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Diploma in Higher Education Studies

Percentages in business: profit, mark-up and VAT

HES 102 · Mathematics for University Study — Week 4 of 16

CourseHES 102
Week4 of 16
SemesterI
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This week’s topics

Percentages in business: profit, mark-up and VAT

  1. Cost price and selling price
  2. Mark-up and discount
  3. Adding VAT to a price

What you will be able to do

  • 1.2 Apply percentage change to simple business scenarios (mark-up, discount).

Activity

Price five products for a small shop, with mark-up and VAT.

Study materials

Further resources

  • Contemporary Mathematics, 6.2: Discounts, Markups, and Sales Tax · PDF · OpenStax Contemporary Mathematics (2023), 6.2: cost and selling price, markup, discount and adding a tax such as VAT, pp. 552–565 · for registered students
  • Prealgebra 2e, 6.3: Sales Tax, Commission, and Discount Applications · PDF · OpenStax Prealgebra 2e (2020), 6.3: adding tax to a price (US sales tax works like VAT) and discounts, pp. 494–506 · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
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Course plan
  • Week 1: Fractions, decimals and percentages
  • Week 2: Calculating with percentages
  • Week 3: Percentage increase and decrease
  • Week 4: Percentages in business: profit, mark-up and VAT
  • Week 5: Binary numbers
  • Week 6: Hexadecimal numbers
  • Week 7: Adding binary numbers
  • Midterm: Midterm evaluation
  • Week 9: Using formulae
  • Week 10: Solving equations and rearranging formulae
  • Week 11: Logic gates and truth tables
  • Week 12: Averages and range
  • Week 13: Reading charts and tables
  • Week 14: Solving problems step by step with flowcharts
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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