ASSIGNMENT

JANUARY 2015 SEMESTER

SUBJECT CODE

: MBM 202

SUBJECT TITLE

: BUSINESS MATHEMATICS

LEVEL

: BACHELOR

STUDENTS NAME

MATRIC NO.

PROGRAMME

ACADEMIC FACILITATOR

LEARNING CENTRE

KUALA LUMPUR

INSTRUCTIONS TO STUDENTS
1) This assignment consists of TWO (2) parts. Answer ALL questions.
2) Plagiarism in all forms is forbidden. Students who submit plagiarised assignment will be
penalised.
3) This assignment carries 30% in Part A and 30 % in Part B.
4) Please submit your assignment answer via myAeU LMS (online submission).

THERE ARE TWO [9] PAGES OF QUESTIONS EXCLUDING THIS PAGE.

DECLARATION BY STUDENT
I certify that this assignment is my own work and is in my own words. All sources have been
acknowledged and the content has not been previously submitted for assessment to Asia e
University or elsewhere. I also confirm that I have kept a copy of this assignment.
Signed: _____________________________

ASSIGNMENT_ MBM 202_ BUSINESS MATHEMATICS _0115

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PART A: ASSIGNMENT 1
TOTAL: 100 Marks (30%)
INSTRUCTION: Answer ALL questions.

Question 1
a)

Determine the place value for each digit in the number and express the numbers in words:
i.
ii.
iii.
iv.
v.

4,891
6,901,763
27,081,986
3,981,027,344
10,782,762,956
(5 marks)

b)

Express the following numbers in numeral form.

i.
ii.
iii.
iv.
v.

c)

Four million, three hundred one thousand, five hundred.

Thirty-five billion, four hundred twenty-two million, three hundred fifty-four thousand,
one.
Fifty-four thousand, eight hundred and ninety.
Twenty-five million, one hundred fifty thousand, three hundred.
Seventy-two million, six hundred forty thousand, nine hundred ninety and twenty.
(5 marks)

Solve the following:

i. Round the numbers below to the nearest thousand.
1,235
8,902,456
ii.

Round the numbers below to the nearest ten thousandth.

5,921.665723
88,776.771549

iii.

Round the numbers below to the nearest hundred.

7,789,627
6,902
(3 marks)

d)

Given the number 256.9801

i. the digit in the tenths place is:
ii. the digit in the hundreds place is:
iii. the digit in the ( ) place is 1.
iv. the digit in the ( ) place is 8.
(2 marks)

e)

Solve the problems below:

i. Find the sum of 44 + 4.1123 + 5.87 + 0.67
ii. Mary works 5.5 hours during the weekdays. She works 4.5 and 3.3 hours on
Saturday and Sunday respectively. What is the total working hours she had worked?

ASSIGNMENT_ MBM 202_ BUSINESS MATHEMATICS _0115

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iii. Mr. Wong purchased a motorbike for RM 12,568. He made a down payment of RM
5,500. If he want to pay back the remaining amount in two years, what is the monthly
installment he needs to pay?
iv. Kim earns RM 5.5 per hour. If she works an average 5.65 hours a day, how much
does she earn in January? (She works five days a week)
v. An accountant reviewed the firms monthly bank statement for March 2014. She
realized an activity fee of RM 90.65 for processing 98 cheques. How much did the
bank charge to process each cheque?
(5 marks)

(TOTAL : 20 Marks)
Question 2
a.

i)

Convert the following mixed numbers to improper fractions.

ii)

iii)

iv)

v)
(2.5

marks)

b. Convert the following improper fractions to mixed numbers. (your answers must be in the
lowest terms)

i)

ii)

iii)

iv)

v)
(2.5

c.

marks)

Find the sum for the problems below:

i)

ii)

iii)8

iv)

v) 5, 7

(5 marks)
d. Solve the subtraction problem below:

i)

ii)

iii)

iv)

v)

(5 marks)
e.

Solve the problems below (answers in decimal number):

ASSIGNMENT_ MBM 202_ BUSINESS MATHEMATICS _0115

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i) x

ii)

iii)

iv)

v)
(5 marks)

(TOTAL: 20 Marks)
Question 3
a.

Convert the following decimals to percentages.

i) 0.05

ii) 0.243

iii) 1.23

iv) 0.87

v) 0.55
(2.5 marks)

b.

Convert the following percentages to decimals.

i) 1.56 %
c.

ii) 4.55 %

iii) 12.77 %

iv) 30.7 %

v) 22%

(2.5 marks)

Convert the following fractions to percentages.

i)

ii)

iii)

iv)

v) 2
( 2.5 marks)

d.

Convert the following percentages to fractions.

i) 56.8 %

ii) 12.78 %

iii) 56.99 %

iv) 33.56 %

v) 12%
( 2.5 marks)

e.

Solve the problems below:

i.

