Page 6 - PERFORM FINANCIAL CALCULATIONS ASSESSMENT TASK ASSESSOR INSTRUCTIONS AND SOLUTIONS

Perform Financial Calculations Assessor Instructions and Solutions

ASSESSMENT TASK

MENTAL ARTHMATIC. Complete questions 1 to 4 without a calculator or any other
assistance. You may use scrap paper to perform calculations. When you have completed
Questions 1 to 4 submit these to the assessor and request the further questions for this
assessment task. Submit your working papers (scrap paper) to your assessor with your
answers to these questions.

Question 1: Calculate the following to show the total number in stock as at 31/1/20XX

STOCK AS TOTAL IN STOCK
PRODUCT AT 1/1/20XX SOLD RETURNED AS AT 31/1/20XX

Rollers 348 124 12 236
Tape Rolls 2401 739 55 1717
Adhesive 698 137 14 575
Bondcrete 284 112 28 200

Question 2: Calculate the unit price of the following goods:

UNIT PRICE
PRODUCT QUANTITY TOTAL AMOUNT (ie, Price for 1)

Ceiling Centres 8 $924.00 $115.50
Clouts 120 $210.00 $1.75
Trowels 31 $264.74 $8.54
Tape Rolls 8 $71.04 $8.88

SOLUTIONS
Question 3: Extend the following items and total the invoice.

PRODUCT QUANTITY AMOUNT PER METRE TOTAL PAYABLE

Plaster 12 m $42.15 $505.80
Cornice 76 m $25.50 $1938.00
Back Mesh 73 m $33.00 $2409.00
Battens 94 m $54.00 $5076.00
Gyprock 257 m $20.00 $5140.00
INVOICE
TOTAL $15068.80

Question 4: Cross b alance the following, calculating the total sales for each of the following
paints and months.

PAINT COLORS
MONTHS Wheat Ivory Crimson Frost TOTAL
May 124 213 140 277 754
June 681 272 161 483 1597
July 177 66 78 280 601
August 738 162 196 284 1380
September 140 312 461 222 1135
GRAND
TOTAL 1860 1025 1036 1546 5467

Anne Bowden ©2020
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