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A coding bootcamp runs a school holiday course and charges $200 per student.
The costs of running the course are:
The course runs for 3 hours a day for 5 days.
What profit does the coding bootcamp make if 18 students pay for the course? (3 marks)
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\(\$660\)
\(\text{Total hours}=3\times 5=15\ \text{hours}\)
\(\text{Revenue}=18\times 200=\$3600\)
\(\text{Instructor cost}=15\times 130=\$1950\)
\(\text{Venue hire}=15\times 60=\$900\)
\(\text{GST on venue hire}=10\%\times 900=\$90\)
\(\text{Total venue hire}= 900+ 90=\$990\)
\(\text{Total costs}= 1950+ 990=\$2940\)
\(\text{Profit}= 3600- 2940=\$660\)
Harper has a weekly net income of $720. She has created a budget where she allocates this income to rent, food, phone, subscriptions and the rest to savings.
Her budget is shown below, with some details missing.
| Item | Weekly amount |
| Rent | $300 |
| Food | ? |
| Phone | $25 |
| Subscriptions | $35 |
| Savings | ? |
Harper allocates 25% of her weekly net income to food.
How many weeks will it take Harper to save $4860? (3 marks)
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\(\text{27 weeks}\)
\(\text{Food}=25\%\times 720=0.25\times 720=\$180\)
\(\text{Savings}= 720- 300- 180- 25- 35=\$180\)
\(\text{Weeks}=\dfrac{4860}{180}=27\ \text{weeks}\)