Mr. Steven purchase a book worth RM 55.98. The shop keeper offers him 23% discount.
How much is the part that he does not need to pay?
(1 mark)

ii.

CIMA Bank increases the annual saving interest rate by 0.06 % in order to attract more
customers. Ms. Jayanthi has a RM 5,000 saving and the interest she receives is RM 5.5
annually before the increment of interest rate has increased. What is the new saving
interest rate?
(2 marks)

iii.

Mrs. Beck divided a cake into 5 parts. 25 % of each part is made of apple, 50 % made of
orange and the remaining 25% of cheese. In order to make the cake, she spends
RM10.00 to buy apple, RM 5.50 to buy orange and RM 14.67 to buy cheese. How much
is the cost for each part of the cake she spends on fruits.
(3 marks)

ASSIGNMENT_ MBM 202_ BUSINESS MATHEMATICS _0115

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iv.

You are selling story books. The production cost for each story book is RM 5.65 and you
want to earn a profit margin of 70%. The government imposes a sale tax at 0.5 % on
each book you produce but you can transfer the burden of this tax to the consumer. What
is the selling price for each book if you do not want to pay the sales tax? What is the total
profit if you sell 40 books?
(4 marks)

(TOTAL : 10 Marks)
Question 4
a.

Briefly define the following:

i.

Invoice

ii.

List price

iii.

Trade discount

iv.

Net price

v.

Cash discount
(2.5 marks)

b.

Ms. Jackson is a retailer who purchases stock from Kim Huat Sdn. Bhd which issues has
given her an invoice with the following details:
Unit Price: RM 55.00
Total Order: 600
Delivery charges: RM 150
Discount: 20 %

How much is the total trade discount? What is the net price after the trade discount? How much
does Ms. Jackson need to pay to Kim Huat Sdn. Bhd?
(5 marks)
c.

Padimi offers a discount for several products. Find the net price for each product below after
the chain discount.

Jeans RM 256.99 less 10/12

Shirt RM 180.80 less 20/15/10
Shorts RM 65.50 less 35/5
Dress RM 278 less 15/10
Hat RM 50.98 less 5/10
(2.5 marks)

ASSIGNMENT_ MBM 202_ BUSINESS MATHEMATICS _0115

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d.

An invoice, dated May 31 with its terms 10/7, n/14, is issued to Mr. Lee. The list price of the
item bought is RM 1500.50. Find:
i.

Cash Discount

ii.

Final discount date

iii.

Net price after the cash discount

iv.

Due date of the invoice

(4 marks)

e. The total of an invoice with cash discount terms of 5/20, n/30. The total unit of goods
purchased is 400 unit and each unit priced RM 35.67. The customer purchased the items on
1 January. The flight rate is based on the total unit of good purchased as stated below:
1- 100: RM 0.50 per unit
101-200: RM 0.40 per unit
More than 201: RM 0.35 per unit
i.

Find the total charges of delivery.

ii.

Find the net price before discount.

iii.

Find the total cash discount.

iv.

Find the net price after discount.

v.

Find the final discount date

vi.

Find the total payment to be made.

(6 marks)

(Total : 20 Marks)
Question 5
a. Fill the empty space in the table below, if the markup amount is based on the cost.
Original Cost
i RM 45.00
ii RM 34.80
iii
iv RM 185.70
v

Markup Percentage
20%
55.55%
20%

Markup Amount

70.5%

RM 65.00

Selling Price

RM 10.80
RM 250

(10 marks)
b. If the markup percent based on selling price is 35%, what is its markup percent based on
cost?
ASSIGNMENT_ MBM 202_ BUSINESS MATHEMATICS _0115

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(1 mark)
c. If the markup percent based on cost is 28.5%, what is the markup percent based on selling
price?
(1 mark)
d. Company Fiwe wants to clear all the remaining stock at the end of the year. It sets a
markdown percent at 5%. If the original price is RM 550, what are the markdown amount and
the sale price?
(2 marks)
e. Mr. Ahmad bought a wall clock for RM 350.50. If the operating expenses amounted to 15% of
the selling price and net profit was 15% of the cost, find the
i. net profit
ii. selling price
iii. breakeven price
(3 marks)
f. May purchased a laptop for RM 288.88. The operating expenses for the laptop were 15% of
the cost. May made a 20% net profit based on cost when the laptop was sold. Find the
i. gross profit
ii. selling price of the laptop
iii. breakeven price of the laptop
(3 marks)
(Total : 20 Marks)

PART B: ASSIGNMENT 2
TOTAL: 100 Marks (30%)
ASSIGNMENT_ MBM 202_ BUSINESS MATHEMATICS _0115

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INSTRUCTION: Answer ALL questions.

QUESTION 1
a.

