0417_s12_qp_13
A paper of Information and Communication Technology, 0417
Questions:
18
Year:
2012
Paper:
1
Variant:
3

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For Examiner's Use 15 Paul, a manufacturer of goods, offers discounts. The discounts are coded D, N or P. Paul keeps the details on this spreadsheet. (Commas are used as delimiters in the formulae shown below.) A B C D Code Rate D 10% N 15% P 20% Code Price Discount Discounted Price D $4.00 =IF(A7="D",B7*$B$2,IF(A7="N",B7*$B$3,IF(A7="P",B7*$B$4))) P $2.85 =IF(A8="D",B8*$B$2,IF(A8="N",B8*$B$3,IF(A8="P",B8*$B$4))) D $1.55 =IF(A9="D",B9*$B$2,IF(A9="N",B9*$B$3,IF(A9="P",B9*$B$4))) N $0.98 =IF(A10="D",B10*$B$2,IF(A10="N",B10*$B$3,IF(A10="P",B10*$B$4))) D $4.05 =IF(A11="D",B11*$B$2,IF(A11="N",B11*$B$3,IF(A11="P",B11*$B$4))) D $10.00 =IF(A12="D",B12*$B$2,IF(A12="N",B12*$B$3,IF(A12="P",B12*$B$4))) P $11.95 =IF(A13="D",B13*$B$2,IF(A13="N",B13*$B$3,IF(A13="P",B13*$B$4))) D $5.15 =IF(A14="D",B14*$B$2,IF(A14="N",B14*$B$3,IF(A14="P",B14*$B$4))) D $5.25 =IF(A15="D",B15*$B$2,IF(A15="N",B15*$B$3,IF(A15="P",B15*$B$4))) N $4.50 =IF(A16="D",B16*$B$2,IF(A16="N",B16*$B$3,IF(A16="P",B16*$B$4))) N $7.25 =IF(A17="D",B17*$B$2,IF(A17="N",B17*$B$3,IF(A17="P",B17*$B$4))) N $14.50 =IF(A18="D",B18*$B$2,IF(A18="N",B18*$B$3,IF(A18="P",B18*$B$4))) Explain what the formula in cell C7 does. What value would you expect to see in cell C12? For Examiner's Use The formula was entered into cell C7 using a keyboard. Explain how to make this formula appear in cells C8 to C18 by just using a mouse. What formula should be typed into cell D7 to calculate the discounted price? Paul could extend this spreadsheet to calculate his total profit. He could then use it as a model. Give two reasons why financial models are used.