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Commercial Arithmetic I Form 1 Questions and Answers

Commercial Arithmetic I Form 1 Questions and Answers.
In this course, questions on Mathematics commercial arithmetic I will be solved with clearly illustrated videos.

Lessons (20)

• 1.    An import company brought into the country some amplifiers that cost sh 3,750 each. The government imposed an import duty of 125% and a sales tax 20%.If the company decided to make a profit of 10% on sales, calculate the selling price of each amplifier.
  5m 12s

• 2.    A shopkeeper made a loss of 30% by selling an electric iron at sh 700.What profit would he have made had he sold at 1,150?
  2m 52s

• 3.    A business woman bought two bags of maize at the same price per bag. She discovered that one bag was of high quality and the other of low quality. On the high quality bag she made a profit by selling at sh 1,040,whereas on the low quality bag she made a loss by selling at sh 880.If the profit was three times the loss, calculate the buying price per bag.
  7m 22s

• 4.    A manufacturer sells a bottle of fruit to a trader at a profit of 40%.The trader sells it for sh 84 at a profit of 20%. Find: a) The trader’s buying price b) The cost of manufacture of one bottle
  3m 1s

• 5.    A telephone bill includes sh 4320 for local calls, sh 3260 for trunk calls and a rental charge of sh 2,080.A value added tax (V.A.T) is then charged at 15%.Find the total bill.
  3m 9s

• 6.    A shirt whose marked price is sh. 800 is sold to a customer after allowing him a discount of 13%.If the trader makes a profit of 20%, find how much the trader paid for the shirt.
  3m 47s

• 7.    The marked price of a car in a dealer’s shop was sh. 400,000. Wekesa bought the car at 8% discount. The dealer still made a profit of 15%.Calculate the amount of money the dealer had paid for the car
  3m 17s

• 8.    A customer paid sh 5880 for a suit after she was allowed a discount of 2% on the selling price. If the discount had not been allowed, the shopkeeper would have made a profit of 20% on the sale of the suit. Calculate the price at which the shopkeeper bought the suit
  3m 56s

• 9.    A wholesaler sold a radio to a retailer making a profit of 20%.The retailer later sold the radio for sh 1,560 making a profit of 30%.Calculate the amount of money the wholesaler had paid for the radio.
  4m 14s

• 10.    A businessman makes a profit of 20% when he sells a carpet for sh. 36000.In a trade fair he sold one such carpet for sh 33600.Calculate the percentage profit made on the sale of the carpet during the trade fair.
  4m 6s

• 11.    A tourist converted 5820 US dollars into Kenya Shillings at the rate of Ksh 102.10 per dollar. While in Kenya, he spent Ksh450 000 and converted the balance into dollars at the rate of Ksh 103.00 per dollar. Calculate the amount of money, to the nearest dollar, that remained.
  4m 36s

• 12.    A Kenyan businessman intended to buy goods worth US dollar 20 000 from South Africa Calculate the value of the goods to the nearest South Africa (S.A) Rand given that 1 US dollar = Ksh 101.9378 and 1 S.A Rand = Ksh 7.6326.
  5m 14s

• 13.    A Kenyan bank buys and sells foreign currencies as shown below: A businessman on a trip to kenya had £50,000 which he converted to Kenya shillings. While in Kenya he spent 80% of the money and changed the balance to south Africa. Calculate, to the nearest Rand, the amount he obtained
  5m 19s

• 14.    A Kenyan businessman bought goods from Japan worth 2, 950 000 Japanese Yen. On arrival in Kenya custom duty of 20% was charged on the value of the goods.If the exchange rates were as follows : 1 US dollar = 118 Japanese Yen , 1 US dollar = 76 Kenya shillings Calculate the duty paid in Kenya shillings
  5m 19s

• 15.    A car bought for sh 80,000 was sold through a dealer at a profit of 15%.The dealer charged the owner 8% commission on the selling price .How much did the owner get?
  5m 19s

• 16.    A car dealer charges 5% commission for selling a car. He received a commission of sh. 17,500 for selling a car. How much did the owner receive from the sale of his car
  3m 51s

• 17.    A salesman gets a commission of 2.4% on sales upto sh 100,000.He gets an additional commission of 1.5% on sales above this. Calculate the commissions he gets on sales worth sh 280,000
  5m 31s

• 18.    A salesman earns a basic salary of sh 9,000 per month. In addition he is also paid a 5% commission for sales above sh 15,000.In certain month, he sold goods worth sh 120,000 at a discount of #2 1/2# %.Calculate his total earnings
  5m 0s

• 19.    A salesman is paid a salary of sh 15,375 per month. He gets a commission of #4 1/2# % on the amount of money he makes for his sales. In a certain month,he earned a total of sh 28,875.Calculate the value of his sales that month
  3m 46s

• 20.    A forex bureau in Kenya buys and sells foreign currencies as shown below: A business woman from China converted 195,250 chines Yen into kenya shillings a) Calculate the amount of money, in kenya shillings that she received b) While in the kenya, the business woman spent ksh 1,258,000 and then converted the balance into South African Rand. Calculate the amount of money to the nearest Rand
  6m 49s