Section A [52 marks] Answer all questions in this section. (a) A furniture salesman earned $36200 last year.
- (a)(i)He had to pay 22% of this amount as tax. How much was left after paying tax?[2]
- (a)(ii)His earnings of $36200 were made up of $25000 basic salary plus 8% of the value of the furniture that he sold. Calculate the value of the furniture that he sold.[3]
- (a)(iii)He bought a bookcase from the shop where he worked. Its marked price was $1080 but because he worked there, he only paid $756. Calculate the percentage discount on the marked price that he had been given.[2]
- (b)George opened an account and invested a sum of money at 4.5% simple interest per year for 3 years. At the end of the 3 years he closed the account, withdrawing a total of $681. Calculate the amount that George invested.[3]
Mark scheme
Marking points from the official mark scheme (May/June 2015). The mark or mark type is shown in brackets.
- [2] 28236; B1 for 22/100 or 78/100 × 36200 or 7964
- [3] 140000; M1 for 8/100 x = 36200 - 25000 or figs (36200-25000)/8 or 11200
- [2] 30; M1 for figs (1080-756)/1080
- [3] 600; B1 for 0.135 soi; M1 for figs 681/113.5 or 104.5
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