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Financial Maths, STD1 F1 2021 HSC 12 (Adapted)

A karate school runs a holiday program and charges $150 per student.

The costs of running the program are:

Karate instructor: $110 per hour

Hall hire: $52 per hour plus 10% GST.

The program runs for two hours a day for five days.

What profit does the karate school make if 20 students pay for the program?   (3 marks)

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`$1328`

Show Worked Solution

`text(Revenue) = 20 xx 150 = $3000`

`text(Cost per hour)= 110+(52 xx 1.1)= 110+57.20= $167.20`

`text(Total cost)= 2 xx 5 xx 167.20= $1672`

`:.\ text(Profit)= 3000-1672= $1328`

Filed Under: Purchasing Goods (Y11-X), Tax and Percentage Increase/Decrease (Std 2-X) Tagged With: adapted, Band 4, smc-7724-20-GST/VAT

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