Finance Morksheet- Profit and LOSS Continued 3D Yaseen bought a house for R2950000. He spent R125000 for renovation of the house when he bought it. Each year he spends R11000 on maintenance of the house. After 11 years, he sells the house for R3736000. How much profit did he make? a. R551000 \( \begin{array}{ll}\text { c. R529000 } & \text { b. R562000 }\end{array} \) Michael buys 140 guitars from a wholesale market paying R224 for each item, and then he makes a profit by selling each one at \( \frac{5}{4} \) of the price he bought them at. How much money did he have after selling them all? \( \begin{array}{ll}\text { a. R37285 } & \text { b. R39040 } \\ \text { c. R39200 } & \text { d. R39627 }\end{array} \)

Let's solve the problems step by step. ### Problem 1: Yaseen's House Profit Calculation 1. **Initial Cost of the House**: - Purchase Price = R2950000 - Renovation Cost = R125000 - Total Initial Cost = Purchase Price + Renovation Cost \[ \text{Total Initial Cost} = 2950000 + 125000 = 3075000 \] 2. **Maintenance Costs Over 11 Years**: - Annual Maintenance Cost = R11000 - Total Maintenance Cost over 11 years = Annual Maintenance Cost × Number of Years \[ \text{Total Maintenance Cost} = 11000 \times 11 = 121000 \] 3. **Total Cost After 11 Years**: - Total Cost = Total Initial Cost + Total Maintenance Cost \[ \text{Total Cost} = 3075000 + 121000 = 3197000 \] 4. **Selling Price of the House**: - Selling Price = R3736000 5. **Profit Calculation**: - Profit = Selling Price - Total Cost \[ \text{Profit} = 3736000 - 3197000 = 539000 \] Now, let's check the options provided: - a. R551000 - b. R562000 - c. R529000 The calculated profit of R539000 does not match any of the options provided. Let's double-check the calculations. ### Problem 2: Michael's Guitar Profit Calculation 1. **Cost of Guitars**: - Number of Guitars = 140 - Cost per Guitar = R224 - Total Cost = Number of Guitars × Cost per Guitar \[ \text{Total Cost} = 140 \times 224 = 31360 \] 2. **Selling Price per Guitar**: - Selling Price = \( \frac{5}{4} \) of the Cost Price \[ \text{Selling Price per Guitar} = \frac{5}{4} \times 224 = 280 \] 3. **Total Selling Price**: - Total Selling Price = Number of Guitars × Selling Price per Guitar \[ \text{Total Selling Price} = 140 \times 280 = 39200 \] Now, let's check the options provided: - a. R37285 - b. R39040 - c. R39200 - d. R39627 The calculated total selling price of R39200 matches option c. ### Summary of Results 1. Yaseen's Profit: R539000 (not matching any options) 2. Michael's Total Money After Selling Guitars: R39200 (option c) If you need further assistance or clarification, feel free to ask!