Table 1 shows how customers paid at a village produce market during one Saturday. The market manager is considering whether to keep accepting cash as well a...

Assessment: Economics 9214 | Paper 1 Mock 01 | Written Paper 1 Subject: Economics - 9214

Question 1 Report

Table 1 shows how customers paid at a village produce market during one Saturday. The market manager is considering whether to keep accepting cash as well as card payments.

Table 1


(a) Calculate the percentage of transactions made using notes and coins. Show your working. [2]

Answer Details

(a) The supplied table is not visible in the question text, but the mark scheme gives 36 notes-and-coins transactions, 84 card transactions and 30 other transactions. First find the total:

\[36+84+30=150\text{ transactions}\]

Then calculate the proportion paid with notes and coins as a percentage:

\[\frac{36}{150}\times100=24\%\]

The percentage of transactions made using notes and coins is 24% [2]. The denominator must be all transactions, not only non-card transactions.

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