Page 12 - PERFORM FINANCIAL CALCULATIONS ASSESSMENT TASK ASSESSOR INSTRUCTIONS AND SOLUTIONS

Perform Financial Calculations Assessor Instructions and Solutions

Note: The student may have to place in Date Modified Order; or go to Tiles and create this.

Question 19: Open the file Product Price List and calculate the GST and Total Price for the
products.

PRODUCT GROSS PRICE (no GST) GST TOTAL PRICE
Plaster $110.00 $11.00 $121.00
Cornice $54.00 $5.40 $59.40
Back Mesh $33.33 $3.33 $36.66
Battens $39.10 $3.91 $43.01
Gyprock $320.59 $32.05 $352.64

The file should be saved as Product Price List Date of Assessment Task

Question 20: List one possible computational error which could occur in any of questions 1 –
15. Explain how you would identify the error and correct the error.

The candidate could list any computational error (for example, transposing values, not
aligning figures; incorrect method such as division rather than multiplication; incorrect reading
of values or writing of values; and any other acceptable). Providing they can explain how they
would identify the error (for example divide by 9 to find transposition errors) and then how
they would correct the error in line with the Policy and Procedure Manual the answer will be
determined as correct.

SOLUTIONS

Anne Bowden ©2020
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