21Personal Finance
As individual consumers, we are called upon to use arithmetic and simple algebra almost every day. Sometimes we do mathematical calculations without even being conscious that we are doing them. And other times, we are all too aware that it is mathematics that we are trying to do.
In this chapter, we have taken up six types of numerical problems that most of us encounter in our day-to-day lives. They all have one thing in common—percentages.
1 MARK-DOWN PROBLEMS
Everybody looks for bargains. Advertisements such as “Everything must go,” “Prices slashed by 50% and more,” and “Lost our lease” attract bargain hunters like honey attracts bees. Let's see how much you're actually saving.
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