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Carpentry & Joinery Phase 4 Module 2 Unit 5 Percentages & Simple Interest % Sample Questions & Solutions.

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Presentation on theme: "Carpentry & Joinery Phase 4 Module 2 Unit 5 Percentages & Simple Interest % Sample Questions & Solutions."— Presentation transcript:

1 Carpentry & Joinery Phase 4 Module 2 Unit 5 Percentages & Simple Interest % Sample Questions & Solutions

2 Carpentry & Joinery Phase 4 Module 2 Unit 5Percentages Find 32% €180 = x 32 €57.60 = €57.60 Or by calculator = 180 x 32(2 nd f)% = 57.6 €57.60 = €

3 Carpentry & Joinery Phase 4 Module 2 Unit 5 A hardwood flooring supplier dropped his price for 125mm solid oak flooring from €48.50 per m² to €43 per m² Calculate the % reduction in cost to 2 decimal places – 43 = €5.50 decrease (change) x %= 11.34%Percentages

4 Carpentry & Joinery Phase 4 Module 2 Unit 5 A sample of timber has an un-dried weight of 30kg. Its dry weight is 24kg. Calculate the % Moisture Content (MC) MC = x % AnswerMC = 25% AnswerPercentages 6 24 wet weight – dry weight dry weight

5 Carpentry & Joinery Phase 4 Module 2 Unit 5Percentages A carpenters gross wage is €450 p/w. He/she has tax credits worth €238 p/w. Calculate his/her net wage if the following deductions are made. Union €3.40 (tax free) VHI €7.60 (tax free) Tax21% PRSI€3.95 Gross income = €450 – €238 – €3.40 – €7.60 = €201 Taxable income = €201 21% = €42.21 (Tax) Gross – Deductions = 450 – ( ) € Net Wage = 450 – = € Tax credits Union VHI

6 Carpentry & Joinery Phase 4 Module 2 Unit 5Percentages A roofing job is estimated at €6,200. A breakdown of the costs are shown below. Calculate the percentage of each element. ElementCost Materials€2,900 Labour€2,700 Scaffolding€600 Answer 2900 ÷ 6200 x 100 = 46.77% 2700 ÷ 6200 x 100 = 43.54% 600 ÷ 6200 x 100 = 9.67%

7 Carpentry & Joinery Phase 4 Module 2 Unit 5 A sub-contractor purchases his materials at the local hardware with a discount of 12%. If the total cost of his last contract was €1,390 and he spent 30% on materials, what was the amount of money he saved with discount. x 30 = 417 So €417 = total paid for materials 100% - 12%(discount) = 88% so 417 = 88% of cost 417 ÷ 88 (%) = x 12 (% discount) = €56.86 (total saving made with materials discount)= €56.86 (total saving made with materials discount)Percentages 1,

8 Carpentry & Joinery Phase 4 Module 2 Unit 5Percentages A builder wishes to purchase 15 €120 each, V.A.T must be 21%, however, he receives a discount of 10%. How much does the builder pay in total ? 15 x 120 = € % of 1800 = = €2, % = € ,178 – €1, Answer = €1, Answer

9 Carpentry & Joinery Phase 4 Module 2 Unit 5 Calculate the interest paid on a loan of €26,000 over a 5 year term at 8% Formula for Simple Interest (Rate. (in decimals) x Initial amount)term €10,400 Answer = (.08 x 26,000)5 = €10,400 Answer Simple Interest

10 Carpentry & Joinery Phase 4 Module 2 Unit 5 A building contractor completed a project worth €280,000. He was left with a profit of €35,000 after all costs 7 overheads were paid Calculate the percentage of profit that he made % = x 100Formula: % = x 100 x 100 = 12.5%= 12.5% Profit & Loss Number Total Total 35, ,000


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