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Date November 2014 Marks available 4 Reference code 14N.1.sl.TZ0.4
Level SL only Paper 1 Time zone TZ0
Command term Calculate Question number 4 Adapted from N/A

Question

Albena travels to Bulgaria on a business trip. She is paid 3550 Bulgarian levs (BGN) at the end of her trip. She converts all her BGN into euros (EUR), at an exchange bureau that sells 1 EUR for 1.95 BGN and charges 3 % commission.

Calculate the amount that Albena receives in EUR.

[4]
a.

At the airport shop, Albena buys chocolates that cost 34.50 BGN. She uses 20 EUR to pay for the chocolates but receives her change in BGN. The shop’s exchange rate is 1 EUR = 1.90 BGN.

Find how many BGN she receives as change.

[2]
b.

Markscheme

0.97×35501.95     (M1)(M1)(M1)

Note: Award (M1) for 0.97 seen, (M1) for 0.97×3550, (M1) for division by 1.95.

 

OR

(35500.03×3550)×11.95     (M1)(M1)(M1)

Note: Award (M1) for 0.03×3550 seen, (M1) for subtracting 0.03×3550 from 3550, (M1) for division by 1.95.

 

=1765.90 (EUR)     (A1)     (C4)

a.

20×1.9034.50     (M1)

Note: Award (M1) for subtraction of 34.50 from their product of 20×1.90.

 

=3.50(BGN)     (A1)     (C2)

Notes: Award at most (M1)(A0) for an answer of 4, but only if working seen.

b.

Examiners report

[N/A]
a.
[N/A]
b.

Syllabus sections

Topic 1 - Number and algebra » 1.5 » Currency conversions.
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