Basicbusinessmath 131221044224-phpapp01

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Basic Business Math
Introductory concepts @ OxfordCambridge.Org all for free and free for all.
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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.

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.

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.

Basic Business Math - Sections List.
 (Section 1) Whole Numbers, Fractions, and Equations.
 (Section 2) Decimals and Percents.
 (Section 3) Ratios and Averages.

(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.

(Section 1) Whole Numbers, Fractions, and Equations – HighPoints.
 Using Whole Numbers to Estimate.
 Using Fractions.
 Solving Equations.

(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.

(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.

(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.

(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.

(Section 2) Decimals and Percents – HighPoints.
 Using Decimals.
 Using Percents.

(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.

(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.

(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.

(Section 3) Ratios and Averages – HighPoints
 Using Ratios.
 Using Averages.

(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..

(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.

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.

Thank you for your interest!

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