Bussiness mathematics

Deng sold goods worth SSP 25 000 for a certain company. He was given a commission of 15% of the value of the goods sold. How much was his commission?

• SSP 2300

• SSP 3,750

• SH 3,750

Answer explanation

𝐶𝑜𝑚𝑚𝑖𝑠𝑠𝑖𝑜𝑛 𝑖𝑛 𝑆𝑜𝑢𝑡ℎ 𝑆𝑢𝑑𝑎𝑛𝑒𝑠𝑒 𝑃𝑜𝑢𝑛𝑑𝑠 = 𝑅%× 𝑉𝑎𝑙𝑢𝑒 𝑜𝑓 𝑔𝑜𝑜𝑑𝑠 𝑠𝑜𝑙d

= 15/100 × 25,000=(15*25,000)/100= SSP 3750

Tags

CCSS.6.RP.A.3C

Michael was paid a salary of SSP 27 000 per month and commission at 6.5% for the value of the goods sold. Above SSP10 000. In June he sold goods worth SSP140 000, what was his total money he received at the end of the month?

• SSP 35450

• SSP 36,100

• SSP 849.5

Answer explanation

Commission= rate*value of good sold=(6.5*140000)/100

total earning = salary + commission

total earning = 27,000+9,100 = SSP 36,100

Tags

CCSS.6.RP.A.3C

A customer bought an item for SSP 750, after he was given a discount of SSP150. What was the marked price of the item?

• SSP 900

• SSP 750

• SSP 9000

Answer explanation

Solution

Discount=marked price-buying price

buying price= SSP 750

marked price = ?

Discount = SSP 150

Marked price = Buying price + Discount

Marked price = 750 + 150 = SSP. 900

Tags

CCSS.7.EE.B.3

The marked price of a motorcycle was SSP 300 000 but a discount of 8% was allowed for cash payment. Ryan bought the motorcycle on hire purchase by paying a deposit of SSP120, 000 followed by 10 equal monthly installments of SSP 18000 each. How much money would Ryan have saved had he bought it for cash?

• SSP 60,000

• SSP 180,000

• SSP 480,000

Answer explanation

Solution:

Hire purchase = Deposit + total monthly installments

Total monthly installments = Each monthly installment*Equal monthly installment

Deposit = SSP 120, 000

Each monthly installment = 18000

Equal monthly installment = 10

Total monthly installment = 10*18,000=180,000

Hire purchase = 180,000+120,000=300,000

Cash payment = Marked price - Discount (Marked price*8/100)

Cash payment = 300,000 - (300,000*0.08) = SSP 276,000

Since Cash price is less than 300,000, we need to determine by how much.

Saving = Hire purchase price - cash price

Saving = 300,000 - 276,000= SSP 60,000

Tags

CCSS.HSF.BF.A.2

Jacinta bought 15 bags of fruits at SSP 450 per bag. She spent SSP 500 on transport, 1.5 bags of the fruits got spoilt and she sold the rest at SSP 400 per bag. What was her loss?

• SSP 2300

• SSP 1850

• SSP 1800

Tags

CCSS.7.NS.A.3

Winfrey was issued a loan of SSP 500000 on simple interest. After 6 months, she paid back an interest of SSP 25000. At what interest rate was the loan issued?

• 34%

• 10%

• 15%

Tags

CCSS.7.RP.A.3

. Richard deposits 5400 and got back an amount of 6000 after 2 years. Find Richard’s interest rate.

• SSP 156,000

• 156,000

• SSP 150000

Find Principal when Time = 4 years, Interest = SSP 400; Rate = 5% p.a.

• SSP 270000

• SSP. 27,000

• LE. 27,000

Tags

CCSS.6.EE.B.6

David took a loan of SSP200,500 from a financial institution at a rate of 12.5% p.a. after what duration is he expected to pay an interest of SSP 100250?

Tags

CCSS.6.EE.B.7

Luka deposited SSP10,000 in a bank which paid a compound interest at the rate of 12% per annum. If he withdrew all the money after two years, how much money did he withdraw?