CONFIDENTIAL CD/DECEMBER2023/MAT111
UNIVERSITI TEKNOLOGI MARA
GROUP ASSIGNMENT
COURSE : MATHEMATICS WITH BUSINESS APPLICATIONS
COURSE CODE : MAT 111
DURATION : WEEK 11 (12PM ON 18 DECEMBER 2023) TO
WEEK 12 (4PM ON 4 JANUARY 2024)
GROUP ASSIGNMENT : MBA1321A
NAME & STUDENT’S : MAISARAH MARSHANDA BINTI NORAZAHAR
ID (2023840998)
NOOREISYA BINTI ARZAILEE KARNO
(2023645578)
NUR DIANA FARHANA BINTI ABD HALIM
(2023610812)
NUR AINA SAFFIYYA BINTI MUHAMAD SOLEH
(2023217442)
GROUP : GROUP 4
: MADAM SITI RAMIZAH BINTI JAMA
LECTURER’S NAME
For Examiner’s Use
Marks
PART Question Marks Obtained
Allocated
1 10
A
2 10
B 1 10
30
Total Marks
100
PART A (20 MARKS)
QUESTION 1
FIGURE 1
Two electronic shops are selling item shown in Figure 1. Their installment plans are as
follows:
DJ ELECTRONIC DAVE ELECTRONIC
Down payment 30% of the cash price 10% of the cash price
Interest rate 15% per annum, using the 9.5% per annum on the
constant ratio formula original balance
Mode of payment Weekly
Period of payment 12 months
Aleef Tegaal wishes to buy the item shown in Figure 1 through an instalment scheme.
a) Find the total payment he has to make, if he buys from:
i) DJ Electronic ii) Dave Electronic
CP = RM2389 CP = RM2389
DP = 30% DP = 10%
r = 0.15 r = 0.095
m = 52 m = 52
t = = 1 year t = = 1 year
B = 2389 B = 2389
= RM 716.70 = RM 238.10
B = CP DP B = CP DP
= 2389 716.70 = 2389 238.90
= RM1672.30 = RM2150.10
n = mt n = mt
= 52(1) = 52(1)
n = 52 n = 52
The interest charged. The interest charged.
r= I = Brt
= 2150.10
= RM204.26
0.15 =
i=
i = RM127.83
The monthly payment. The monthly payment.
R= R=
R= R=
R = RM34.62 R = RM45.28
The installment price. The installment price.
IP = CP IP = CP
= 2389 127.83 = 2389 204.26
= RM2516.83 = RM2593.26
(7 marks)
b) If he can only afford to pay 1.5% of the cash price per week, which shop should he
choose?
DJ Electronic
IP = CP + i
1.5
= 2389 × 100 + 127.83
= RM163.67
Dave Electronic
IP = CP + i
1.5
= 2389 × 100 + 204.26
= RM240.10
= DJ Electronic because installment price lower than Dave Electronic.
(3 marks)
QUESTION 2
FIGURE 2
Nam Soon wants to purchase the item shown in Figure 2 through an instalment plan. She
has two plans to consider. Under this plan, she must pay 15% as a down payment, and the
balance has to be settled in one and a half years’ time. Details of each plan are as below:
Plan Interest charged
A 5.5% on original balance
B 7.5% on reducing balance
a) Calculate the monthly payment for each plan.
Plan A Plan B
CP = 2449 CP = 2449
DP = 15% DP = 15%
r = 0.055 r = 0.075
m = 12 m = 12
t = 1.5 t = 1.5
B = 2449 B = 2449
= RM 367.35 = RM 367.35
B = CP DP B = CP DP
= 2449 367.35 = 2449 367.35
= RM2081.65 = RM2081.65
n = mt n = mt
= 12(1.5) = 12(1.5)
n = 18 n = 18
The interest charged. The interest charged.
I = Brt i=
= 2081.65
= RM171.74
i=
i = RM123.60
The monthly payment. The monthly payment.
R= R=
R= R=
R = RM125.19 R = RM122.51
(7 marks)
b) Based on the instalment price, which plan should Nam Soon choose? Give your reason.
The installment price.
Plan A
IP = CP + i
= 2449 +171.74
= RM2620.74
Plan B
IP = CP + i
= 2449 +123.60
= RM2572.60
= Plan B because instalment price lower than plan A.
(3 marks)
PART B (10 MARKS)
QUESTION 1
FIGURE 3
Cleanmaniac Enterprise received an invoice from Safa Armada Services as shown in Figure
3. The trade discounts offered by Safa Armada Services are 12%, 7% and 4% with the cash
discount terms: 4/15, 2/20, n/40.
a) Calculate the total list price for all listed items in the invoice.
Item Quantity List Price Per unit Total (RM)
(RM)
Mop 90 RM4.80 RM432
Broom 80 RM4.50 RM360
Dustbin 90 RM3.50 RM315
Floor Cleaner 100 RM6.80 RM680
Garbage Bag 200 RM2.50 RM500
Grand Total RM2287
LP = 2287
= 12%
= 7%
= 4%
NP = LP (1 (1 (1
NP = 2287 (1 (1 (1
NP = RM1796.81
(2 marks)
b) Calculate the single discount equivalent rate to the given trade discounts.
SDER = 1 (1 (1 (1
SDER = 1 (1 (1 (1
= 21%
(2 marks)
c) Determine the last date to receive 2% cash discount.
30 November 2023 ecember 2023
30 November 2023 30 November 0
2023
19 December 2023 19
Total 19
= The last date for 2% is 19 December 2023
(1 mark)
d) Calculate the total payment including a transportation fee of RM 150 if Cleamaniac
Enterprise made the payment on 15 December 2023.
Total payment = LP (1 (1 (1 (1
Paid on 15 of December will get 4% cash discount.
Total payment = LP (1 (1 (1 (1
= LP (1 (1 (1 (1
= RM1874.94
(5 marks)
