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