Business Mathematics

Tutorial 2

1. A person pays no tax on the first P3500 of earnings and then 23% tax on the
remainder of earnings. If he/she wishes to have P15000 net of tax earnings,
what gross earnings (to the nearest Pula) does he/she need?
2. An item priced at P90.68, including local sales tax at 19%, is reduced in a
sale by 20%. The new price before sales tax is added is...
3. Express 4.6 as:
a. A ratio compared to 23.0
b. A percentage of 23.0
4. Evaluate 30% of 450
5. For a particular company’s shares, the ratio of the price to its earnings
(known as the P/E) ratio) is 18.5. If the earnings per share figure is P1.50,
what is the price per share?
6. If a variable A, increases by 8%, what does it become?
7. If a variable B, changes to 0.94B, what percentage change has occurred?
8. Suppose Tom has P12 and Dick has P8, The ratio of Tom’s cash is..
9. A, B, C and D wish to share P600 in the ratio 6:1:2:3. How much will each
receive?

10. Tom, Dick and Harry wish to share out P800. Calculate how much each
would receive if the ratio used was:
a. 3:2:5
b. 5:3:2
c. 3:1:1

11.Suppose there are 14 women in an audience of 70. What proportion of the

audience are men?
12.There are 30 students in a classroom, 17 of whom have blonde hair. What
proportion of the students do not have blonde hair
13.A skirt which cost the retailer P75 is sold at a profit of 25% on the selling
price. The profit is therefore
14. 3 years ago a retailer sold action man toys for P17.50 each. At the end of
the first year he increased the price by 6% and at the end of the 2 nd year by
a further 5%. At the end of the 3rd year the selling price was P20.06. The
percentage price change in year 3 was... (to the nearest whole percent)

Tutorial 2 Extra questions

1. An article in a sales catalogue is priced at 125 including sales tax at

17.5%. The price excluding sales tax to the nearest thebe is

2. Three years ago a retailer sold products TS for P30 each. At the end of
the first year he increased the price by 5% and at the end of the second
year by a further 6%. At the end of the third year the selling price was
P35.73 each. The percentage price change in year 3 was

3. Three years ago a garden centre sold hanging baskets for P27.50 each.
At the end of the first year they increased the price by 8% and at the end
of the second year by a further 4%. At the end of the third year the
selling price was P30.27 each. The percentage price change in year 3
was...

4. An article in a sales catalogue is priced at P289, including sales tax at

17.5. The price, excluding sales tax, to the nearest thebe is....