A tailor bought a number of suits at a cost of sh. 57,600 from Ken – suit wholesalers. Had he bought the same number of suits from Umoja wholesalers, it would have cost him sh. 480 less per suit. This would have enabled him to buy 4 extra suits for the same amount of money.a) Find the number of suits the tailor bought (4mks)b) The tailor later sold each suit for sh 720 more than he had paid for it. Determine the percentage profit he made?
Worked Solution:John bought 3 brands of tea A, B and C. The cost of the three brands was sh. 25, sh. 30 and sh. 45 per kilogram respectively. He mixed the three brands in the ratio 5 : 2 : 1 respectively. After selling the mixture he made a profit of 20%.a) How much profit did he make per kilogram of the mixture? (4mks)b) After one year the cost price of each brand was increased by 12%.i) For how much did he sell one kilogram of the mixture to make 20% profit%, give your answer to the nearest 5cts (3mks)ii) What would have been his percentage profit if he sold one kilogram of the mixture at sh. 40.25? (3mks)
Worked Solution:A Kenyan tourist left Germany for Kenya through Switzerland. While in Switzerland he bought a watch worth 52 Deutsche marks.Find the value of the watch in:a) Swiss Francsb) Kenya shillings (3mks) Use the exchange rates below1 Swiss Franc = 1.28 Deutsche marks1 Swiss Franc = 45.21 Kenya shillings Worked Answer:
A man imported a vehicle at sh 600,000 and sold it at sh. 1, 080,000. find his percentage profit if he spent sh 60,000 for clearing the vehicle from the port and a further sh. 40,000 for shipping. (3mks)Worked Example:
Form 1 Mathematics
A tourist converted 5820 US dollars into Kenya Shillings at the rate of Ksh 102.10 per dollar. While in Kenya, he spent Ksh450 000 and converted the balance into dollars at the rate of Ksh 103.00 per dollar.
Calculate the amount of money, to the nearest dollar, that remained. Form 1 MathematicsA salesman earns a basic salary of Kshs. 9,000 per month In addition he is also paid a commission of 5% for sales above Kshs 15,000 In a certain month he sold goods worth Kshs. 120,000 at a discount of 2 ½ % Calculate his total earnings that month ( 3 marks) Form 1 Mathematics
Asia invested some money in a financial institution. The financial institution offered 6% per annum compound interest in the first year and 7% per annum in the second year. At the end of the second
year, Asia had Ksh 170 130 in the financial institution. Determine the amount of money Asia invested. Form 1 Mathematics
Three business partners Abila, Bwire and Chirchir contributed Ksh 120 000, Ksh 180 000 and Ksh 240 000 respectively, to boost their business.
They agreed to put 20% of the profit accrued back into the business and to use 35% of the profits for running the business (official operations). The remainder was to be shared among the business partners in the ratio of their contribution. At the end of the year, a gross profit of Ksh 225 000 was realised. (a) Calculate the amount: (i) put back into the business; (ii) used for official operations (b) Calculate the amount of profit each partner got. (c) If the amount put back into the business was added to individuals’s shares proportionately to their initial contribution, find the amount of Chirchir’s new shares. Form 1 Mathematics
A Kenyan businessman intended to buy goods worth US dollar 20 000 from South Africa
Calculate the value of the goods to the nearest South Africa (S.A) Rand given that 1 US dollar = Ksh 101.9378 and 1 S.A Rand = Ksh 7.6326. Form 1 MathematicsForm 1 Mathematics
In this questions, mathematical tables should not be used
At Kenya bank buys sells foreign currencies as shown below:
A Japanese traveling from France arrives in Kenya with 5000 Euros; he converts all the 5000 Euros to Kenya Shillings at the bank.
Calculate the amount in Japanese yen, than he receives. Form 1 Mathematics
Kago deposited kshs 30000 in a financial institution that paid simple interest at the rate of 12% per annum. Nekesa deposited the same amount of money as Kago in
another financial institution that paid compound interest. After 5 years , they had equal amounts of money in the financial institutions. Determine the compound interest rate, to 1 decimal place for Nekesas deposit Form 3 Mathematics
Three business partners: Asha, Nangila and Cherop contributed Ksh 6 000, Ksh 85 000 and Ksh 105 000 respectively. They agreed to put 25% of the profit back into business each year. They also agreed to put aside 40% of the remaining profit to cater for taxes and insurance. The rest of the profit would then be shared among the partners in the ratio of their contributions. At the end
of the first year, the business realised a gross profit of Ksh 225 000. (a) Calculate the amount of money Cherop received more than Asha at the end of the first year. (b) Nangila further invested Ksh 25 000 into the business at the beginning of the second year. Given that the gross profit at the end of the second year increased in the ratio10:9 calculate Nangila's share of the profit at the end of the second year. Form 1 Mathematics
In this question, mathematical tables should not be used. A Kenyan bank buys and sells foreign currencies as shown below:
Buying Selling (In Kenya Shillings) (In Kenya Shillings) 1 Hong Kong Dollar 9.74 9.77 1 South African Rand 12.03 12.11 A tourist arrived in Kenya with 105 000 Hong Kong Dollars and changed the whole amount to Kenya Shillings. While in Kenya, she spent Sh 403 879 and changed the balance to South African Rands before leaving for South Africa. Calculate the amount in South African Rand, that she received, Form 1 Mathematics
The marked price of a car in a dealer’s shop was Kshs 400,000. Wekesa bought the car at 8% discount. The dealer still made a profit of 15%.
Calculate the amount of money the dealer had paid for the car. 
TOPICS
Categories
All
ARCHIVES
AUTHOR
AuthorMaurice A Nyamoti is a Mathematics/ Computer Teacher and has passion to assist students improve grades RSS_FEED
PDF Docs
