Foundation June 2019 Paper 2 Q15
15 Ed has a card shop.
(a) He buys a particular card for £1.20 and sells it for £1.68.
Calculate his percentage profit on this card. [3]
(b) Ed’s profit on “Good Luck” cards in 2018 was £360.
This was a decrease of 20% on his profit in 2017.
This was a decrease of 20% on his profit in 2017.
Work out Ed’s profit on “Good Luck” cards in 2017. [3]
| Answer | Marks | Part marks and guidance | |
|---|---|---|---|
| 40 | 3 | M2 for \(\dfrac{1.68 - 1.20}{1.20}\) [\(\times\) 100] oe or M1 for \(\dfrac{1.68}{1.20}\) oe or for 1.68 – 1.20 oe | eg \(\dfrac{48}{1.20}\) or \(\dfrac{48}{120}\) or 0.4 For M1 accept 168 – 120 oe eg 48 M1 implied by 1.4 or 140 |
| Answer | Marks | Part marks and guidance | |
|---|---|---|---|
| 450 | 3 | M2 for \(360 \div 0.8\) oe or B1 for 0.8[0] oe seen or for 360 associated with 80% isw | For B1 0.8 oe seen allow fraction but not just for 80% |