Page 6 - LESSON 2: DISCOUNTS AND COMMISSIONS

MODULE OVERVIEW

Welcome to the second series of 8 modules of Business Mathematics. This module
is self-paced. This means that you can accomplish it at your convenience, within the period

allocated for it. You are given 12 hours, spread over two weeks to accomplish this module. All
resources are available online. Just click the appropriate link. Should you have any problems

accessing the resources contact your module facilitator immediately. Printed copies are

available on demand. Other than the resources mentioned, you can make use of other
appropriate sources available to you.

Module Outcomes
By the end of module 2 you should be able to:
• Find markdown, markup, and markup rate

• Solve problems involving markdown, markup, markdown rate and markup rate.

• Find both the trade discount and the net price, the discount rate
• Solve problems involving trade discount, net price, discount and discount rate.

Timing and organizing your study
You are given 12 hours, spread over two weeks, to accomplish this module. Follow the
organization of this module and avoid jumping to the subsequent sections without

accomplishing the exercises in the previous one. Watch the videos intently and read the
material several times over before answering the exercise answering the exercises

Study skills
Active listening, reading comprehension, and writing are essential in any course
classes. Moreover, Math requires actively doing. To learn mathematics, you must practice by

doing all your homework and assignments so you may memorize the formulas or internalize

the procedures. It is recommended that you spend significant time on each module unit and
avoid multi-tasking to maintain focus.

Assignments/Assessments
In this module, you will be asked to respond to discussion questions, self-tests

homework, and assignments. Make sure to accomplish all these before submission.

Page | iv BUSINESS MATHEMATICS: Module 2