Foundation November 2018 Paper 3 Q18
18 Trevor buys a boat.
The cost of the boat is £14 200 plus VAT at 20%
Trevor pays a deposit of £5000
He pays the rest of the cost in 10 equal payments.
Work out the amount of each of the 10 payments. (4)
| Answer | Mark | Mark scheme |
|---|---|---|
| 1204 | P2 | for a full process to find 120% of 14200 eg, \(1.2 \times 14200\) (=17040) or \((0.2 \times 14200) + 14200\) (=17040) |
| (P1 | for process to find 20% of 14200 eg, \(0.2 \times 14200\) (=2840) oe) | |
| P1 | for [cost] \(-\ 5000\) | |
| A1 | cao SCB1 for answer of 920 if P0 scored |
Additional guidance
[cost] must be greater than 14200