Income, Expenditure, Profit & Break-even is one of 9 topics in the Grade 11 Mathematical Literacy CAPS syllabus, covered across 3 lessons on Study Vault. Below are real practice questions from this topic with full worked answers.
Sample practice questions
Easy
1. For an organisation, when does a "loss" occur?
When total expenditure exceeds total income over a period
When total income exceeds total expenditure over a period
When income and expenditure are exactly equal
A loss can never occur for a registered organisation
Answer: When total expenditure exceeds total income over a period — A loss occurs when total expenditure exceeds total income over a given period, meaning the organisation spent more than it received.
Medium
2. A fundraising project has total income of R28,500 and total expenditure of R19,800. Calculate the profit (or loss), in Rand.
Answer: 8700 — Profit = income - expenditure = R28,500 - R19,800 = R8,700 (a profit).
Medium
3. An organisation projected R50,000 in expenditure but actually spent R58,000. Calculate the percentage by which actual expenditure exceeded the projected figure, using ((actual - projected)/projected) x 100.
Answer: 16 — Percentage = ((58,000 - 50,000)/50,000) x 100 = (8,000/50,000) x 100 = 16%.
