QRB501 Week 1 Fundamental Quantitative Concepts Exercises

Purpose of Assignment 

The purpose of this assignment is for students to learn how to use Microsoft Excel® for solving formulas. Managers and staff need to work with percentages daily in professional settings. Skills such as finding the percentage increase/decrease and using Excel® to convert from decimals to percentages and vice versa have become necessary. This assignment provides students with the practice of such fundamental quantitative concepts. 

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Assignment Steps 

Resources: Fundamental Quantitative Concepts Exercises Excel® Template 

Save the Fundamental Quantitative Concepts Exercises Excel® Template to your computer.

Read the instructions on the first tab.

Complete the ten Excel® exercises.

  1. A scale drawing of an office building is not labeled, but indicates 0.25 inch = 5 feet. On the drawing, one wall measures 2 inches. How long is the actual wall?
  2. Marcus James purchased 2,500 pounds of produce. Records indicate he purchased 800 pounds of potatoes, 150 pounds of broccoli, and 390 pounds of tomatoes. He also purchased apples. How many pounds of apples did he purchase?
  3. The formula for the installment price of an item purchased with financing is Installment price = Total of installment payments + Down payment. The formula can be written in symbols as I = T + D.
  4. Wallpaper costs $12.97 per roll and a kitchen requires 9 rolls. What is the cost of the wallpaper needed to paper the kitchen?
  5. Wilson’s Auto, Inc., has 37 employees and a weekly payroll of $10,878. If each employee makes the same amount, how much does each make?
  6. Jacob Kennedy borrowed $30,000 to start up his consulting business. The loan had a simple interest rate of 6.2% for 3 years. Use the formula I = PRT to find the amount of interest he will pay on the loan. I = interest; P = principal; R = rate (expressed as a decimal 0.062); T = time in years
  7. A car odometer increased from 37,580.3 to 42,719.6. What was the increase?
  8. A number decreased from 486 to 104. Find the amount of decrease.
  9. A number increased from 224 to 336. Find the percent of increase.
  10. A number decreased from 250 to 195. Find the rate of decrease.

Course: QRB501 Quantitative Reasoning For Business
School: University of Phoenix

  • 14/09/2017
  • 15
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