basic business math
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![Page 1: Basic Business Math](https://reader038.vdocuments.mx/reader038/viewer/2022102808/55d5043cbb61eb09258b45cb/html5/thumbnails/1.jpg)
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The Seeds Of Learning
OxfordCambridge.Org
Basic Business Math
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The Seeds Of Learning
OxfordCambridge.OrgThe Seats of Learning
‘knowledge can free the mind’
Welcome!
![Page 3: Basic Business Math](https://reader038.vdocuments.mx/reader038/viewer/2022102808/55d5043cbb61eb09258b45cb/html5/thumbnails/3.jpg)
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rg *** About the Structure and Flow of our Presentations ***
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• Basic Business Math
• Introductory concepts @ OxfordCambridge.Org all for free and free for all.
• The information gathered here is under KeyPoints format and may be use:• - Either to give the reader an overview before deciding for a full scale study of the
topic.• - Or act as a study guide for learners in expanding their knowledge on that given topic.
• Some recommendations, perhaps:
• - Identify each KeyPoint on which you feel a need to expand your knowledge,
• - Choose a good book or academic magazine and info from the Internet.
• - And then work towards gaining that knowledge, at your own pace.
• Please enjoy!
KeyPoints to develop in your own time!
What?
How?
![Page 5: Basic Business Math](https://reader038.vdocuments.mx/reader038/viewer/2022102808/55d5043cbb61eb09258b45cb/html5/thumbnails/5.jpg)
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rgBasic Business Math – Summary.
☺ To answer questions of business math, you will review crucial terms, basic mathematical concepts, and how to apply concepts to the business environment.
☺ A basic understanding of decimals and percentages is key to any businessperson, whether tallying costs for warehouse supplies or estimating resource allocation.
☺ Therefore learn to use decimals, addition, subtraction, multiplication, and division; and to solve problems involving percentages.
☺ Also, knowledge of ratios and averages is indispensable in the business world.
![Page 6: Basic Business Math](https://reader038.vdocuments.mx/reader038/viewer/2022102808/55d5043cbb61eb09258b45cb/html5/thumbnails/6.jpg)
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rgBasic Business Math - Aim of publication.
To bring some introductory concepts to the reader or the learner who are interested apply basic math skills to business.
![Page 7: Basic Business Math](https://reader038.vdocuments.mx/reader038/viewer/2022102808/55d5043cbb61eb09258b45cb/html5/thumbnails/7.jpg)
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rgBasic Business Math - Learning Objectives.
☺ After developing the KeyPoints outlined in this publication, you should mainly be able to:
recognize the value of using and rounding whole numbers to estimate in business applications.
choose the necessary operation to solve a problem using fractions.
convert a business problem into an equation.
solve a problem in a hypothetical business situation.
calculate base, given portion and rate.
express ratios as decimal numbers and percentages.
determine the correct ratio and convert it to percentage.
solve a problem determining a simple average.
![Page 8: Basic Business Math](https://reader038.vdocuments.mx/reader038/viewer/2022102808/55d5043cbb61eb09258b45cb/html5/thumbnails/8.jpg)
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rgBasic Business Math - Sections List.
(Section 1) Whole Numbers, Fractions, and Equations.
(Section 2) Decimals and Percents.
(Section 3) Ratios and Averages.
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rg(Section 1) Whole Numbers, Fractions, and Equations – Summary.
☺ What are whole numbers and how are they estimated?
☺ How are fractions used in mathematical operations?
☺ How do you find the unknown variable to solve an equation?
☺ To answer such questions of business math like these, you will review crucial terms, basic mathematical concepts, and apply concepts to a business environment.
![Page 10: Basic Business Math](https://reader038.vdocuments.mx/reader038/viewer/2022102808/55d5043cbb61eb09258b45cb/html5/thumbnails/10.jpg)
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rg(Section 1) Whole Numbers, Fractions, and Equations – HighPoints.
Using Whole Numbers to Estimate.
Using Fractions.
Solving Equations.
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rg(Section 1) HighPoints: Using Whole Numbers to Estimate.
☺ recognize the value of using and rounding whole numbers to estimate in business applications.
☺ match whole numbers, fractions, and mixed numbers to examples.
☺ round numbers to specified place values.
☺ round whole numbers to a given place value and use those numbers to make an estimate in a business environment.
![Page 12: Basic Business Math](https://reader038.vdocuments.mx/reader038/viewer/2022102808/55d5043cbb61eb09258b45cb/html5/thumbnails/12.jpg)
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rg(Section 1) HighPoints: Using Fractions.
☺ know the benefits of using fractions in the workplace.
☺ convert the improper fractions to mixed numbers.
☺ solve an addition or subtraction problem using fractions.
☺ multiply fractions.
☺ solve a multiplication problem using fractions.
☺ divide fractions.
☺ solve a division problem using fractions.
☺ choose the necessary operation to solve a problem using fractions, and solve the problem in a workplace situation.
![Page 13: Basic Business Math](https://reader038.vdocuments.mx/reader038/viewer/2022102808/55d5043cbb61eb09258b45cb/html5/thumbnails/13.jpg)
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rg(Section 1) HighPoints: Solving Equations.
☺ recognize the benefits of knowing how to solve equations in the workplace environment.
☺ convert a business problem into an equation.
