CXC math topic: CONSUMER ARITHMETIC (2010)
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CXC General Proficiency Math Topic: CONSUMER ARITHMETIC (2010) |
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GENERAL OBJECTIVES On completion of this section, students should: 1. develop the ability to perform the calculations required in normal business transactions, and in computing their own budgets; 2. appreciate the need for both accuracy and speed in calculations; 3. appreciate the advantages and disadvantages of different ways of investing money; 4. appreciate that business arithmetic is indispensible in everyday life; 5. demonstrate the ability to use concepts in consumer arithmetic to describe, model, and solve real world problems. |
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SPECIFIC OBJECTIVES: Students should be able to: |
CONTENT | |
| 1. | calculate discount, sales tax, profit or loss; | |
| 2. |
express a profit, loss, discout, markup and purchase tax as a percentage of some value; |
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| 3. |
solve problems involving marked price (or selling price), cost price, percentage profit, loss or discount; |
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| 4. |
solve problems involving payments by installments as in the case of hire purchase and mortgages; |
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| 5. | solve problems involving simple interest, |
Principal, time, rate, amount. |
| 6. | solve problems involving compound interest, appreciation, and depreciation; |
Principal, time, rate, amount (not more than 3 periods) |
| 7. | solve problems involving measures and money; |
Include exchange rate. |
| 8. |
solve problems involving: (a) rates and taxes (b) utilities (c) invoices and shopping bills (d) salaries and wages (e) insurance and investments. |
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Here are our consumer arithmetic tutorials to help you prepare for this section of the CXC math exam |
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