/(5) × R133\,303 David's Share = R53\,321.20 Calculate Andiswa's share: Andiswa's Share = (3)/(5) × R133\,303 Andiswa's Share = R79\,981.80 David received R53\,321.20 and Andiswa received R79\,981.80. What's next?