Question2 [20marks]

(a)A flowerpot is marked up $12, which is 48 percent of thecost.

(i)Find thecost.

(4 Marks)

(ii)Find the sellingprice.

(3 Marks)

(b)A lamp costs $88. Find the selling price if the markup is 42 percent of the sellingprice.

(7 Marks)

(c)A room air conditioner that originally sold for $699.99 was reduced to sell for$499.

(i)Find themarkdown.

(3 marks)

(ii)Find the rate ofmarkdown.

(3Marks)

Question3 [20marks]

(a)Hamid invests $8,560 at 4 percent simple interest in a bank. Find the amount in the account after 10months.

(5 marks)

(b)Donald saves$15,000on20March2019inanaccountthatofferr%simpleinterestper year. If the exact simple interest earned on 8 June 2019 is$80.00.

(i)Find the exact time of theinvestment.

(3 Marks)

(ii)Find the value of r using exacttime.

(4 Marks)

(c)ApromissorynotetoSitifor$5000at8%annualsimpleinterestfromMay5toSeptember 5.

(i)Find the bank discount using exact time and ordinaryinterest.

(4 marks)

(ii)Find the proceeds using ordinaryinterest.

(4marks)