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Study the business record and answer the questions that follow.

Sipho runs a small fruit stall in his community on Saturdays. The table shows his income and costs for one trading day.

Item	Amount (R)
Sales	860
Cost of fruit	360
Transport	80
Packaging	60

1. 1.1Calculate Sipho’s profit for the day. Show your calculation.(3)
2. 1.2Identify two entrepreneurial qualities Sipho demonstrates.(2)