SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Performing basic business calculations in Retail/Wholesale practices 
SAQA US ID UNIT STANDARD TITLE
7621  Performing basic business calculations in Retail/Wholesale practices 
ORIGINATOR
SGB Retail and Wholesale 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Wholesale and Retail 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 2  NQF Level 02  6 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2003-12-03  2006-12-03  SAQA 1351/03 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2007-12-03   2010-12-03  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This unit standard is a fundamental standard towards the qualification National Certificate in Retail / Wholesale processes at NQF 2. It provides the fundamental competence to perform basic calculations in preparation for core and elective standards at this level. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Basic numeracy at NQF Level 1. 

UNIT STANDARD RANGE 
  • Selling goods for profit including mark-ups, mark-downs, discounts for cash,? Basic business calculations including value added tax calculations, discounting, calculating cost price, calculating profit? Electronic equipment including calculators, adding machines, point of sale terminals 
    		•

    UNIT STANDARD OUTCOME HEADER 
    The demonstrated ability to make decisions and con 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    The demonstrated ability to make decisions and consider options when: 
    OUTCOME NOTES 
  • Relating basic business calculations to a range of techniques applied in retail/wholesale practices when selling goods for profit?

    Recognising the legal requirements associated with value added tax calculations? Applying techniques for performing a range of basic business calculations?

    Using a range of electronic equipment to enhance efficiency and accuracy when making basic business calculations 
    		•
    OUTCOME RANGE 
  • Selling goods for profit including mark-ups, mark-downs, discounts for cash,? Basic business calculations including value added tax calculations, discounting, calculating cost price, calculating profit? Electronic equipment including calculators, adding machines, point of sale terminals 
    		•

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The ability to produce the following evidence: 
    ASSESSMENT CRITERION NOTES 
  • Describe the techniques applied by retail/wholesale practices when selling goods for profit?

    Explain the obligations of retail/wholesale practices relating to Value Added Tax legislation?

    Demonstrate techniques for performing a range of basic business calculations by completing the exercises presented by the assessor?

    Demonstrate techniques for using electronic equipment to perform basic business calculations by completing the exercises presented by the assessor 
    		•
    ASSESSMENT CRITERION RANGE 
  • Selling goods for profit including mark-ups, mark-downs, discounts for cash,?

    Basic business calculations including value added tax calculations, discounting, calculating cost price, calculating profit?

    Electronic equipment including calculators, adding machines, point of sale terminals
     
    		•


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    The Retail/Wholesale SETA in its ETQA role will accredit providers against this unit standard 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The demonstrated understanding of:?
    Basic principles of merchandising goods for profit?
    Value Added Tax legislation?
    Techniques for performing a range of basic business calculations?
    Techniques for using a range of electronic calculating equipment 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
  • Identify and solve problems when performing basic business calculations so that all results are checked and verified for accuracy 
    		•

    UNIT STANDARD CCFO COLLECTING 
    The ability to:?

    Collect, organise, analyse and evaluate information when performing basic business calculations so that the appropriate technique is applied to produce an accurate result 

    UNIT STANDARD CCFO SCIENCE 
  • Use science and technology effectively to perform efficient and accurate basic business calculations 
    		•

    UNIT STANDARD ASSESSOR CRITERIA 
    Assessment Criteria:

    The ability to produce the following evidence:?

    Describe the techniques applied by retail/wholesale practices when selling goods for profit?

    Explain the obligations of retail/wholesale practices relating to Value Added Tax legislation?

    Demonstrate techniques for performing a range of basic business calculations by completing the exercises presented by the assessor?

    Demonstrate techniques for using electronic equipment to perform basic business calculations by completing the exercises presented by the assessor 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  48969   National Certificate: Service Station Operations  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered"     		 2008-11-26  Was W&RSETA until Last Date for Achievement 
    Fundamental  13718   National Certificate: Retail and Wholesale Processes  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered"     		 2006-12-03  W&RSETA 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.