• 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.

Available in
ACT NT QLD SA TAS WA

### Overview

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.

### Topics & Concepts We Cover

This learning program is made up of the following 10 topics, broken down into 25 concepts.

• #### Calculating income 5 concepts

1. Calculating an income from the government

2. Calculate earnings for hourly rates of pay, overtime and special allowances

3. Calculate weekly, fortnightly, monthly and yearly earnings

4. Calculate earnings based on piecework

5. Calculate commission including sliding scale

• #### Personal Budget 2 concepts

1. Evaluate a prepared budget

2. Preparing a budget (weekly/monthly) including income, expenses and savings

• #### Percentage Change 7 concepts

1. Calculate the cost price, given the selling price and percentage profit/loss

2. Calculate percentage change including profit and loss

3. Calculate the selling price, given the percentage profit/loss and the cost price

4. Calculate discounts or markups

5. Solve problems involving repeated percentage change

6. Decrease a quantity by a percentage

7. Increase a quantity by a percentage

• #### Goods and Services Tax 3 concepts

1. Calculate the Goods and Services Tax (GST)

2. Calculate pre-GST amount of goods and services using the unitary method

3. Calculate GST-inclusive prices for goods purchased in Australia

• #### Best buys 1 concept

1. Calculate 'best buys' by comparing price per unit

• #### Applications of simple interest 1 concept

1. Using the simple interest formula

• #### Applications of compound interest 2 concepts

1. Calculate compound interest using different compounding periods

2. Establish and use the formula to find compound interest with annual time periods

• #### Inflation 1 concept

1. Effect of inflation on the cost of goods and wages

• #### Foreign currency 1 concept

1. Apply an exchange rate to convert between foreign currency and Australian dollars

• #### Working with shares 2 concepts

1. Application of the price to earnings ratio

2. Calculation of dividend paid on a share holding and the dividend yield, excluding franked dividends

### What you'll get

Learning Content

• A customised learning plan to suit your needs, adapting to your pace as you learn, progress and achieve mastery
• All the content required to help you master the syllabus, including theory, worked examples, exam preparation and practice questions

An Expert Tutor

• We match you to a private, expert tutor who is right for your needs and goals
• Our tutors are talented, tested, top ATAR achievers and subject experts
• During each session, your tutor guides you through your learning program, providing real-time, live expert tutoring in Consumer Arithmetic

Reporting

• Access information at every stage showing what's been mastered, what areas need to be worked on and what's next
• You and your parents receive a comprehensive feedback report after every session
• Every session is recorded and available for you to watch at any time, allowing you to review what was covered

### Ready to start this program?

Simply pick a time that works for you

We'll be in contact to match you with one of our top tutors and book your first session

Starting at

\$49(inc. GST)

per session

Fully flexible

PAYG and bundle plans

Use anytime