Revision Qs (Calculations 21.1.2)

Running the Liberty Art Jam costs Artify Studio S$10 Singapore Dollars (SGD). People attending the course are charged S$35.

What markup has Artify Studio applied to this service?

• 35%

• 45%

• 250%

• 350%

Artify Studio imports sets of acrylic paint from Malaysia at a cost of 8.50 Malaysian Ringgit (MYR) per set.

The exchange rate is 1 MYR = 0.33 S$ (SGD).

Which one of the following would Artify Studio pay in SGD if they imported 15 sets of paints?

• 2.81

• 4.95

• 15.00

• 42.08

Artify Studio offers a 12% discount to parents if they book the ‘Duo Parent and Child Art Camp’ and the ‘Children’s Illustration Workshop’ at the same time. The combined price for both courses before being discounted is S$285.

Calculate, to 2 decimal places, the discounted cost of booking both courses at the same time.

You are advised to keep evidence of your working in your note book.

Calculate, to two decimal places, the gross profit margin for Artify Studio using the attached extract.

You are advised to keep evidence of your working in your note book.

It costs 459.50 MYR for 1,000 colour leaflets to be printed. The cost of delivery is 17.87 MYR per hour.

Calculate, to two decimal place, the cost to Artify Studio of delivering 1,000 printed leaflets which will take 3 hours.

You are advised to keep evidence of your working in your note book.