Page 3 - LESSON 2: DISCOUNTS AND COMMISSIONS

Course Guide

COURSE GUIDE

Course Title: Business Mathematics
Course Description:
This course aims to provide an adequate foundation for mathematical skills
preparatory to higher mathematics. The knowledge and skills serve as a tool for solving
problems in practical situations in the field of hospitality management. The course covers
an intensive review of the basic skills in business mathematics comparison of numbers
establishing retail price discounts and commissions simple interest computations compound
interest computations analysis of financial statements presentation of business data and
personal business problems. This will be taught through lecture individual and group works.
Methods of assessment are varied and can include illustrative exercises seat work and board
work assignment of the problem set and formal examinations.

Program Learning Outcomes

Graduates of BS Marine Technology should be able to:
a. Demonstrate coherent knowledge and understanding in the core areas of Marine
Technology.
b. Understand the utilization of the marine resources using innovative fishing methods
and techniques which responsible and sustainable.

c. Develop, operate, and manage good practice on fishing systems.
d. Manage and protect the integrity and quality of the marine ecosystem and resources.
e. Ability to perform the fishing equipment, marine machinery, navigational
equipment, practical seamanship work, and basic safety on- board

Course Learning Outcomes
1. Perform basic skills in the mathematics of investment such as and not limited to: Write
numbers into words and round off numbers. Reduce a fraction to simplest terms and
changed percent to fraction and decimal or change fraction to decimal and percent.

2. Find the percentage, rate, or base and solve percentage problems.
3. Find the markdown and markup rates and solve markdown and markup rates problem.
4. Find the trade discount and the net price, the discount rate, and solve both the trade
discount and net price and discount problem.

5. Solve simple interest problems
6. Solve compound interest problem
7. Find the gross profit and net income of the businesses.

8. Prepare income statements and analyze the probability.
9. Present business data in the form of graphs.

COURSE GUIDE i | P a g e