Learning Task 1: Complete the following table. Write your answer in space provided
Discount
Sale Price
1)
2)
3)
Rate of Discount
20%
35%
Selling Price
P950.00
P 550.00
$1,550.00
Original Price
P 950.00
P 550.00
1,550.00
P 697.50
Mark-up Price
Selling Price
4)
5)
6)
Mark-up Rate
20%
35%
Commission
P 697.50
Rate of
Commission
5%
Total Sales
P 15,000.00
7)
8)
14%
$ 20,458.00
Simple Interest
Rate
5.5%
9)
10)
Principal Amount
$ 25,000.00
P 4,200.00
Time
3 years
4 years
P 252.00
Discount
Sale Price
1)
2)
3)
Rate of Discount
20%
35%
Selling Price
P950.00
P 550.00
$1,550.00
Original Price
P 950.00
P 550.00
1,550.00
P 697.50
Mark-up Price
Selling Price
4)
5)
6)
Mark-up Rate
20%
35%
Commission
P 697.50
Rate of
Commission
5%
Total Sales
P 15,000.00
7)
8)
14%
$ 20,458.00
Simple Interest
Rate
5.5%
9)
10)
Principal Amount
$ 25,000.00
P 4,200.00
Time
3 years
4 years
P 252.00
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Answers:
1. Discount = P 190.00
Sale Price = P 760.00
2. Discount = P 192.50
Sale Price = P 357.50
3. Rate of Discount = 45%
Sale Price = P 852.50
4. Mark-up Price = P 190.00
Selling Price = P 1,140.00
5. Mark-up Price = P 192.50
Selling Price = P 742.50
6. Mark-up Rate = 45%
Selling Price = P 2,247.50
7. Commission = P 750.00
8. Total Sales = P 146,128.57
9. Simple Interest = P 4,812.50
10. Rate = 1.5%
Formulas:
Discount = Selling Price x Rate of Discount
Sale Price = Selling Price - Discount
Rate of Discount = Discount / Selling Price
Mark-up Price = Original Price x Mark-up Rate
Selling Price = Original Price + Mark-up Price
Mark-up Rate = Mark-up Price / Original Price
Commission = Total Sales x Rate of Commission
Total Sales = Commission / Rate of Commission
Simple Interest = Principal Amount x Rate x Time
Rate = Simple Interest / (Principal Amount x Time)