Scribd
Upload
33 views2 pages

Essential Consumer Arithmetic Formulas

The document provides essential consumer arithmetic formulas covering various financial calculations including percentage, profit and loss, discount, simple and compound interest, exchange rates, wages, VAT, hire purchase, and utility bills. Each section includes key formulas for calculating values such as profit, interest, and total bills. These formulas are crucial for understanding and managing personal finances effectively.

Uploaded by

aminciara70
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
33 views2 pages

Essential Consumer Arithmetic Formulas

The document provides essential consumer arithmetic formulas covering various financial calculations including percentage, profit and loss, discount, simple and compound interest, exchange rates, wages, VAT, hire purchase, and utility bills. Each section includes key formulas for calculating values such as profit, interest, and total bills. These formulas are crucial for understanding and managing personal finances effectively.

Uploaded by

aminciara70
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

CONSUMER ARITHMETIC FORMULAS

1. Percentage (%)

Percentage = (Part / Whole) × 100

Part = (Percentage / 100) × Whole

Percentage change = ((New - Original) / Original) × 100

2. Profit & Loss

Profit = Selling Price - Cost Price

Loss = Cost Price - Selling Price

Profit% = (Profit / CP) × 100

Loss% = (Loss / CP) × 100

3. Discount

Discount = Marked Price - Selling Price

Discount% = (Discount / MP) × 100

SP = MP - ((Discount% / 100) × MP)

4. Simple Interest

I=P×R×T

A=P+I

5. Compound Interest

A = P(1 + R/100)^T

CI = A - P

6. Exchange Rate

Foreign = Local ÷ Rate

Local = Foreign × Rate

7. Wages & Pay

Wage = Hours worked × Rate per hour


Overtime wage = OT hours × OT rate

Gross Pay = Regular Pay + Overtime Pay

Net Pay = Gross Pay - Deductions

8. VAT

VAT = Price × (VAT% / 100)

Total = Price + VAT

9. Hire Purchase

Deposit = Cash Price × (Deposit% / 100)

Balance = HP Price - Deposit

Monthly Payment = Balance ÷ Number of months

10. Bills & Consumption (Water/Electricity)

Units Used = Current Reading - Previous Reading

Total Bill = (Units Used × Rate per Unit) + Additional Charges (if any)

You might also like