QUESTION 1

A food fair is going to be held at Zoo Lake. Chloe decides to set up a stall selling tortillas. It costs Chloe R5 to make a tortilla and R500 to rent the stall. She sells each tortilla for R15.

The table below shows the income that Chloe will make if she sells the tortillas:

\begin{tabular}{|l|c|c|c|c|c|c|}
\hline Number of tortillas & 0 & 50 & 100 & 150 & 200 & 250 \\
\hline Total Income (R) & 0 & 750 & 1500 & 2250 & 3000 & 3750 \\
\hline
\end{tabular}

1.1.1 Write down a formula to represent Chloe's total expenses:

Total Expenses = ...

1.1.2 Draw up a table to represent Chloe's expenses if she sells 0, 50, 100, 150, 200, and 250 tortillas.

1.1.3 Use Annexure A to draw, on the same set of axes, a line graph representing Chloe's total income and another line representing her expenses. Label the graphs accordingly.

1.1.4 Determine the minimum number of tortillas that Chloe must sell in order to break even.

1.1.5 Chloe sold 240 tortillas. Complete the income and expense statement on the ANNEXURE PROVIDED for the sale of 240 tortillas and show how much profit she made.

\begin{tabular}{|l|l|l|l|}
\hline \multicolumn{2}{|c|}{Income} & \multicolumn{2}{|c|}{Expense} \\
\hline \begin{tabular}{l}
Sale of \\
240 tortillas
\end{tabular} & & Fixed cost & \\
\hline & & \begin{tabular}{l}
Cost of each \\
tortilla
\end{tabular} & \\
\hline Total Income & & Total Cost of 240 tortillas & \\
\hline & & Profit & \\
\hline
\end{tabular}