Question 4 (iii) (iii) What formula should Geraldine type in cell D2 so that she can copy it down the column to give the profit? [2] Sample answer for Question 4 (iii) (A2*B2)-C2 Question 4 (iv) (iv) Geraldine wants to sell each hat for a whole number of pounds. What price should she sell the hats for to make the maximum profit? [4] Sample answer for Question 4 (iv) Price (£) Hats sold Cost (£) Profit (£) 15 100 300 1200 16 95 285 1235 17 90 270 1260 18 85 255 1275 19 80 240 1280 20 75 225 1275 21 70 210 1260
Question 4 (iii) (iii) What formula should Geraldine type in cell D2 so that she can copy it down the column to give the profit? [2] Sample answer for Question 4 (iii) (A2*B2)-C2 Question 4 (iv) (iv) Geraldine wants to sell each hat for a whole number of pounds. What price should she sell the hats for to make the maximum profit? [4] Sample answer for Question 4 (iv) Price (£) Hats sold Cost (£) Profit (£) 15 100 300 1200 16 95 285 1235 17 90 270 1260 18 85 255 1275 19 80 240 1280 20 75 225 1275 21 70 210 1260
380240-introduction-to-quantitative-reasoning-medium-banded-candidate-style-answers.docx