2.1.3 2.1.4 Calculate the total income that Nico will receive if he sells 240 butternuts with a 20% mark-up. Nico wants to make more profit by selling his tomatoes at a higher price because of a higher demand. Calculate the percentage increase if the original price of tomatoes was R15,50 per kilogram and he increased the price to R23,25 per kilogram. Use the formula: % Increase = New Price Old Price Old Price × 100 2.2 Sabir is going to university to study to become a pharmacist. His father decided to buy him a new Toyota Aygo as a reward for his wonderful Grade 12 results. The Toyota Aygo is currently on special for the reasonable price of R174 900 including VAT. They decided to buy the car on hire-purchase and pay off the balance in 60 monthly instalments. Simple interest is charged at a rate of 14% p.a. A deposit of 10% is required. 2.2.1 How many years will it take them to pay for the car? (3) (2) 2.2.2 Calculate the amount they need to pay as a deposit. ล ล 2.2.3 Calculate the loan amount after the deposit has been paid. (2) 2.2.4 Determine the total amount of interest paid over the 60-month period on the outstanding balance. (3) 2.2.5 Hence, calculate his monthly instalment if the total amount payable is R267 597. (2)
