APPLIED NUMERACY FOR BUSINESS

AAF020-1
WEEK 2 WORKING WITH NUMBERS
WORKSHOP
Unit coordinator:
[email protected]
PART 1 Excel Introduction
Excel
• Open a blank Excel Workbook
Excel

© Excel Champs
PART 2(A) Content Practice
 TASK 1
Solve the following questions without the use of a calculator:

1. Round 24.918 to the nearest a hundredth, b tenth, and c whole number.

2. Apples pies are two for £11.99. How much will one pie cost?

3. 623.15 734.29 686.26

4. 0.532 3.6

5. 2.38 0.7
 TASK 1
ANSWERS
4. . 5 3 2 3 d.p.
1. (a) 24.92
x 3 . 6 1 d.p.
(b) 24.9
(c) 25 3 1 9 2
1 5 9 6 0
2. 11.99 2 5.995
1 9 1 5 2 4 d.p.
∴ 𝑂𝑛𝑒 𝑐𝑜𝑠𝑡𝑠 £6.00

5. 10
3. 3 . 4
6 2 3 . 1 5
2.38 23.8 7 2 3 . 8
7 3 4 . 2 9 0.7 7 2 1
+ 6 8 6 . 2 6 2 8
10
2 0 4 3 . 7 0 2 8
Still a
decimal 0
 TASK 2
Solve the following questions without the use of a calculator:

1. 1 2 3

2.

3. 6 2

4. 2 3

5. 2
 TASK 2
ANSWERS
1. 9 1 3 2. 5 1 3. 1 5
1 2 3 6 2
24 3 8 12 16 3 12

1 ∗ 24 9 2∗3 1 3∗8 3 LCM=48 6 3 1 2 12 5

24 3 8 3 12
20 3
33 7 27 48 48 19 29
24 3 8 3 12
17
48 76 29
33 56 81 12 12
24 24 24
47 11
3
12 12
170 85 1
=7
24 12 12
 TASK 2
ANSWERS
4. 5 1 2 5. 3 1
2 3 2
9 4 3 8 2

5 2 4 1 3 3 2 3 2 1 1
9 4 3 8 2

5 9 11 3 5
9 4 3 8 2

5 9 11 3 2
9 4 3 8 5

495 55 3 2
108 12 8 5

7 6 3
4 40 20
12
 TASK 3
A monthly sales report for the top four salespeople at JD Sports is
shown below:

Employee Sales Commission Rate Commission

Smith, A. £18,960 3% £568.80

Gill, K. £21,460 3% £643.80

Keynes, B. £17,680 4% £707.20

Victor, D. £23,104 5% £1152.20

Fill in the missing values.

 TASK 3
ANSWERS
Employee Sales Commission Rate Commission

Smith, A. £18,960 3% £568.80

Gill, K. £21,460 3% £643.80

Keynes, B. £17,680 4% £707.20

Victor, D. £23,104 5% £1152.20

1) 18960 0.03 £568.80

2 21460 0.03 £643.80
3 707.20 17680 4%
4 1152.20 23104 5%
 TASK 4
A gym offers both individual and corporate membership.
Individuals can pay a monthly membership fee. Corporate
membership is organised through businesses where firms can
pay for a gym membership on behalf of their employees.
The gym has 1000 members altogether. The ratio of individuals
to corporate members is 3:1.

a) Calculate the number of individual members the gym

has.

b) Corporate members pay £15 per month per person.

