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lectures on Mst 3
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Problem Solving
Naturally enough, problem solving is about solving
problems.
method + answer = solution
method + answer = solution
• method – means used to get an answer
• answer – number, quantity or some other entity that the problem is asking for.
• solution – whole process of solving problem, including the method of obtaining an answer and the answer itself.
Four Stages of Problem Solving
1) Understand and explore the problem;
2) Find a strategy;
3) Use the strategy to solve the problem;
4) Look back and reflect on the solution.
Example:
The length of a rectangle is three times more than its width. Its perimeter is 50. solve for its sides.
Solution:
Let x = short sidex + 3 = L
2x + 2(x + 3) = 50 2x + 2x + 6 = 50
4x = 50 – 6 4x = 44 x = 44/4 x = 11
Therefore:
x = 11; shorter side of the rectangle
x + 3 = 14; length of the rectangle
Thus,
2x + 2(x + 3) = 50
2(11) + 2(14) = 50
22 + 28 = 50 √
Example:
The sum of two numbers is 12. The sum of two times the larger number and three times the smaller number is 29. Find the value of two numbers.
Solution:
Let x = larger numberLet 12 – x = smaller number
2x + 3(12 – x) = 29 2x + 36 – 3x = 29
-x = 29 – 36 -x = -7
x = 7; larger number 12 – 7 = 5; smaller number
Proof:
2 x 7 = 14
3 x 5 = 15
14 + 15 = 29 √
ConsumerMathematics
Consumer Mathematics
presents basic math skills used in everyday situations – paying taxes, buying food, banking and investing, and managing a household.
Sales Commissions
• paid to employees or companies that sell merchandise in stores or by calling on costumers.
• meant to motivate sales person to sell more.
• may be paid in addition to a salary or instead of a salary.
• usually in real estate marketing.
Sales Commissions
• generally a percentage of sales price of an item.
• example:
if a person receives a 10% commission on their sales and sells a P15,000.00 worth of merchandise, they would earn P1,500.00
15000 x 0.1 = 1500
Price Discounts
• stores often sell items for a discounted sales price.
• ex:An item originally costs P200.00 may be
discounted by 25%.
200 x .25 = 50
200 – 50 = 150; sales price
Most terms seen for discounted items:
• 50% off
• Save 50%
• Discounted by 50%
Markup
• original cost plus amount of markup
• ex:If the original cost is P400.00 and the markup is
25%, the sales price should be
400 + (400 x 0.25) = 500
100% + 25% = 125%
400 x 1.25 = 500
Amount of Sales Tax
• determined by finding a percentage of the purchase price.
• percentage of tax called tax rate varies between different cities.
• ex:If the sales tax is 6% and a P1,000.00 purchase
is made, the sales tax is
1000 x .06 = 60
Total Price with Sales Tax
• total purchase plus the sales tax
• If the sales tax is 6% and a P1,000.00 purchase is made, the sales tax is
1000 x .06 = 60
1000 + 60 = 1060
Shipping and Handling
• often assessed to cover the packing and postage or shipping charges for getting the item, usually on mail orders.
• there is frequently a minimum charge for small orders. If the order is more than the minimum, a shipping and handling charge is calculated as a percent of the total purchase price.
Shipping and Handling
• ex:If there is a minimum charge of P50.00 on
orders less than P500.00 or 10% of the total order price, and your order is P650.00, the shipping and handling would be
650 x 0.1 = 65
The total cost would be
650 + 65 = 715
Simple Interest
• Interest = Principal x Rate x Time
• ex:If P10,000.00 was borrowed for 2 years at a
10% interest, the interest would be
10000(2)(0.10) = 2000
The total amount that would be due
10000 + 2000 = 12000
Simple Interest
Compound interest is similar but the total amount due at the end of each period is calculated an further interest is charged against both the original principal but also the interest that was earned during that period.
Unit Price of Items
• the cost for each unit.
• the unit price may be calculated to find the cost of a single item when many items are purchased together.
• required if the items are going to be resold or divided among several people with each person paying the fair share of the cost based on how many items they receive.
Cost Based on Unit Price
• may be calculated when the unit cost is known and the quantity that will be purchased is decided.
• ex:If a meal cost P65.00 is served for 100 persons,
the total cost is
100(65) = 6500
Group 1 Reporters
Bengan, Catherine Rose
Castro, Karen Kae
Ebarle, Giff
Flores, Fritz
Isip, Christine
Jalad, Ma. Adela
Nombrado, Lady Dianne