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    Worked Examples:: Consumer Arithmetic

    Uploaded by

    A.Benson
    1. The document provides 9 worked examples of consumer arithmetic word problems. The problems involve calculating values based on provided tables, rates, prices, wages, taxes, currency exchange rates, and more. The goal is to practice solving multi-step math word problems that require setting up and solving equations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Worked Examples:: Consumer Arithmetic

    Uploaded by

    A.Benson
    111 views3 pages
    1. The document provides 9 worked examples of consumer arithmetic word problems. The problems involve calculating values based on provided tables, rates, prices, wages, taxes, currency exchange rates, and more. The goal is to practice solving multi-step math word problems that require setting up and solving equations.

    Original Description:

    Original Title

    Consumer arithmetic

    Copyright

    © © All Rights Reserved

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    1. The document provides 9 worked examples of consumer arithmetic word problems. The problems involve calculating values based on provided tables, rates, prices, wages, taxes, currency exchange rates, and more. The goal is to practice solving multi-step math word problems that require setting up and solving equations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    111 views3 pages

    Worked Examples:: Consumer Arithmetic

    Uploaded by

    A.Benson
    1. The document provides 9 worked examples of consumer arithmetic word problems. The problems involve calculating values based on provided tables, rates, prices, wages, taxes, currency exchange rates, and more. The goal is to practice solving multi-step math word problems that require setting up and solving equations.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    Consumer arithmetic

    Worked examples:

    1. The table shows Diana’s shopping bill. Some of information was not included.

    Unit Price Total Cost


    Items Quantity
    $ $
    Sugar 5.5 lb 4.30 W
    Rice 10 lb X 105.80
    Flour Y lb 6.35 72.64
    *Subtotal 202.09
    Z % VAT 32.84
    TOTAL 234.93

    Calculate the values of W, X, Y and Z.

    2. A shopkeeper buys the fruit at the prices shown in the table below.

    Fruits Quantity Total Price


    oranges 100 $25
    apples 50 kg $80
    melons 20 $15

    He sells all of these oranges, apples and melons at the prices shown in the table:

    (a) Sabbah buys 5 kg of apples and 3 melons. What is the total cost of 5 kg of apples and 3
    melons?

    (b) (i) After selling all the fruit, what shopkeeper’s selling price?

    (ii) Calculate his TOTAL profit.

    (iii) Express his profit as a percentage of the cost price.


    3. A television set can be bought for $18,000 cash, or bought on a hire purchase; a deposit of 20%
    and 18 monthly installments of $900.

    Calculate:

    (a) the hire purchase price

    (b) the difference between the hire purchase and the cash price

    (c) the difference as a percentage of the cash.

    4. The hire purchase price for a refrigerator is $65,000 cash. A deposit of $15,000 is made and the
    remainder is paid in equal monthly installment of $2,500.

    Calculate:

    (a) the total installment paid.

    (c) how many months a customer would need to pay the total installments.

    5. A man borrowed $75,000 from a bank. The bank’s interest is 12.3% per annum.

    Calculate:

    (a) the interest on the loan at the end of the first year

    (b) the total amount owing at the end of the first year.

    A repayment of $32,000 was made at the start of the second year. Calculate:

    (c) the amount still outstanding at the start of the second year.

    (d) the interest on the outstanding amount at the end of the second year

    6. A flat is bought for $ 90,000 USD. In each of the 3 years that follows, its value appreciates by
    8 %. How much is the flat worth after 3 years?

    7. The table below gives information on the values and the rates of depreciation in value of two
    motor vehicles.

    Yearly rate of Value after three


    Motor vehicle Initial value
    depreciation years
    Minivan $ 700,000 11 % $x
    Motorcycle $ 300,000 y% $ 244,000

    (a) Calculate x, the values of the taxi after 3 years.


    (b) Determine the value of y, the yearly rate of depreciation of the motorcycle

    8. On a certain day, the foreign exchange rate was given as follows:

    GUY $ 1.00 = US $ 0.01


    EC $ 1.00 = US $ 0.45.

    Calculate the value of

    (a) GUY $ 100 000 in US $

    (b) US $ 500 in EC $

    9. A business pays its employees a basic rate of $10.15 per hour for a 40-hour week.

    (a) Calculate the basic weekly wage for ONE employee.

    (b) For overtime an employee is paid a time and half the basic rate. Determine the overtime
    wage if an employee who worked 8 hours overtime in a certain week.

    (c) Calculate the week’s gross pay.

    The employee pays 15 % tax on the weekly wage.

    Calculate:

    (d) the tax paid

    (e) the net pay.

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