BM Flashcards
is a number
written in the form
π
π
,
where a and b are whole
numbers but b cannot be
zero
FRACTION
IS A FRACTION LESS THAN ONE. NUMERATOR IS LESS TAHN DENOMINATOR EX; 1/2, 5/6
PROPER FRACTION
A FRACTION GRATER THAN OR EQUAL TO ONE. NUMERATROR IS GREATER THEN DENO EX; 7/3, 12/4
IMPROPER FRACTION
THE SUM OF WHOLE NUMBER AND A PROPER FRACTION
MIXED FRACTION
FRACTION THE SAME DENOMINATOR 1/9, 3/9. 7/9
SIMILAR FRACTION
DIFFRENET DENOMINATOR
DISSIMILAR FRACTR
is a
representation of
a fraction whose
denominator is a
multiple of 10.
DECIMAL
means βper
hundredβ is a
representation of a
fraction whose
denominator is 100.
Thus, expressing a
number in percent is
like comparing it with
100.
PERCENT
This refers to
the total
amount,
original
amount or the
whole part.
base
This refers
to the part
or partial
amount of
the base
PORTION
This is the
quantity or
amount or
measure of
the portion to
the base.
RATE
It is the relationship
between two
variables when their
ratio is equal to a
constant value.
Direct Proportion
In this proportion, an increase of one
variable will also an increase of the
other variable, and a decrease in one
variable will also the decrease of the
other.
Direct Proportion
This means that the two values x
and y are inversely or indirectly
proportional to each other, such
that if x increases then y decreases
or if x decreases, y increases.
Inverse Proportion
A whole is divided into parts that isproportioned into equal or unequalratios
Partitive Proportion
is comparison of two
numbers or measurement.
The terms of the ratio are the
numbers or measurements
being compared.
RATIO
An equation showing two
ratios that are equal is called
a?
proportion.
The amount spent relative to the production
and sale of commodity
OPERATING COST
the price that a company or store has to pay for the goods it is
going to sell or the price that has to be spent to produce goods
or services before any profit is added.
COST PRICE
the money earned after the cost price and the operating costs
accounted for after the sale of a commodity.
PROFIT
he price in which the commodity or good is sold per
unit
SELLING PRICE
It is the difference between the selling price (S) and the
cost price (C) and is sometimes referred to as the
margin or gross profit. It can also be defined as the sum
of all expenses (E) and profit (P).
MARK - UP
FORMULA PARA MAKUHA ANG MARK UP
MU=SP-C
if the cost is taken as the base
to express the mark-up in terms of percent
MARK UP BASED ON COST
FORMULA PARA SA Mc?
Mc= MU/C
if the selling price is taken as the
base to express the mark-up in terms of percent. This is also called as
the margin or gross margin which is sales minus the cost of goods
sold.
Mark-up Based on selling price
FORMULA PARA MAKUHA ANG Ms?
Ms= MU/S
It is the difference between the cost of goods and
its selling price. This kind of increase happens
during peak seasons.
MARK-ON
FORMULA FOR MARK ON
MO=NP-S
is a reduction in
the selling price of an item to encourage consumers to
increase their demand on a particular product.
temporary mark β down
is implemented
by companies to remove a βpoor-saleβ product from
their inventory. In general, the purpose of markdown is
either to generate sales or to clear inventory.
permanent mark β down
is the
difference between the REGULAR SELLING PRICE and the SALE
PRICE
MARK DOWN
original price
of a product before the
trade discount
LIST PRICE
rate of
how much a price is
reduced
Discount Rate
reduction based on the
discount rate
Trade Discount β
amount which
is left after the trade
discount
Net price
rate of
how much price is left
after discount
Net Price Rate
A reduction from list price
granted to buyers. Trade
discounts could either be a
single discount or a series
discount
TRADE DISCOUNT
When do manufacturers
usually give discounts?
Incentives for a sale
* Promotion of an item/product
* Large quantities are bought
is what
remains of the
selling price (net
sales) after all cost
and expenses had
been deducted.
PROFIT
occurs when
the cost and
expenses exceed
the selling price or
net sales
LOSS
occurs when the
net sales of goods
is equal to the cost
that was incurred
in business
BREAK-EVEN
It is the amount collected from the sale of
goods after deductions such as discounts
or refunds are made
Net sales
refer to the amount of money
spent for raw materials used in the
production of the goods including the
labor, utility expenses, and commissions.
This means that this cost varies depending
on the number of units of goods produced.
VARIABLE COSTS
cost of expenses that does not
vary over time on a certain relevant range,
the number of products sold, and
production of goods to be sold. This may
also include payment for lease and rental,
salaries of workers, insurance, and
interests.
FIXED COSTS
This is the sum of the fixed cost and
variable cost.
TOTAL COSTS
sum of the
fixed cost and
variable cost
Total cost (TC)
sum of the
fixed cost and
variable cost
Selling Price (SP
process used to
determine the number
of units of products to
sell in order to cover
the costs. It is
necessary for business
owners to determine
the quantity of
products to sell for
them to avoid loss.
Break-even
Analysis
the number of units of
goods or products
needed to be sold in
order to cover all the
costs
BREAK EVEN POINT
money (or
property) given with
the promise that it
will be paid back in
the future, usually
with interest
Loan
professional
support to aid
customers. This is
sometimes
described as the
intangible product
Services
defined as
the duration or
term used in
solving simple
interest.
Time
loan, secured
by a collateral,
that the borrower
is obliged to pay
at specified
terms.
Mortgage
process of
reducing a cost
or total in regular
small amounts
Amortization
money paid
regularly at a
particular rate for the
use of money lent, or
for delaying the
repayment of a debt
Interest
original
amount
invested or
borrowed
Principal
amount of a
charge or payment
(usually in percent)
with reference to
some basis of
calculation
Rate
FORMULA OF INTEREST?
I=PRT
FORMULA FOR MATURITY VALUE(f)?
f= P (1 +RT) IF DILI GINAPANGITA ANG i
f =P +i
formula for mortage and downpayment?
Down payment = down payment rate x cash price
Amount of the loan (mortgage) = cash price - down payment
I = π Γ π Γ
π‘
12
or I = π Γ π Γ
π‘
360
ambvot