Answer the question below with the information given:

Principal
RM 500
RM 5000
RM 1.5 million

Interest Rate
0.098%
3.33%
5.55%

Time
22 March 2012 5 September 2013
20 February 2011 5 May 2014
10 April 2010 22 October 2010

Find the interest amount for each of the above using:

i.
exact time and exact simple interest
ii.
exact time and ordinary simple interest
iii.
approximate time and exact simple interest
iv.
approximate time and ordinary simple interest
(6 marks)
b.

Fill the empty space in the table below:

Principal
RM 15,000
RM 20,250
RM 54,300

Rate
9%
4.5%
8.5%

Time
1.25 years
60 days
10 weeks

Interest

Simple Amount
RM 23,750
RM 14,000

RM 1000
(4 marks)

c. Mary borrowed RM 24,000 for 13 months from Public Bank. The banker discounts the note at
12%. Find the amount of the discount and the proceeds.
(2 marks)
d. Rahima needs RM 150,000 to start up a business. Find the face value of a note that will
provide the RM 150,000 in proceeds if he plans to repay the note in 240 days. The bank
charges are at a 15% discount rate. Is this an interest-bearing note or non interest bearing
note?
(3 marks)
e. Ben received a note for RM 10,000 with interest at 10% per annum. The note dated 14
February 2006 was due in 6 months. The note was discounted on 15 May 2006 at a bank that
charges 5% discount. Find the maturity date, the maturity value, the discount period,
proceeds.
(5 marks)
(Total: 20 marks)

Question 2

ASSIGNMENT_ MBM 202_ BUSINESS MATHEMATICS _0115

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a. Mrs Wong wants to know how much would she get after three years if she invests RM 10,000
every end of the year. The average interest rate is 9.5%. As a investment planner, please
advice her the total amount she will get. (Using the concept of simple interest to calculate).
(10 marks)
b. Muni pay RM 1080 every month for 5 years to settle a hire purchase loan for car at 12%
compounded monthly.
i. What is the original value of the loan?
ii. What is the total interest that he has to pay?
(10 marks)
(Total: 20 marks)
Question 3
a. Mei Cheng wants to have RM 250,000 in 30 years. How much does she need to save in the
bank if the interest rate at 10.5 % compounded yearly.
(4 marks)
b. A loan of RM 100,000 will mature in four years time. Assuming money is worth 15%
compounded semi-annually, find:
i. the present value of this debt
ii. the value of the debt at the end of two years.
(8 marks)
c. Mr. Goey wants to know how long does he needs to save his money in order to triple his initial
saving, if the interest rate is 9.8% compounded annually.
(2 marks)
d. Ken and his wife are going to buy a house which worth RM 350,000. The minimum down
payment is 10 % of the purchase price. Ken will contribute 80% for the down payment and
his wife will pay the rest. They will borrow a home mortgage from the bank at 8% and repay it
over 25 years.
Amortization chart
No. of
6%
years
10
19.33
15
11.10
20
8.44
25
7.16
i.
ii.

6.5%

7%

7.5%

8%

8.5%

9%

9.5%

10%

19.57
11.35
8.71
7.46

19.8
11.61
8.99
7.75

20.04
11.87
9.27
8.06

20.28
12.13
8.36
7.72

20.52
12.40
9.85
8.68

20.76
12.67
10.14
9.00

21.00
12.94
10.44
9.32

21.25
13.22
10.75
9.65

Find the down payment paid by Ken and his wife separately.
What is the monthly payment?
(6 marks)
(Total: 20 marks)

Question 4

ASSIGNMENT_ MBM 202_ BUSINESS MATHEMATICS _0115

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a. Ms. Zuraini bought a washing machine at a cost of RM 1,550. The estimated useful life of the
washing machine is 5 years, with a salvage value of RM 500. Find: (Use straight line method)
i. The annual depreciation
ii. The annual rate of depreciation
iii. The book value at the end of the third year.
iv. construct a depreciation schedule for the washing machine for the 5 years.
(8 marks)
b. Kevin purchased a smart phone at a cost of RM 2,450. The useful life is 3 years with a
salvage value of RM 800. Find: (Use declining balance method)
i) the annual rate of depreciation
ii) construct the depreciation schedule for 3 years.
(6 marks)
c. A photocopy machine is purchased for RM 58,000. Its life expectancy is 8 years with an
amount of RM 1,500 trade-in value. Prepare a depreciation schedule using the sum-of-the-years
digits method.
(6 marks)
(Total: 20 marks)
Question 5
a. Explain the categories of personal income tax.

(10 marks)

b. Malaysia implements the goods and services tax (GST) in 2015. Explain the implementation
of GST in detail and do you think GST is better off or worse off than the current tax system in
Malaysia. (http://gst.customs.gov.my/en/Pages/default.aspx)
(10 marks)
(Total: 20 marks)

ASSIGNMENT_ MBM 202_ BUSINESS MATHEMATICS _0115

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