Business Mathematics
Chapter 1
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NUMERATION
1.1 Place value for numbers
This section aims to: 1. Discuss the numeration system and illustrate the place value of a number; and 2. Translate numerals into words and vice versa. ARITHMETIC
Arithmetic is a basic tool in the study of Business Mathematics. The extent of Practical application whether social or business, makes use of the arithmetical operations. Such as addition, subtraction, multiplication and division.
Most of the application included in the material are profit and loss, Depreciation, income tax, computation ,problems dealing with ratio and proportion , Simple interest and discount ,percentages, payroll, compensation ,net pay ,commissions, Markup discounts, cash and retail discounts ,and many other business problems involving .
THE FOUR FUNDAMENTAL OPERATIONS
No definite rule can be followed in solving business problems but the following suggestion will help in formulating and solving problems: Suggested Steps in Solving Problems 1. Read very carefully the problems until the conditions are all clear. 2. Determine the given and set what is to be found 3. Form the relationship between the given and the required 4. Decide what process or process to use . If the problem involves a series of steps, decide what process is to be applied first. 5. Use formulas connecting the known quantities with the unknown quantities. 6. Also, if possible, try to give an estimate of the possible answer. 7. Solve the problem in accordance with the process involves .the most important is to be careful in every aspects of computation. As simple error will make all computation collapsed. 8. Check the solutions with the condition of the problem.
NUMBER AND NUMERAL A number is one or more units or things. A number that denotes one or more whole units is a whole number or an integer.
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NUMERATION
1.1 Place value for numbers
This section aims to: 1. Discuss the numeration system and illustrate the place value of a number; and 2. Translate numerals into words and vice versa. ARITHMETIC
Arithmetic is a basic tool in the study of Business Mathematics. The extent of Practical application whether social or business, makes use of the arithmetical operations. Such as addition, subtraction, multiplication and division.
Most of the application included in the material are profit and loss, Depreciation, income tax, computation ,problems dealing with ratio and proportion , Simple interest and discount ,percentages, payroll, compensation ,net pay ,commissions, Markup discounts, cash and retail discounts ,and many other business problems involving .
THE FOUR FUNDAMENTAL OPERATIONS
No definite rule can be followed in solving business problems but the following suggestion will help in formulating and solving problems: Suggested Steps in Solving Problems 1. Read very carefully the problems until the conditions are all clear. 2. Determine the given and set what is to be found 3. Form the relationship between the given and the required 4. Decide what process or process to use . If the problem involves a series of steps, decide what process is to be applied first. 5. Use formulas connecting the known quantities with the unknown quantities. 6. Also, if possible, try to give an estimate of the possible answer. 7. Solve the problem in accordance with the process involves .the most important is to be careful in every aspects of computation. As simple error will make all computation collapsed. 8. Check the solutions with the condition of the problem.
NUMBER AND NUMERAL A number is one or more units or things. A number that denotes one or more whole units is a whole number or an integer.