Question: QUESTION 1 Mr Kapic is a butcher. He needs help with calculating various amounts. Use the table below to help answer the following questions: Product

QUESTION 1 Mr Kapic is a butcher. He needs help with calculating various amounts. Use the table below to help answer the following questions: Product Cost price (per kg) Selling price (per kg) Lamb chops R28 R35 Fillet R76 A Spare ribs R43 R50,74 Mince meat R50 R60 1.1.1. Calculate the profit on one kilogram of spare ribs. 1.1.2. Calculate the percentage mark-up on the lamb chops. 1.1.3. The fillet steak is marked up by 15%. Calculate the selling price per kg for fillet steak (A). 1.1.4. A customer buys 2kg of lamb chops; 0,5kg of mince meat; 1,8kg of spare ribs and 1,6kg of fillet. How much does he pay Mr Kapic? 1.1.5. How much profit will Mr Kapic make on the order in QUESTION 1.1.4? 1.1.6. The selling prices above all include VAT. Calculate the amount of VAT that would be charged on 1,8kg of lamb chops

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