session 1-1.ppt

Quantitive Skill SESSION 1RATIO,PROPORTION,PERCENT AND PAYROLL SESSION 2 Introduction to statistics SESSION 3INTEREST, PRESENT VALUE, FUTURE VALUE AND ANNUITIES SESSION 4 DEPRECIATION SESSI0N 5 DISCOUNT AND MARKUP Easy to pass the exam This course is easy to understand higher relation with our life some computation had been studied Preview and review helpful to understand formula helpful to remember formula solve the question SESSION 1RATION,PROPORATION,PERCENT AND PAYROLL 1.1Ratio 1.2Proportion 1.3Percent 1.4Gross pay 1.5Hourly rate and hours worked 1.6Overtime 1.7Salary 1.8Commission 1.9Net pay 1.1 Ratio 1. how to express ratio 1.1 The units of measure are same example: Find the ratio of five red balls to three green balls the ratio can be expressed as: 5:3 1.2 The units of measure are different 1 lb=16 oz 1ft=12 in, 1 yd= 3 ft Example 1: find the ratio of weights of 2 lb to 9 oz of sugar since 1lb=16 oz Then the ratio can be expressed 32:9 2.How to allocate funds in a specific ratio Example 3: Distribute $80,000 in the ratio 8:5:3 Total number of parts=8+5+3=16 Each part corresponds to 80,000/16=5000 Advertising gets (8*$5000)=$40,000 Research gets (5*$5000)=$25,000 Investment gets(3*$5000)=$15,000 Example 2.8: Distribute $9,000 in the ratio 3:2:1 Total number of parts=3+2+1=6 Each part corresponds to 9,000/6=1500 Winner horse gets (3*$1500)=$4500 place horse gets (2*$1500)=$3000 Show horse gets(1*$1500)=$1500 2.41: Distribute $5,250 in the ratio 500:350:250 Total number of parts=500+350+200=1050 Each part corresponds to 5,250/1100=$5 Tom gets (500*$5)=$2500 Rorbert gets (350*$5)=$1750 Sally horse gets(200*$5)=$1000 3.How to solve for x Example 5: How many pounds of peanuts should be added to 50 lb of cashews if their weigh ratio is to be 3:2 Let the number of pounds of peanuts to be added be x Then, x:50=3:2 2x=150