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Business Math - I: Rintu Anthony

This document discusses various business math concepts including: 1. Fractions, decimals, proper/improper fractions, and mixed numbers. 2. Methods for rounding decimals and examples. 3. Order of operations for business math equations. 4. Calculating percentages and examples using percentages. 5. Calculating payroll using annual, semi-monthly, and biweekly pay periods. 6. Calculating piecework earnings based on units completed and rate.

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176 views

Business Math - I: Rintu Anthony

This document discusses various business math concepts including: 1. Fractions, decimals, proper/improper fractions, and mixed numbers. 2. Methods for rounding decimals and examples. 3. Order of operations for business math equations. 4. Calculating percentages and examples using percentages. 5. Calculating payroll using annual, semi-monthly, and biweekly pay periods. 6. Calculating piecework earnings based on units completed and rate.

Uploaded by

p mehrok
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PPTX, PDF, TXT or read online on Scribd
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Business Math -I

Rintu Anthony

Canadore College
Basic Math

 Fractions and decimals


 Proper: When denominator is greater than numerator
 Improper fractions: When denominator is less than numerator
 Mixed numbers

 Rounding up of decimal

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  Fraction:
 Ans: 2.5
 Improper fraction
 Question : ¾ (proper )

 Mixed Number : 3
 ((3*2) +5)/2 = 11/2 = 5.5

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Rounding of decimal

 If you have to round this number to 2 decimals : 5.2341


 Ans: 5.23
 If you have to round this number to 2 decimals : 5.2351
 Ans: 5.24
 If you have to round this number to 2 decimals : 5.2346

 5.5 rounded answer :6


 5.4 rounded answer:5

Canadore College
BO->exponential->D (division)M(multiplication)-
>AS (add & subtraction)

1.
 20-4*2-8
 
20-8-8
20-16=4 or 12-8 =4

 30-6/3+5 = 33

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 72/(3*2^2)-6 (remember to solve the exponential term first)
72/(3*4)-6
72/12-6
6-6=0

72/(3*2)^2-6
72/6^2-6
72/36-6
2-6
-4
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  100*[
 Ans: 204

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Percentages

 n/total *100
 If you are getting 25 marks out of 50 , then percentage = 50%
 750 out of 1000, 75%

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Payroll calculation

 Monthly = Annual /12


 Semi monthly= Annual /24
 Biweekly= Annual /26

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 Benazir’s annual salary is $45,000. Her regular workweek consists of four 10-hour
workdays. She is eligible for overtime at “time and a half” on time worked in excess of
10 hours per day or 40 hours per week. Determine her gross earnings in a pay period if
 a. she is paid semimonthly.
 b. she is paid biweekly.
 c. she works 6 hours of overtime in a biweekly pay period.

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Piecework earnings

 Piecework earnings= number of units*piecework rate


 An orchardist pays apple pickers $10 per hour plus $8 per 100 kg of apples picked. If a
worker picks, on average, 180 kg of apples per hour for a 40-hour workweek, what are
the worker’s gross earnings for the week?

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 James manages a men’s clothing store for a national chain. His monthly remuneration
has three components: a $2500 base salary, plus 2% of the amount by which the store’s
total sales volume for the month exceeds $40,000, plus 8% of the amount by which his
personal sales exceed $4000. Calculate his gross compensation for a month in which
his sales totalled $9900 and other staff had sales amounting to $109,260.

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