Page 8 - PERFORM FINANCIAL CALCULATIONS ASSESSMENT TASK ASSESSOR INSTRUCTIONS AND SOLUTIONS

Perform Financial Calculations Assessor Instructions and Solutions

Question 9: Calculate the total payable for each of the following items.

ITEM QUANTITY UNIT PRICE PER UNIT TOTAL PRICE
WB 40 Stud Adhesive 66 Tin $22.00 $1452.00
Screen Back Mesh 331 Sheet $2.40 $794.40
Flex Corner Tape 51 Roll $29.56 $1507.56
20 mm Gypsum Screws 53 Kilo $15.10 $ 800.30
Fibreglass Hemp 84 Kilo $7.50 $ 630.00

Question 10: Calculate the mark-down price of the following goods.

ITEM ORIGINAL PRICE REDUCTION MARK DOWN PRICE

Top Cote 550 $550.00 $56.50 $493.50
Spray Plaster $1,520.00 $83.37 $1463.63
Cornice Adhesive $129.75 $29.55 $100.20
Robalcote $2,675.55 $484.60 $2190.95
Casting Plaster $888.88 $288.66 $600.22

Question 11: Find the GST on these goods, then calculate the new total price including
GST.

PRODUCT GROSS PRICE (no GST) GST TOTAL PRICE
Plaster $110.00 $11.00 $121.00
Cornice $54.00 $5.40 $59.40
Back Mesh $55.00 $5.50 $60.50
Battens $39.10 $3.91 $43.01
$320.95
Gyprock SOLUTIONS $32.09 $353.04

Question 12: Convert the following fractions to decimals correct to two places.

64 1/5 ________64.20____________

53 2/3 _______53.67_____________
63 5/12 _______63.42_____________

20 hrs & 20 mins ______20.33_________

53 hrs & 25 mins ______53.42_________

50 hrs & 19 mins ______50.32_________

Question 13: Explain below the operations required for using the memory function to
calculate the October figures in the table below. Write the sequence of key strokes you will
use

Press ON/OFF (Note to Assessor – this entry is optional)

Press 441; Press +; Press 321; Press +; Press 154; Press +; Press 730; Press +/= key.

Press M+ key;

Anne Bowden ©2020
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