EDMA108 Rebecca Calleja

Everyday Application Task S00170593

Financial Mathematics Going to the Queen Victoria Market

1. Susan is entering herself into a local baking

contest. She decides to bake her apple pie
which her family and friends always enjoy
eating when she makes it. Susan needs to go
to the Queen Victoria market to buy 40
Granny Smith apples to make her pie.

Determine whether you would buy from vendor 1, 2 or 3 in order to pay the
least amount of money for the apples

VENDOR 1
VENDOR 3
6 apples for
4 apples for 60
84 cents
cents

2. The content for this problem is

based off the Australian VENDOR 2
National Curriculum for year 7
12 apples for
students. Children in this year
$1.92
level are expected to solve problems involving
comparison, addition, division and multiplication all
of which are required in the methods to solve the question. This type
of problem comes under Money and Financial Mathematics

- Investigate and calculate best buys with and without digital

technologies

3. In order to find the best buy on the Granny Smith apples the student
may take either of the following approaches to the question.

Method 1: Determine the cost of 1 apple from each of the vendors

Vendor 1 Vendor 2 Vendor 3

6 apples for 84 cents 12 apples for $1.92 4 apples for 60 cents

86 6 = 14 192 12 = 16 60 4 = 15
1 apple = 14 cents 1 apple = 16 cents 1 apple = 15 cents

In order to determine the cheapest offer on apples divide the cost of the
apple by the number of apples to price is applied to. This then provides us
with the cost each vendor is charging per apple.
Vendor 1 would be the best buy for the apples
EDMA108 Rebecca Calleja
Everyday Application Task S00170593

Method 2: Finding the lowest common multiple

Step 1: Find the smallest number which 6, 12 and 4 divide into with no
remainders (known as the lowest common multiple)
12 2 = 24
6 4 = 24
4 6 = 24
Step 2: Find the cost of 24 apples using the 3 different prices from the
vendors
Vendor 1 Vendor 2 Vendor 3
6 apples for 84 cents 4 apples for 60 cents 12 apples for $1.92
4 84 = 336 6 60 = 360 2 192 = 384
24 apples = $3.36 24 apples = $3.60 24 apples = $3.84

In order to find the cost of 24 apples we must multiply the vendors price by
the number which we multiplied the apples to equal 24.
Vendor 1 would be the best buy for the apples

Both methods show that Susan should buy her apples from Vendor 1 as they
offer the cheapest price on apples.

References
Eureka Tower Climb: Example of real life task. Retrieved from
http://leo.acu.edu.au/pluginfile.php/960836/mod_resource/content/4/Example
%20of%20real%20life%20task.pdf
EDMA108 Rebecca Calleja
Everyday Application Task S00170593

Australiancurriculum.edu.au,. (2014). The Australian Curriculum v7.0

Mathematics Foundation to Year 8 Curriculum by rows. Retrieved 13 August
2014, from
http://www.australiancurriculum.edu.au/mathematics/Curriculum/F-8?
y=5&y=6&y=7&y=8&s=NA&s=SP&layout=1
Acara.edu.au.. (2014). Australian Curriculum Assessment and Reporting
Authority, Year 7 Mathematics Student Portfolio Summary. Retrieved 16
August 2014 from
http://www.acara.edu.au/curriculum/worksamples/ac_worksample_mathemati
cs_7.pdf