Individual members must pay double this amount. What
is the total amount of money received from membership
each month?
 TASK 4
ANSWER
a. Individuals: Corporate b. Step 1: find the revenue from corporate
3:1 membership: 250 × 15 = £3750

Parts: 3 1 4 Step 2: individual members pay 15 × 2 = £30

per month Money earned from individual
One part: 250 𝑚𝑒𝑚𝑏𝑒𝑟𝑠 membership is £30 × 750 = £22 500

The number of individual members is Step 3: add the revenue from corporate
3 250 750 membership and individual membership:
3750 + 22500 = £26250
PART 2(B) Business Application Practice
Business application question
A manager at Subway wants to find the total cost of 24.8 pounds of
sliced turkey at £1.89 a pound and 38.2 pounds of provolone cheese
at £4.52 a pound. Find the final cost.
Business application question
A manager at Subway wants to find the total cost of 24.8 pounds of
sliced turkey at £1.89 a pound and 38.2 pounds of provolone cheese
at £4.52 a pound. Find the final cost.

ANSWER
𝟐𝟒. 𝟖 𝟏. 𝟖𝟗 𝟑𝟖. 𝟐 𝟒. 𝟓𝟐 £𝟐𝟏𝟗. 𝟓𝟒
Business application question
A pizza restaurant has 1000 ounces of mozzarella cheese in its
inventory. Find the number of regular pizzas that can be made if each
uses 8 ½ ounces of mozzarella cheese.
Business application question
A pizza restaurant has 1000 ounces of mozzarella cheese in its
inventory. Find the number of regular pizzas that can be made if each
uses 8 ½ ounces of mozzarella cheese.

ANSWER
1000/(8 ½)117 pizza
Business application question
Ben and Jill are self‐employed and have invested in a retirement plan. They
are thinking about buying individual stocks and are considering the
following companies:

Stock Price last Stock Price this % change from

Company Stock symbol
year year last year

Apple AAPL $94.09 $121.89 29.5%

ExxonMobil XOM $76.29 $85.29 11.8%

McDonald’s MCD $123.79 $122.30 ‐1.2%

Coca‐Cola Co. KO $43.00 $41.88 ‐2.6%

Fill in the missing values.

Business application question
Stock Price last Stock Price this % change from
Company Stock symbol
year year last year

Apple AAPL $94.09 $121.89 29.5%

ExxonMobil XOM $76.29 $85.29 11.8%

McDonald’s MCD $123.79 $122.30 ‐1.2%

Coca‐Cola Co. KO $43.00 $41.88 ‐2.6%

ANSWER:
.
1.
.
1 100 29.5% 3. $123.79
. .

.
2. 76.29 1 0.118 $85.29 4. 1 100 2.6%
Business application question
Three chartered accountants (Roy, Anna and Irene) have decided to
pool their resources by a forming a partnership and dividing profits.
However, to establish the business a sum of $60,000 is required.
Roy is willing to provide $30,000, Anna $10,000 and Irene $20,000.
The partnership agreement states that the profits in the first year will
be shared in the same proportions as their contributions.
If the company makes a profit of $45,000 in the first year, how much
will each accountant receive?
Business application question
ANSWER
• RATIO
Roy:Anna:Irene
30000:10000:20000
3:1:2
• ADD ALL THE PARTS
3+1+2 = 6
• VALUE OF “ONE PART”
𝟒𝟓𝟎𝟎𝟎
𝟕𝟓𝟎𝟎
𝟔
• EACH ACCOUNTANT RECEIVES
• Roy 𝟑 𝟕𝟓𝟎𝟎 𝟐𝟐𝟓𝟎𝟎
• Anna 𝟏 𝟕𝟓𝟎𝟎 𝟕𝟓𝟎𝟎
• Irene 𝟐 𝟕𝟓𝟎𝟎 𝟏𝟓𝟎𝟎𝟎
 Practice questions
Please complete the following
handout:

AAF020‐1 Week 2 WORKSHOP

Practice questions (Student
version).docx

• This will provide you with some

numerical Assessment 1 (AS01)
practice.
• Finish any questions left for
homework.
 WEEK 2 Homework

Go through the lecture Review the Excel

slides and workshop tasks in the
practice questions Timed workshops to
(concentrating on practice (will help you with
understanding the help with the AS02
mathematical methods Business weekly phase
and topics) application testing)
examples (lecture
slide, online
lecture and core
textbooks)