More Related Content Similar to Basic Business Math (20) More from Marius FAILLOT DEVARRE (20) Basic Business Math3. *** About the Structure and Flow of our Presentations ***
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4. Basic Business Math
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- 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,
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- And then work towards gaining that knowledge, at your own pace.
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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.
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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.
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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.
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8. Basic 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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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.
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10. (Section 1) Whole Numbers, Fractions, and Equations – HighPoints.
Using Whole Numbers to Estimate.
Using Fractions.
Solving Equations.
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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.
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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.
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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.
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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.
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15. (Section 2) Decimals and Percents – HighPoints.
Using Decimals.
Using Percents.
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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.
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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.
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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.
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19. (Section 3) Ratios and Averages – HighPoints
Using Ratios.
Using Averages.
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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..
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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.
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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.
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24. Thank you for your interest!
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