Foundation June 2017 Paper 2 Q18
18 Ellen works for a company that sells cars.
Her monthly pay is
- a salary of £1470
- 28% of the total profit the company makes from her sales
- a £250 bonus if she sells at least 15 cars.
The table shows information about the cars she sold last year.
| Total cost to the company | Total income for the company | Number of months when she sold at least 15 cars |
|---|---|---|
| £464 500 | £538 000 | 3 |
Was Ellen’s total pay for the year more than £40 000?
You must show your working. [6 marks]
| Answer | Mark | Comments |
|---|---|---|
| \(3 \times 250\) or 750 | M1 | |
| \(1470 \times 12\) or 17 640 | M1 | |
| \(538\,000 - 464\,500\) or 73 500 | M1 | |
| their 73 500 \(\times\) 0.28 or 20 580 | M1dep | oe dep on 3rd M1 |
| their 17 640 \(+\) their 20 580 \(+\) their 750 or 38 970 | M1dep | dep on 3rd and 4th M1 Must be adding salary, profit share and bonus |
| 38 970 and No | A1 |
Additional guidance
| For the last method mark, the 3rd and 4th M must have been awarded, but allow the addition of any number of months’ salary and any number of £250 bonuses (at least one month of salary and at least one month of bonus) | |
| \(1470 + 20\,580 + 250\) | M0M0M1 M1dep M1depA0 |
| 20 580 | 3rdM1 4thM1dep |
| Build up method for 28% must be correct or method shown for incorrect parts eg1 1% of 73 500 = 730, 28% = 20 440 (will also lose the 5th Mdep) eg2 1% of 73 500 = \(73\,500 \div 100\) = 730, 28% = 20 440 eg3 10% of 73 500 = 7350, 1% = 73.5, 28% = 2058 (and 5th Mdep0) eg4 10% of 73 500 = 7350, 1% = \(7350 \div 10\) = 73.5, 28% = 7350 + 7350 + 588 = 15 288 | 4thM0dep 4thM1dep 4thM0dep 4thM1dep |