LESSON 1: FRACTIONS,
DECIMALS & PERCENT
BUSINESS MATHEMATICS
WHAT IS BUSINESS MATHEMATICS?
This course will provide an understanding of the basic concepts of
mathematics as applied in business. It includes a review of the
fundamental mathematics operations using decimals, fractions,
percent, ratio and proportion; mathematics concepts and skills in
buying and selling, computing gross and net earnings, overtime and
business data presentation, analysis and interpretation. The use of
computer and software applications for computation and data
presentation is encouraged.
RECALL.
Prime number – a positive integer (except 1) whose factors are ONLY _____________________
Examples:
Composite number– a positive integer (except 1) which can be expressed as a product of
two or more positive integers, i. e., it has other factors besides 1 and itself
Examples: 28, 39, 100
Relatively prime numbers – positive integers which do not have common prime factors
Examples: 6 and 35, 4 and 121
A fraction is a part of a whole number, and a way to
split up a number into equal parts. It is written as the
number of equal parts being counted, called the
numerator, over the number of parts in the whole,
called the denominator.
A fraction is a ratio of integers, i.e. , where a and b are
integers and b ≠ 0. The fraction is undefined if denominator
is zero and numerator is non-zero; indeterminate, if both
numerator and denominator are zeros.
A decimal is a representation of a fraction whose
denominator is a multiple of 10.
FRACTION DECIMAL PERCENT
2/3 _______ _______
_______ 0.121212… _______
_______ _______ 65 ¼ %
A percent which means “per hundred” is a
representation of a fraction whose denominator is
100. Thus, expressing a number in percent is like
comparing it with 100.
QUESTIONS.
1. How do you convert a fraction to
decimal?
2. How do you convert a decimal to
percent?
3. Percent to fraction?
ACTIVITY 1. Complete the table below. Write the corresponding
equivalents in the box.
FRACTION DECIMAL PERCENT
1. 13/100 _______ _______
2. 2/7 _______ _______
3. _______ 0.25 _______
4. _______ _______ 15%
5. _______ _______ 61 1/3%