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Unit 9: Consumer Arithmetic

1) The document presents 6 presentations on the topic of consumer arithmetic: Buying, Hire Purchases, Earning, Money Exchange, Savings, and Increasing Value. 2) Each presentation contains examples of consumer arithmetic word problems and the step-by-step workings to solve them. 3) The problems cover a range of calculations including determining original prices, cash versus hire purchase costs, basic and overtime pay rates, currency exchanges, interest calculations, and valuations that increase over time.

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Unexpected Theory
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37 views

Unit 9: Consumer Arithmetic

1) The document presents 6 presentations on the topic of consumer arithmetic: Buying, Hire Purchases, Earning, Money Exchange, Savings, and Increasing Value. 2) Each presentation contains examples of consumer arithmetic word problems and the step-by-step workings to solve them. 3) The problems cover a range of calculations including determining original prices, cash versus hire purchase costs, basic and overtime pay rates, currency exchanges, interest calculations, and valuations that increase over time.

Uploaded by

Unexpected Theory
Copyright
© © All Rights Reserved
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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Unit 9

Consumer Arithmetic

Presentation 1 Buying
Presentation 2 Hire Purchases
Presentation 3 Earning
Presentation 4 Money Exchange
Presentation 5 Savings
Presentation 6 Increasing Value
Unit 9
Consumer Arithmetic
Buying
a) Calculate the
TOTAL amount a
customer pays for the
TV
b) The sale price of
$1600 is 20% LESS
THAN the original price.
Solution Calculate the ORIGINAL
a) Total amount paid price
?

?
?
b) The sale price of
$1600 is 20% LESS THAN
the original price. Calculate
the ORIGINAL price
Solution
b) If original price is $p,
then

?
?
Unit 9
Consumer Arithmetic

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Buying

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Presentation 1 Buying
Presentation 2 Hire Purchases
Presentation 3 Earning
Presentation 4 Money Exchange
Presentation 5 Savings
Presentation 6 Increasing Value
Unit 9
Consumer Arithmetic
Hire Purchases
A printer is advertised for sale at J$84 000. A discount of
12% is given if it is bought for cash. Its can also be bought
on hire purchase by paying a deposit of J$29 400 followed by
24 monthly payments of J$ 2300 each.
Calculate
a)The cash price
b)The hire purchase price
c)The amount saved by buying the printer for cash rather
than on hire purchase
Solution
a) Cash price
?

?
?
A printer is advertised for sale at J$84 000. A discount of
12% is given if it is bought for cash. Its can also be bought
on hire purchase by paying a deposit of J$29 400 followed by
24 monthly payments of J$ 2300 each.
Calculate
a)The cash price
b)The hire purchase price
c)The amount saved by buying the printer for cash rather
than on hire purchase
Solution
b) Hire purchase price ? ?
? ?
?
c) Amount saved by paying cash
? ?
Unit 9
Consumer Arithmetic

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Hire Purchases

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Presentation 1 Buying
Presentation 2 Hire Purchases
Presentation 3 Earning
Presentation 4 Money Exchange
Presentation 5 Savings
Presentation 6 Increasing Value
Unit 9
Consumer Arithmetic
Earning
BASIC WEEK
Time Wages
40 hours J$32000

Overtime is paid at 50% extra per hour.


Calculate
a)The basic hourly rate
b)The overtime hourly rate
c)The total wages for a worker who worked 10 hours
overtime in one week

Solution
a) Basic hourly rate
?
?
?
BASIC WEEK
Time Wages
40 hours J$32000

Overtime is paid at 50% extra per hour.


Calculate
a)The basic hourly rate
b)The overtime hourly rate
c)The total wages for a worker who worked 10 hours
overtime in one week

Solution ?
b) Overtime hourly rate ? ?

? ?

?
BASIC WEEK
Time Wages
40 hours J$32000

Overtime is paid at 50% extra per hour.


Calculate
a)The basic hourly rate
b)The overtime hourly rate
c)The total wages for a worker who worked 10 hours
overtime in one week

Solution
c) Total wages ?
?
?
Unit 9
Consumer Arithmetic

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Earning

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Presentation 1 Buying
Presentation 2 Hire Purchases
Presentation 3 Earning
Presentation 4 Money Exchange
Presentation 5 Savings
Presentation 6 Increasing Value
Unit 9
Consumer Arithmetic
Money Exchange
Currency Exchange Rate
Pound Sterling £ 130 J$
US $ 90 JS

How much would you get for exchanging


a)£15 sterling into Jamaican dollars
b)J$3000 into pounds sterling
c)$300.00 US into Jamaican dollars
Solution

a) ? ?

b) ?
?
c) ? ?
Unit 9
Consumer Arithmetic

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Money Exchange

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Presentation 1 Buying
Presentation 2 Hire Purchases
Presentation 3 Earning
Presentation 4 Money Exchange
Presentation 5 Savings
Presentation 6 Increasing Value
Unit 9
Consumer Arithmetic
Savings
In how many years would $100, invested at
5% per annum simple interest, amount to
$160?
The interest in one year
?

?
The total amount of interest needed is
? ?
So the number of years required is
?
?
?
Unit 9
Consumer Arithmetic

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Savings

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Presentation 1 Buying
Presentation 2 Hire Purchases
Presentation 3 Earning
Presentation 4 Money Exchange
Presentation 5 Savings
Presentation 6 Increasing Value
Unit 9
Consumer Arithmetic
Increasing Value
An antique is valued at J$4000. Its value increases by 5%
each year for 3 years.
a)Find the value after two years
b)Show that the value after three years is J$4630∙50
Solution
a)After one years the value is
?
? ?
After two years, its value is
?
? ? ? ? ?
b) Its values after 3 years is
?
? ? ? ?
?
Unit 9
Consumer Arithmetic

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Increasing Value

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Presentation 1 Buying
Presentation 2 Hire Purchases
Presentation 3 Earning
Presentation 4 Money Exchange
Presentation 5 Savings
Presentation 6 Increasing Value

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