The cost of petrol for the motorcycle for each kilometre is calculated
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Practice Problems

The cost of petrol for the motorcycle for each kilometre is calculated

Activity 2

Task A

1. The cost of petrol for the motorcycle for each kilometre is calculated by:

Cost = distance in km x £0.09

The distance from home to work is 6 kilometres (km).

Calculate the weekly cost of the journey to and from work. You make the journey there and back for 5 days each week.

2. The bus will cost £13 per week if tickets are bought each day. By buying a Weekly Saver ticket you can save 15%

How much does the Weekly Saver ticket cost?

3. The motorcycle’s fuel tank holds up to 5 litres.

How much will it cost to fill the tank from empty at a price of £1.23 per litre?

Task B

Your weekly wage from your new job is £180

You expect to pay these costs each week:


Can you afford gym membership at £15 per week? Show your working.

Task C

1. The information below shows your spending on food and leisure over 6 months.

September was £230, October was £250, November was £260, December was £330, January was £210, February was £240

Show these costs in a table with suitable titles.

2. What is the range of your monthly spending on food and leisure over the 6 months?

Hint
Management Cost refers to the amount of money that a firm uses for the production of goods and services. Cost is usually in monetary valuation. In other instances, the cost can be defined as the amount paid in order to obtain a good or service. There are different types of costs in the business....

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