- Mathematics General
- Year 11
Consumer Arithmetic
approx. 13 hrs
10 topics
25 concepts
Enrol in Consumer Arithmetic to confidently solve a range of practical financial problems.
approx. 13 hrs
10 topics
25 concepts
Enrol in Consumer Arithmetic to confidently solve a range of practical financial problems.
Consumer Arithmetic reviews the concepts of rate and percentage change in the context of earning and managing money. Students will confidently select appropriate mathematical skills and processes to solve practical financial problems, with and without the aid of a CAS calculator. Students will learn to effectively communicate their arguments and strategies for financial solutions using correct terminology.
This learning program is made up of the following 10 topics, broken down into 25 concepts.
Calculating an income from the government
Calculate weekly, fortnightly, monthly and yearly earnings
Calculate earnings for hourly rates of pay, overtime and special allowances
Calculate earnings based on piecework
Calculate commission including sliding scale
Evaluate a prepared budget
Preparing a budget (weekly/monthly) including income, expenses and savings
Calculate the cost price, given the selling price and percentage profit/loss
Calculate the selling price, given the percentage profit/loss and the cost price
Calculate percentage change including profit and loss
Calculate discounts or markups
Solve problems involving repeated percentage change
Decrease a quantity by a percentage
Increase a quantity by a percentage
Calculate the Goods and Services Tax (GST)
Calculate pre-GST amount of goods and services using the unitary method
Calculate GST-inclusive prices for goods purchased in Australia
Calculate 'best buys' by comparing price per unit
Using the simple interest formula
Calculate compound interest using different compounding periods
Establish and use the formula to find compound interest with annual time periods
Effect of inflation on the cost of goods and wages
Apply an exchange rate to convert between foreign currency and Australian dollars
Application of the price to earnings ratio
Calculation of dividend paid on a share holding and the dividend yield, excluding franked dividends
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