Business Maths

Upon completion of this course students will have demonstrated the ability to:

1. Analyze the relationships among costs, volume and profits, and interpret cost-volume-profit analysis using:
   • The revenue and cost function approach
   • Break-even chart
   • The contribution margin approach
   • Compute and interpret cost-volume-profit charts
   • Compute break-even values using cost-volume-profit charts
   • Compute break-even values using contribution margin and contribution rate
   • Analyze and determine the effects of changes to cost, volume and profit
2. Analyze the mathematical relationships among pricing variables in a distribution chain.
   • Calculate and interpret the net price of an item after a single or multiple trade discount.
   • Calculate and interpret the equivalent single rates of discount series and solve problems
   • involving discount series.
   • Apply different methods of cash discounts.
   • Solve integrated merchandise pricing problems involving discounts, markup and
     markdown.
3. Apply mathematical calculations to problems involving simple interest.
   • Calculate and interpret the amount of interest, maturity value and present value for simple
     interest.
   • Determine the effects on future value and present value as a result of changes in the rate,
     term or amount.
   • Apply mathematical calculations to problems involving compound interest.
   • Calculate and interpret maturity value and present value for compound interest.