Cabramatta High School

Mathematics Faculty
Teaching Program
 Financial Mathematics
Syllabus Code: MA4-6NA Stage/Year: 4
Syllabus Outcomes:  communicates and connects mathematical ideas using appropriate terminology,
diagrams and symbols
MA4-1WM
 applies appropriate mathematical techniques to solve problems MA4-2WM
 recognises and explains mathematical relationships using reasoning MA4-3WM
 solves financial problems involving purchasing goods MA4-6NA
Content Teaching Strategies
Calculate GST and GST-inclusive prices for goods  Use purchased receipts from supermarket or restaurant to
purchased in Australia, given the pre-GST price interpret GST information and GST-inclusive price. Subtract GST
from GST-inclusive price to calculate the pre-GST price or vice
verse.
 Use the GST information from purchased receipt to show and
explain why the value of the GST itself is not equivalent to 10%
of the GST-inclusive price
Determine the pre-GST prices for goods, given the  Calculate the pre-GST prices for goods by subtracting GST from
GST-inclusive price GST-inclusive price
Solve problems involving discounts, including  Use percentage of a number to calculate the discount amount
calculating the percentage discount  Subtract the discount amount from the original price to find out
the after discount price
 Use real life examples about discount (eg ‘buy one get one
free’, 50% off, ‘buy one and get another at half price’ etc,..) do a
comparison to determine which special offers save customers
more.
Calculate 'best buys' by comparing price per unit, or  Use division to calculate price per unit or quantity (eg per gram,
quantity per monetary unit, eg 500 grams for $4.50 per kilogram or per box etc)
compared with 300 grams for $2.75  Calculating “unit price”of different goods to the the same unit
or quantity to determine best buy
Solve problems involving profit and loss, with and  Use the given percentage profit/loss on the cost price to
without the use of digital technologies calculate the selling price
 Express profit/loss as a percentage of the cost price using this
amount 100

formula total 1
 Use percentage of a number to calculate profit/loss and then
subtract the profit/loss from the given selling price to calculate
the cost price