Intro To Quantitative Methods
Intro To Quantitative Methods
DIPLOMA IN MARKETING
LEVEL 1 SEMESTER 1
MID-SEMESTER EXAMINATION
MARCH-APRIL 2023
TIME: 3 HOURS
TOTAL MARKS:70
b) x + 3 = 8 − 2x (5 marks)
c) 5/6 of employees at a small company received a bonus this month. If 32 received a bonus, how many people do
the company employ? (5 marks)
d) A sales assistant is paid a basic wage of P100 per week plus commission of 5% of the Value of the
goods sold. What will be the earnings in a week in which the assistant sells goods to the value of
P1,890 (5 marks)
QUESTION 2
a) Express:
(i) 458,000 correct to 2 significant figures
(ii) 9/57 as a percentage correct to 2 decimal places
(iii) 0.7825 as a percentage correct to 3 decimal places
(iv) 2,973,490 correct to 3 significant figures
(v) 76% as a decimal
(vi) 65% as a fraction in its simplest (12)
(b).The profits of a food retailing company are shared between its three partners, Mr Wright, Mr Prakash and Mr
Young, in the ratio 1:2:4 respectively. If Mr Prakash’s share of the profits is £1,600, calculate:
(i) The share of the profits received by Mr Wright (4)
(ii) The difference between the share of the profits received by Mr Wright and
Mr Young (3)
(iii) The ratio of Mr Prakash’s share of the profits in terms of Mr Young’s share of the profits, expressing your
answer in the form 1:n (3)
(c) Bernard obtained P4000 as share of from the proceeds of a projects, Bernard‘s share represented 60% of the
proceeds. What were the total proceeds of the projects (3)
QUESTION 3
a. The demand for a product on each of 20 days was as follows, (in units).
>0≤5 4
> 5 ≤ 10 8
> 10 ≤ 15 6
> 15 ≤ 20 2
END OF EXAM