situation is one involving two or more individuals who take account of each other for some purpose This is a topic that many people are looking for. newyorkcityvoices.org is a channel providing useful information about learning, life, digital marketing and online courses …. it will help you have an overview and solid multi-faceted knowledge . Today, newyorkcityvoices.org would like to introduce to you Real Life Problems Involving Fraction, Decimal and Percent | Business Mathematics. Following along are instructions in the video below:
Hello everyone welcome back to my channel. We will be having business mathematics in this this video so to all abm students or teachers make sure that you are going watch the entire video in the previous videos that i have posted we talk about fractions decimals and percent now let us see the importance and use of these three fundamental concepts in business mathematics. So here.
We will be having the real life problems. Involving fractions decimals and percent lets begin with the learning objectives at the end of the lesson. You should be able to give real life situations to illustrate fractions decimals and percent solve problems involving fractions decimals and percent related to business as an epm student.
You should be able to answer. The essential question. What business related situations or problems.
Can fractions. Decimals and percent be applied take a look at these pictures this will represent some of the several real life situations that deal with fractions decimals and percent in everyday living. We make use any of this when we cook or bake.
We follow certain measurements for the ingredients thus we work with fractions when we use our money to pay our bills. We work with decimals when we deal with discounts. We usually use percent to represent them likewise in business.
This are essential tools that one should know how to deal with like in computing financial statements and in dividing profits. Lets start solving real life business problems involving fractions problem involving fraction the three are sisters rachel. Rain and riella earn a net profit of 90 000 from their online makeup business.
If rachel has a share of two fifths rain has one half and riella has one tenth how much is the share of each one in the net profit of their business. As we can see in this problem. The three are sisters.
Rachel rayne and riella has to divide the 90 000. Among themselves based on the division of shares stated. In this problem.
As for rachel. She will get the two fifths of the 90 000. To do that we have to multiply fifths and ninety thousand.
And when we multiply this two we have to multiply the numerator. Which is two by ninety thousand. Then we have hundred eighty thousand music divided by five and well be able to get a value of thirty six thousand for rain.
She will get one half of the net profit. So one half times ninety thousand this is equivalent to ninety thousand over two simplify. We have a value of forty five thousand music last for yella.
She will get one tenth of ninety thousand and this gives us ninety thousand over ten which is equivalent to nine thousand so here as we can see rachel will get thirty six thousand rain will have forty five thousand and riello will have nine thousand and to check. If we did it right just simply add these three values thirty six thousand forty five thousand and nine thousand and as we can see when we added this three. It will result to ninety thousand problem number two sally works at gsm investments and receive a check of ninety thousand.
She deposited 5 12 of the check in her savings account. How much money does sally have left after the deposit. Here.
The first thing that we have to look for is the amount that sally deposited in our savings account. Because the given or the value 90 000. And the fractional value that she deposited in her account.
So what we have to do here is to multiply the 90 000. And five twelves again by doing this we will be able to know how much sally deposited in our savings account. So ninety thousand times five.
We have four hundred fifty thousand divided by twelve this gives us a value of thirty seven thousand five hundred so this is the amount that sally deposited in our syrians. Account. Now.
We are looking for how much money does sally have left after the deposit. So what we have to do with this value is to subtract this from 90 000. So we have ninety thousand minus thirty seven thousand five hundred and the value is fifty two thousand five hundred so fifty 52 500.
Is the amount left for size after fractions. Lets now have some problems involving decimals problem number one money is selling 142 yards of cloth. Which he puts on sale for 25 pesos and 75 centavos per yard.
What is the total profit you will get from selling the cloth here since we have the number of yards of cloth. Which is 142 and the price per yard to know for the total profit. We will just simply multiply 142 and 25 pesos and 75.
Centavos so we have 142 music times 2575. And when we multiply these two values. It will result to 3656 and 50 centavos music.
3650 pesos and 50 centavos is the moneys total profit in selling 142 yards of cloth problem number two in a cornco company a small box with 1 to 10 kilograms is worth 1250 pesos for an air cargo for an additional. It is 125. Pesos and 50.
Centavos per kilogram. How much will be the cost. If you have a small box weighing.
15 kilograms. It says in this problem that if your box weighing. 1.
To 10 kilograms. You are just going to pay 1250 pesos. But here.
The question is how much is the cost if we have 15 kilograms so since it is higher than 10 kilograms it means to say that there is an additional amount to 1250 so first we have 10 kilograms. Which is worth 1250. Plus.
The excess of 5. Kilograms and this gives us the 15. Kilograms so each kilo excess is.
12550. So we have 125 point 50 times five performing this. Operations we will be having an answer of 1250.
Plus. 62750 and this gives us a value of 187750. Music.
So. 1877. And 50 centavos is the cost of a small box weighing.
15 kilograms last. We have the real life problems involving percent problem number one out of a salary of 24. I kept one third as savings out of the remaining money i spent forty percent on food and twenty percent on house rent how much do i spend on food and house strength before we solve how much you spend on food and house rent.
We need to get first the one third of the 24 600. Since one third of the money goes to your cvs. So 24 600.
Times. One third gives us a value of eight thousand two hundred so this amount goes to savings now where are we going to get the food and the house trend. It is from the remaining value after deducting 8200.
So we have 24 600 minus eight thousand two hundred and this gives us a value of sixteen thousand four hundred now since we have the remaining money sixteen thousand four hundred music. This is where we are going to take out the forty percent of food and the twenty percent of house rent so first sixteen thousand four hundred times. The forty percent or zero point.
Forty is equal to six thousand five hundred sixty. So this one is the amount for food next sixteen thousand four hundred times zero point. Twenty is equal to three thousand two hundred 280.
Which is for the house rent music next. Problem. Abc.
Show company has a current process of 315 000. Last. One.
The companys sales were 280 000. How much is the increase in the gross sales. So again.
According to the problem. The current sales is 315. 000.
Music and the last one 280 000. Next. We have to look for the rate of increase to solve for the rate of decrease.
What we have to do is to get the difference of 315 and the 280 000. Music divided by the last month sales since. We are talking about the rate of.
Increase so here we have 35 000 over. 280 000 is equivalent to. 0125 or in.
Percent that is 125. So this is the rate of increase in the gross sales. We are now done with our discussion.
It is your turn to solve some problems to check your understanding you may pause. The video to answer. The given problem music.
Lets check your answer letter. A the answer is 3. And 1 4.
Kilos. And letter b. The answer is 390 pesos next item.
The answer here is 20 here are the key takeaways. There are several situations that require us to deal with fractions decimals and percent in business. These concepts are used commonly in dividing profits in taking measurements in using money in paying interest and many more thus.
It is indeed necessary to have better understanding on these concepts to solve various business problems. That you might encounter in the future. Aside from what has been presented can you name other applications of fractions decimals and percent in business.
Heres the end of the discussion. Hope you have learned a lot from this video. Please continue supporting my channel by liking the video subscribing to my channel and by clicking the notification bell for more updates stay tuned for the next video bye everyone .
Thank you for watching all the articles on the topic Real Life Problems Involving Fraction, Decimal and Percent | Business Mathematics. All shares of newyorkcityvoices.org are very good. We hope you are satisfied with the article. For any questions, please leave a comment below. Hopefully you guys support our website even more.