Homework

Mathematics in Practical Situations

1. Due to the financial crisis that swept across the globe in 2008, Mr Ong had to increase his
daily working hours from 8 to 10 hours but his hourly pay was cut by 25%. Find the
percentage change in his daily income.
2. A new car costs $86000. Its value decreases by 18% in the first year and a further 12% in
each of the subsequent years. Find the value of the car at the end of its fourth year.
3. If a man sells his car for $22800, he will incur a loss of 5% on his cost. How much must
he sell the car in order to make a profit of 12% on his cost?
4. By selling an article for $142.60, a shopkeeper will be able to make a profit of 15% on his
cost. What is the percentage gain or loss on his cost if he sells the article for $132?
5. In December 2008, the bank sold New Zealand dollars at NZ$1 = S$0.845 and bought
them back at S$1 = NZ$1.219. Mr Lee and his family went for a holiday in New Zealand
and exchanged NZ$4200. They spent NZ$3380 and exchanged the remainder into
Singapore dollars.
(a) How much Singapore dollars did he get at the end of the trip?
(b) Calculate the total amount that the Lee family spent for the whole trip, including the
loss in the money exchange transaction.
6. Savita invested $8000 in a bank for 2 years. The bank pays an interest of 3.2% per annum
compounded quarterly. Calculate the interested earned.
7. Jalil bought a car priced at $84000 by hire purchase. He paid 16% of the amount in cash
as down payment and the balance by equal monthly instalments over a period of 6 years.
(a) Calculate the amount paid in cash as down payment.
(b) The firm charges as interest rate of 4.5% per annum for the balance amount. Calculate
the interest he had to pay together.
(c) Calculate the monthly instalment.
8. A fruit merchant bought 4 crates of apples for $48. Each crate had 60 apples. 20 apples
were found to be rotten. He sold 60% of the apples at a rate of 3 for $1. On the next day,
he sold the remaining at a rate of 4 for $1. Find the percentage profit made.

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9. The table shows the income tax rates for the year of assessment 2010 in Singapore.

On the first
On the next
On the first
On the next
On the first
On the next
On the first
On the next
On the first
On the next
On the first
Above

Chargeable Income
($)
20000
10000
30000
10000
40000
40000
80000
80000
160000
160000
320000
320000

Rate
($)
0
3.5
5.5
8.5
14
17

Gross Tax Payable

($)
0
350
350
550
900
3400
4300
11200
15500
27200
42700

20

(a) Mr Lees tax payable was $8528 in the year 2010. Find his chargeable income for that
particular year.
(b) In 2010, Mr Lim received the following tax relief.
Type of Tax Relief
Earned Income
Wife Relief
Child Relief
Parents Relief
NS men Relief
CPF Contributions and donations to charities

Amount
$3000
$2000
$8000
$6000
$3000
$9800

(i)

Calculate his total tax relief.

(ii)

It is given that chargeable income = total income for the year total tax relief.
If Mr Lim earns $5500 per month and he gets 2.5 months of bonus for the
year, calculate his chargeable income.

(iii)

Calculate the tax that Mr Lim has to pay.

(c) Miss Ong earns $8800 per month and she gets 4.5 months of bonus for the year. She
can only claim $3000 personal earned income, $14500 CPF contribution and $3500
donations to charity organizations in tax relief. Calculate the amount of tax that she
has to pay.

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10. The table below shows the summary of charges of the utilities for the period of 26 August
2010 to 24 September 2010.
Description
Electricity
Water
Waterborne Fee
Sanitary Appliance Fee
Refuse Removal

Usage
182 kWh
7.2 Cu M
7.2 Cu M
2 Fittings
1 Qty

Rate ($)
0.2413
1.1700
0.2803
2.8037
5.39

In addition to the utility charges, 30% Water Conservation Tax is charged for the usage of
water.
(a) Calculate the total monthly charges.
Goods and Service Tax (GST) at 7% is charged on the total charges.
(b) Calculate the total amount of the bill inclusive of GST.
End of Homework

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