Question 15:
Table 3 shows information related to five cake ingredients J, K, L, M and N used by a baker in his business.
Table 3
The composite index for the cost of making the cakes in the year 2020 based on the year 2016 is 136.
(a)(i) Find the value of x and of y.
(ii) Calculate the price for ingredient M in the year 2016 if the price in the year 2020 is RM6.30.
[4 marks]
(b) Calculate the value of p. [3 marks]
(c) The cost of baking a cake in the year 2016 is RM25.
Find the selling price of a cake made in the year 2020, if the baker intends to make a profit of 80%. [3 marks]
Solution:
(a)(i)
(a)(ii)
(b)
(c)
Table 3 shows information related to five cake ingredients J, K, L, M and N used by a baker in his business.
Table 3
The composite index for the cost of making the cakes in the year 2020 based on the year 2016 is 136.
(a)(i) Find the value of x and of y.
(ii) Calculate the price for ingredient M in the year 2016 if the price in the year 2020 is RM6.30.
[4 marks]
(b) Calculate the value of p. [3 marks]
(c) The cost of baking a cake in the year 2016 is RM25.
Find the selling price of a cake made in the year 2020, if the baker intends to make a profit of 80%. [3 marks]
Solution:
(a)(i)
(a)(ii)
(b)
(c)