☺ convert a problem into an equation and solve that equation.
☺ sequence the rules of order of operations.
☺ apply the order of operations to solve an equation in a hypothetical workplace case.
![Page 14: Basic Business Math](https://reader038.vdocuments.mx/reader038/viewer/2022102808/55d5043cbb61eb09258b45cb/html5/thumbnails/14.jpg)
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rg(Section 2) Decimals and Percents – Summary.
☺ A basic understanding of decimals and percentages is key to a businessperson, whether tallying costs for warehouse supplies or estimating resource allocation.
☺ The KeyPoints that follow are to instruct the learner in the following manner:
how to use decimals, including addition, subtraction, multiplication, and division;
how to solve problems involving percentages to determine portions, a rate, a whole unit, and increases and decreases;
how to apply these operations in business settings.
![Page 15: Basic Business Math](https://reader038.vdocuments.mx/reader038/viewer/2022102808/55d5043cbb61eb09258b45cb/html5/thumbnails/15.jpg)
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rg(Section 2) Decimals and Percents – HighPoints.
Using Decimals.
Using Percents.
![Page 16: Basic Business Math](https://reader038.vdocuments.mx/reader038/viewer/2022102808/55d5043cbb61eb09258b45cb/html5/thumbnails/16.jpg)
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rg(Section 2) HighPoints: Using Decimals.
☺ recognize the importance of understanding decimals in the workplace.
☺ match various digits in a decimal number with their appropriate place values.
☺ add and subtract decimals.
☺ add or subtract decimals to solve a problem in a hypothetical business situation.
☺ multiply decimals.
☺ multiply decimals to solve a problem in a business environment.
☺ divide decimals.
☺ divide decimals to solve a problem in a hypothetical business situation.
![Page 17: Basic Business Math](https://reader038.vdocuments.mx/reader038/viewer/2022102808/55d5043cbb61eb09258b45cb/html5/thumbnails/17.jpg)
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rg(Section 2) HighPoints: Using Percents.
☺ value the benefit of knowing how to work with percents.
☺ compare partial quantities of a whole unit using simple percentages.
☺ calculate portion, given rate and base.
☺ calculate portion in a hypothetical business situation.
☺ calculate rate, given portion and base.
☺ calculate the percent of one number compared to another in a business situation.
☺ calculate base, given por tion and rate.
☺ calculate the base in a hypothetical business scenario, given portion and rate.
![Page 18: Basic Business Math](https://reader038.vdocuments.mx/reader038/viewer/2022102808/55d5043cbb61eb09258b45cb/html5/thumbnails/18.jpg)
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rg(Section 3) Ratios and Averages – Summary.
☺ Whether tracking profitability or portraying the rate of inventory consumption, knowledge of ratios and averages is indispensable in the business world.
☺ Using real cases scenarios, learn to explain the concepts of ratio, proportion;
☺ And also how to compare different kinds of numbers; and discusses simple, weighted, and moving averages.
![Page 19: Basic Business Math](https://reader038.vdocuments.mx/reader038/viewer/2022102808/55d5043cbb61eb09258b45cb/html5/thumbnails/19.jpg)
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rg(Section 3) Ratios and Averages – HighPoints
Using Ratios.
Using Averages.
![Page 20: Basic Business Math](https://reader038.vdocuments.mx/reader038/viewer/2022102808/55d5043cbb61eb09258b45cb/html5/thumbnails/20.jpg)
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rg(Section 3) HighPoints: Using Ratios.
☺ recognize the benefits of using ratios in the workplace.
☺ reduce ratios to their simplest forms.
☺ express ratios as decimal numbers and percentages.
☺ determine the correct ratio and convert it to a decimal or percentage.
☺ solve for the missing variable in a pure math problem.
☺ solve for an unknown quantity in two business scenarios given an equality between two ratios.
☺ solve rate problems using the appropriate method.
☺ solve for the missing variable in rate problems, given hypothetical business situations..
![Page 21: Basic Business Math](https://reader038.vdocuments.mx/reader038/viewer/2022102808/55d5043cbb61eb09258b45cb/html5/thumbnails/21.jpg)
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rg(Section 3) HighPoints: Using Averages.
☺ recognize the value of using averages in the workplace.
☺ solve a problem determining a simple average.
☺ determine a weighted average in a pure math problem.
☺ solve a problem to determine a weighted average in a hypothetical case.
☺ calculate a moving average in a pure math problem.
☺ solve a problem to determine a continuing simple moving average.
![Page 22: Basic Business Math](https://reader038.vdocuments.mx/reader038/viewer/2022102808/55d5043cbb61eb09258b45cb/html5/thumbnails/22.jpg)
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rgBasic Business Math – Conclusion.
☺ At this point you should be able to be familiar with the following:
rounding numbers to specified place values.
using fractions in the workplace.
solving equations in a workplace environment.
understanding decimals in the workplace.
knowing how to work with percents.
calculating portion, given rate and base.
missing variable in a pure math problem.
using ratios in the workplace.
determining a simple average.
moving average in a pure math problem.
![Page 23: Basic Business Math](https://reader038.vdocuments.mx/reader038/viewer/2022102808/55d5043cbb61eb09258b45cb/html5/thumbnails/23.jpg)
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The Seeds Of Learning
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Thank you for your interest!
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