BUSINESS MATHEMATICS

&
STATISTICS
 LECTURE 5
Review of Lecture 4
Basic calculations of percentages, salaries and
investments using
Microsoft Excel
Monday’s Sales were Rs.1000 and grew to Rs. 2500 the
next day

Find the percent change

 CALCULATION
Initial Value =1000
Final Value = 2500
Change = 1500
% Change = 1500/1000 x 100
= 150
HOW many Percent is Next Day’s sale with refernce to
Monday’s Sale?
Mondays’s sale= 1000
Next day’s sale= 2500
Next day’s sale as % = 2500/1000 x 100
= 250 %
= Two and a half times
ow
reference
reference
ow
In the making of dried fruit, 15kg. of fruit shrinks to 3 kg
Find the percent change.
 CALCULATION
Original fruit = 15 kg
Final fruit = 3 kg
Change = 3-15 = -12
% change = - 12/15 x 100
= - 80 %
Size was reduced by 80%
After mixing with water the weight of cotton increased from
3 kg to 15 kg Find the percent change.
 CALCULATION
Original weight = 3 kg
Final weight = 15 kg
Change = 15-3= 12
% change = 12/3 x 100
= 400 %
Weight increased by 400%
 A union signed a three year collective agreement that
provided for wage increases of 3%, 2%, and 1% in
successive years
An employee is currently earning 5000 rupees per month
What will be the salary per month at the end of the of the
term of the contract?
 CALCULATION
5000(1 + 3%)(1 + 2%)(1 + 1%)
=
5000 x 1.03 x 1.02 x 1.01
 Investment for a period of 4 years
Rates of return for each year are 4%, 8%, -10% and 9%
respectively. If you invested Rs. 100,000 at the
beginning of the term, how much will you have at the
end of the last year?
BUSINESS MATHEMATICS
&
STATISTICS