HIGHER EDUCATION PROGRAMMES
Academic Year 2024: January - June
Formative Assessment 1: Business Mathematics
(HBMT1181)
NQF Level, Credits: 5, 8
Weighting: 50%
Assessment Type: Essay Questions
Educator: Lisa Nqala
Examiner: S. Mahlanze
Due Date: 28 March 2024
Total: 100 marks
Instructions:
• This paper consists of four (4) questions.
• It is based upon Units 1-4 of your prescribed Business Mathematics textbook.
• All questions are compulsory.
• All decimal numbers must be rounded off correctly to two decimal places
• Show all your calculations
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The following Learning Outcomes are assessed in this assessment:
• Explain the workings of the number system.
• Perform calculations involving fractions using the four basic operations.
• Apply the four basic operations to whole numbers.
• Apply ratios, fractions, proportions and rates to solve problems in life and in
commerce.
• Apply the basic simplification rules of algebra.
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Question 1 [20 Marks]
If you're writing a story or article for publication, however, you should follow the publisher's
style rule, which may require you to put numbers in words. It's also become acceptable
to use particular fonts and styles while writing numbers. Think about it. Consider this
hypothetical: "I'd love it if the two of you could come to the restaurant with me for dinner."
Being the sole one at the table would make me sad.
Required:
1. Read and write the following whole number in word form.
a) 982,376 (2 marks)
b) 79,061,472 (2 marks)
c) 97,061,472 (2 marks)
d) 98,051,472 (2 marks)
e) 1,007.4 (2 marks)
2. Read and write the following whole number in numerical form.
a) Seven million, fifty-three thousand, twelve (2 marks)
b) Six hundred thirteen ten-thousandths (2 marks)
c) Sixty-four hundredths (2 marks)
d) Eight hundred sixty and ninety-eight hundred-thousandths (2 marks)
e) Six hundred seven thousand one hundred ninety-four and thirty-five thousand
eight hundred twenty-four hundred-thousandths. (2 marks)
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Question 2 [30 Marks]
Knowing what fraction of anything you need, have, or desire is why fractions are so useful.
In baking, fractions are used to indicate the appropriate amount of an ingredient. Time is
expressed as a fraction, with one minute representing a division of one hour.
Required:
1. Approximate 3.764 X 7.1 (3 marks)
2. Approximate 4.764/8.1 using long division (5 marks)
7 5
3. Add 2 8 and 2 8 (4 marks)
4. Use fractions and mixed numbers to solve each of the following. State the answers
as whole numbers, proper fractions, or mixed numbers in the lowest terms.
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a) Last week, East Shore Concrete Co. built a small driveway that required 5 3 cubic
1
yards of concrete. This week, the company must build another one that is 2 2
times larger. How much concrete will be required? (6 marks)
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b) Linda Johanssen had 2 4 quarts of liquid fertilizer in a container. Her supervisor
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asked her to mix 3 of the fertilizer with water and save the remainder. How many
quarts of fertilizer did Linda mix with water? (5 marks)
c) Robert Burke has a diesel-powered generator on his ranch. The generator has a
3
tank that holds 3 4 gallons of diesel fuel. He stores the diesel fuel in 55-gallon
drums (barrels). How many times can Robert refill his generator from one drum
of fuel? (7 marks)
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Question 3 [30 Marks]
Companies may suffer if their employees are unable or unwilling to solve problems on the
job. Workers adept at problem-solving are better equipped to assess workplace obstacles
and find workable solutions. Challenges and unforeseen events are a part of every job in
any company. Employees with strong problem-solving abilities can detect issues,
investigate causes, brainstorm various solutions, and ultimately choose and execute the
one with the most impact.
Required:
1. A company orders carpeting for three offices measuring 15 square yards, 15 square
yards, and 10 square yards, respectively. A carpet dealer sells the carpet for R10 a square
yard and gives a R50 discount when the sale is for three or more offices. How much would
the company pay to have the three offices carpeted? (7 marks)
2. Phoebe Elias owns half of a small bakery. Last week she baked 6 cakes on Monday,
9 on Tuesday, 11 on Wednesday, 8 on Thursday, and 6 on Friday. She sold all the cakes
for R9 each. It cost Phoebe R5 to make each cake; the rest was her profit on each cake.
Phoebe split her profit evenly with her partner. How much did her partner receive from
last week’s cakes? (11 marks)
Note: 𝑈𝑈𝑈𝑈𝑈𝑈 𝑅𝑅𝑅𝑅𝑅𝑅𝑅𝑅 𝑥𝑥 𝑇𝑇𝑇𝑇𝑇𝑇𝑇𝑇 = 𝐷𝐷𝐷𝐷𝐷𝐷𝐷𝐷𝐷𝐷𝐷𝐷𝐷𝐷𝐷𝐷, 𝑓𝑓𝑓𝑓𝑓𝑓𝑓𝑓𝑓𝑓𝑓𝑓𝑓𝑓 𝑓𝑓𝑓𝑓𝑓𝑓 𝑡𝑡ℎ𝑒𝑒 𝑓𝑓𝑓𝑓𝑓𝑓𝑓𝑓𝑓𝑓𝑓𝑓𝑓𝑓𝑓𝑓𝑓𝑓 𝑞𝑞𝑞𝑞𝑞𝑞𝑞𝑞𝑞𝑞𝑞𝑞𝑞𝑞𝑞𝑞𝑞𝑞
3. Jan travelled 175 kilometres in 5 hours. How fast was Jan travelling? (2 marks)
4. Jan and Ahmed start travelling toward each other from 300 kilometres apart. Jan is
travelling at 35 kilometres per hour; Ahmed is travelling at 40 kilometres per hour. How
much time will elapse before they meet? (5 marks)
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5. Mary needs to type a term paper that will be 30 pages long. Each page contains about
200 words. If Mary can type 40 words per minute, how many minutes will it take her to
complete the paper? (5 marks)
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Question 4 [20 Marks]
Algebra is just as important in business as it is in other disciplines. Business owners
employ algebraic procedures to figure out their financial standing. A businessperson will
utilize mathematics to determine whether stocking equipment won't depreciate over time.
In addition, a company owner must determine the minimum price at which a product may
be sold while still turning a profit. Knowing how to do algebraic operations is essential for
anybody working in the financial business because of the prevalence of algebraic
representations of exchange and interest rates.
Simplify the following expressions:
x2 +6x+5
1. (3 marks)
x2 +10x+25
2. Solve for D. (5 marks)
27D
P=
2d−D
3. (24x 3 − 3x 2 + 12x − 18) ÷ 6x (12 marks)
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