Applications of rates and percentages:
review rates and percentages
(ACMGM001)
calculate weekly or monthly wage from an annual salary, wages from an hourly rate including situations involving overtime and other allowances and earnings based on commission or piecework
(ACMGM002)
calculate payments based on government allowances and pensions
(ACMGM003)
prepare a personal budget for a given income taking into account fixed and discretionary spending
(ACMGM004)
compare prices and values using the unit cost method
(ACMGM005)
apply percentage increase or decrease in various contexts; for example, determining the impact of inflation on costs and wages over time, calculating percentage mark-ups and discounts, calculating GST, calculating profit or loss in absolute and percentage terms, and calculating simple and compound interest
(ACMGM006)
use currency exchange rates to determine the cost in Australian dollars of purchasing a given amount of a foreign currency, such as US$1500, or the value of a given amount of foreign currency when converted to Australian dollars, such as the value of €2050 in Australian dollars
(ACMGM007)
calculate the dividend paid on a portfolio of shares, given the percentage dividend or dividend paid per share, for each share; and compare share values by calculating a price-to-earnings ratio.
(ACMGM008)