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Business Mathematics Assignment 1

1. The document contains multiple math word problems involving ratios, percentages, compound interest, simple interest, profit/loss calculations. 2. Question 2 involves calculating ratios of men to women in a room and calculating remaining bananas after some are rotten and eaten. 3. Question 3 involves calculating percentage remaining in a tin after leakage and calculating the number of students who just passed an exam based on percentages who received different divisions. 4. Question 4 involves calculating decreased cost after a percentage decrease, calculating profit percentage based on cost and selling price, and calculating the original market price of articles based on discounted price and discount percentage.

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Spencer Kanjera
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222 views5 pages

Business Mathematics Assignment 1

1. The document contains multiple math word problems involving ratios, percentages, compound interest, simple interest, profit/loss calculations. 2. Question 2 involves calculating ratios of men to women in a room and calculating remaining bananas after some are rotten and eaten. 3. Question 3 involves calculating percentage remaining in a tin after leakage and calculating the number of students who just passed an exam based on percentages who received different divisions. 4. Question 4 involves calculating decreased cost after a percentage decrease, calculating profit percentage based on cost and selling price, and calculating the original market price of articles based on discounted price and discount percentage.

Uploaded by

Spencer Kanjera
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1 a) Convert into a decimal fraction

3 75
i) =
4 100
3 75
ii) =
4 0 100 0
1 8
iii) =
125 100 0
7 28
iv) =
25 100
7
v) =¿
9

b) Change the decimals into smallest fraction

3
i) 24.3=24
10
5 1
ii) 27.5=27 =27
10 2
4 2
iii) 23.4=2 3 =27
10 5
5 1
iv) 18 .5=18 =18
10 2
24 6
v) 26.24=26 =27
100 25

c) Simplify

i) 56+5∗(−3 ) + 48÷ 8=56−15+6=47

ii) 70 ÷14∗3−45÷ 9=5∗3−5=15−5=10

iii)5 of 9 ÷ 2∗4−1=5∗9 ÷8−1=5∗18-1=90−1=89

iv) 78−[ 5+ 3 of ( 25−2∗100 ) ]=78−[5+3 of (25−200)]=78−[5+3 of (−175)]

¿ 78− [5+ 3∗(−175 ) ] =78− [ 5+ (−52 5 ) ] =78−[ −5 20 ] =5 9 8

v) 52−4 of ( 17−12 )+ 4∗7=52−4 of ( 5 ) +28=52−20+28=60

d) Express the following numbers in standard form

i) 0.00000003792=3.792∗10−8
ii) 6420=6.42∗103

iii) 235=2.35∗102

iv)0.0045=4.5∗10−3

v) 15.6=1.56∗10 1

e) Calculate the following

15
i) 15 % of N $ 375= × 375=N $ 56.25
100

27
ii) 27 % of 1890= ×1890=510.3
100

Question 2

2. a) In a certain room, there are 28 women and 21 men. What is the ratio of men to women? What is
the ratio of women to the total number of people?

Women :Total number of people→ 28 : ( 28+21 ) → 28 :49 → 4 :7

b) There are 12 dozen bananas in a basket. 5/24 ( 5 over 24)of them are rotten and 1/3( 1 over 3) of
them get eaten. How many bananas are left?

Total number of bananas=12× 12=14 4


5
Rotten= × 144=3 0
24
1
Eaten= ×144=48
3
Bananas ¿144−30−48=66

c) A man’s monthly income is N$ 15,000 out of which he spends N$ 12,500 every month. Find the ratio
of his

i) Saving to expenditure
Saving : Expenditure → ( 15000−12500 ) :12500 → 2500:12500 →1 :5
ii) expenditure to income

Expenditure : Income → 12500 :15000→ 5 : 6


d) the ration of the length and the width of a school ground is 5:2. Find the length . if the width is 40
meters

Ration5 :2
40
According ¿the width =2 0
2
Length=20 ×5=100 meters

Question 3

3. a) A tin contains 20 liters of petrol. Due to leakage, 3 liters of petrol is lost. What percentage still
present in the tin. (4)

Total=2 0
Remaining=20−3=17
17
Percentage Remaining= ×100=85 %
20

b) 300 student appeared in an examination. Of these students, 25%got first division, 54% got second
division and the remaining just passed. Assuming that no student failed, find the number of students
who just passed.

First Division+Second Division Percentage=25 %+54 %=79 %


Just Passed Percentage=100 %−79 %=21 %
21
Number of students who just passed= × 300=63 students
100
c) James deposited 4500.00 dollars for 4 years at the rate of 8% compound interest. How much amount
does he after 4 years and also calculates the compound interest?

( ) r nt
( )
4∗1
0.08
A=P 1+ =4500 1+ =$ 6122.20
n 4
d) Ariel takes a loan of $8,000 to buy a used truck at the rate of 9 % simple Interest . Calculate the
annual interest to be paid for the loan amount.

Assuming the loan is paid over a year

I =Prt=8000 ×0.09 ×1=$ 72 0

Question 4

4 a) The cost of an article is decreased by 15%. If the original cost is N$ 80. Find the decreased cost.

15
Decrease= × 80=1 2
100
Decreased cost=80−12=N $ 68

b) A dealer buys a wrist watch for N$225 and spends N$ 15 on its repairs. If he sells the same for N$ 300.
Find his profit percent.

Profit=300−225−15=6 0
60
Profit percent = ×100=25 %
225+ 15

c) A pair of articles was bought for N$ 37.40 at a discount of 15%. What must be the market price of
each of the articles?

if 85 %=37.40
100 %=?

100
×37.40=43.9999 ≈ 44.00 ( Market Price)
85

d) A man purchased an old house for N$765000 and spent N$ 115000 on its repairs. Then, he sold it at a
gain of 5%. How much did he get?

Cost + Repairs=765000+ 115 000=880 000


5
Profit ( 5 % )= × 880000=44000
100

He got ( 880 000+44 000 )=N $ 924 000

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