BUS 130 - Business Mathematics

1. Solve word problems using whole numbers, fractions, and decimals.
2. Convert fractions to decimals and decimals to fractions; convert fractions and decimals to percent.
3. Estimate answers by rounding.
4. Solve equations for unknowns.
5. Solve word problems using simple algebraic equations.
6. Using percentages, apply the portion formula to solve business problems.
7. Calculate single and chain discounts, cash discounts, credit terms, and partial payments.
8. Calculate markup based on cost and selling price; calculate markdowns.
9. Using the interest formula, calculate the simple interest and maturity value of financial instruments.
10. Define promissory notes and calculate interest, discount, and maturity value.