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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. Using real-world scenarios, this course explains the concepts of ratio, proportion, and how to compare different kinds of numbers; and discusses simple, weighted, and moving averages.

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3. 3. *** About the Structure and Flow of our Presentations *** Business Skills (This picture: Harcourt Hill, West Oxford) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org
5. 5. Basic 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. Business Skills (This picture: Harcourt Hill, West Oxford) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org
6. 6. Basic 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. Business Skills (This picture: Trinity College, Cambridge) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org
7. 7. Basic 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. Business Skills (This picture: Harcourt Hill, West Oxford) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org
8. 8. Basic Business Math - Sections List.  (Section 1) Whole Numbers, Fractions, and Equations.  (Section 2) Decimals and Percents.  (Section 3) Ratios and Averages. Business Skills (This picture: Trinity College, Cambridge) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org
9. 9. (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. Business Skills (This picture: Harcourt Hill, West Oxford) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org
10. 10. (Section 1) Whole Numbers, Fractions, and Equations – HighPoints.  Using Whole Numbers to Estimate.  Using Fractions.  Solving Equations. Business Skills (This picture: Trinity College, Cambridge) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org
11. 11. (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. Business Skills (This picture: Harcourt Hill, West Oxford) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org
12. 12. (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. Business Skills (This picture: Harcourt Hill, West Oxford) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org
13. 13. (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. Business Skills (This picture: Harcourt Hill, West Oxford) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org
14. 14. (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. Business Skills (This picture: Harcourt Hill, West Oxford) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org
15. 15. (Section 2) Decimals and Percents – HighPoints.  Using Decimals.  Using Percents. Business Skills (This picture: Trinity College, Cambridge) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org
16. 16. (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. Business Skills (This picture: Harcourt Hill, West Oxford) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org
17. 17. (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. Business Skills (This picture: Harcourt Hill, West Oxford) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org
18. 18. (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. Business Skills (This picture: Harcourt Hill, West Oxford) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org
19. 19. (Section 3) Ratios and Averages – HighPoints  Using Ratios.  Using Averages. Business Skills (This picture: Trinity College, Cambridge) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org
20. 20. (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.. Business Skills (This picture: Harcourt Hill, West Oxford) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org
21. 21. (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. Business Skills (This picture: Harcourt Hill, West Oxford) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org
22. 22. Basic 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. Business Skills (This picture: Harcourt Hill, West Oxford) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org
23. 23. Business Skills (This picture: Harcourt Hill, West Oxford) Contact Email Design Copyright 1994-2013 © OxfordCambridge.Org