📌Course Description

The course is primarily designed to strengthen the fundamental concepts of mathematics with emphasis on business application and problem solving.

📌Course Learning Outcomes

At the end of the course, students should be able to:

1. Describe fundamental concepts of algebra related to business mathematics. ( C2 )

2. Demonstrate interpersonal skill in solving related problems in business mathematics. ( A3 )

3. Solve problems related to business mathematics. ( C3 )

📌Syllabus Content

CHAPTER 1. Fundamental Concepts Of Mathematics

• Introduction to arithmetic operations

• Linear Equations

• Fractions, decimals, ratios and percentages

CHAPTER 2. Simple Interest and Bank Discount

• Simple Interest and Bank Discount

• Present Value, Rate and Time

• Applications of Simple Interest and Bank Discount

CHAPTER 3. Compound Interest

• Compound Interest and Compound Amount

• Present Value

• Applications of Compound Interest

CHAPTER 4. Installment Purchases

• Flat Rate Loan

• Reducing Balance Loan

• Installment purchase

CHAPTER 5. Mathematics of Trading

• Trade Discount

• Single discount equivalent

• Cash discount

CHAPTER 6. Mathematics of Retailing

• Mark up and mark down

• Gross profit, net profit and break even price

📌Assessment

• Continuous Assessment (50%):

1. Quiz (10%) - Week 5

2. Test (25%) - Week 10

3. Group Assignment (15%) - Week 12

• Final Examination (50%)