Post on 03-Jan-2016
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Financing your project
Unfortunately money doesn't
grown on trees....
And no matter how many
extravagant ideas you
have...Things cost money!!!
Earlier in the project you researched how much you could
sell your project for... Or how much you could charge in rent ... Or how much income you would
get..This will help you to work out how
much you can spend on the project! Don't forget the whole idea is that you want to make
money!!
What maths could be involved in creating a bedroom?
Creating a Bedroom
Some common bedroom furniture. Can you estimate the cost? (Excluding VAT)
Bed Wardrobe
£699£899
Chest of Drawers
£229
Bedside Table
£85
Dressing Table
£254
WallpaperPer roll
£29
PaintPer
5litreTin
£31.99
CarpetPer m²
£28
Ignoring the cost of the flooring, walls
and labour, Can you work out an
estimate for the cost of the basic furniture?
Ignoring the cost of the flooring, walls
and labour, Can you work out an
estimate for the cost of the basic furniture?
Item Cost (£)
Bed 899
Wardrobe 699
Chest of Drawers 299
Bedside Table 85
Dressing Table 254
Subtotal
VAT (15%)
Grand Total
Item Cost (£)
Bed 899
Wardrobe 699
Chest of Drawers 299
Bedside Table 85
Dressing Table 254
Subtotal 2236
VAT (15%)
Grand Total
Item Cost (£)
Bed 899
Wardrobe 699
Chest of Drawers 299
Bedside Table 85
Dressing Table 254
Subtotal 2236
VAT (15%) 335.40
Grand Total
Item Cost (£)
Bed 899
Wardrobe 699
Chest of Drawers 99
Bedside Table 85
Dressing Table 254
Subtotal 2236
VAT (15%) 335.40
Grand Total 2571.40
Recap:Finding 15%
15% = 10% + 5%
To find 10% you ÷ 10When you know 10%, ÷ 2 to find
5%
Plan of the bedroomPlan of the bedroom
2.5m2
.5m
3m
3m
2.5m
5m5m
2.5
m
2m
1m2
m
1.5m
Floor
Door
Window
Can you work out the cost of the carpet?
Can you work out the cost of the carpet?
CarpetPer m²
(excluding VAR)
£28
2.5m
2.5
m
3m3
m
2.5m
5m
5m2.5
m
2m
1m2
m
1.5m
Floor
Door
Window
Area of floor Cost of Carpet Area of floor x cost per m² 15m² x £28
£420 Add VAT (15% of £420 =
£63) 5m x 3m = 15m² £483
Area of floor Cost of Carpet Area of floor x cost per m² 15m² x £28
£420 Add VAT (15% of £420 =
£63) 5m x 3m = 15m² £483
5m
3m
Can you work out the cost of the walls?
Can you work out the cost of the walls?
2.5m
2.5
m
3m
3m
2.5m
5m
5m
2.5
m
2m
1m
2m
1.5m
Paint
Paint
Paint
Wallpaper
WallpaperPer roll
£29
PaintPer 5litreTin
£31.99 To help you....
One roll of wallpaper covers 8m²5 litres of paint covers 10m²
The cost of the paint.The cost of the paint.3m
2.5
m
2.5
m
5m
2m
1m
2.5
m
3m2m
1.5
m
3m x 2.5m= 7.5m²
Full wall – door(5m x 2.5m) – (2m x 1m)
=10.5m²
Full wall – window(2.5m x 3m) – (1.5m x
2m)= 4.5m²Total wall area = 7.5m² + 10.5m² + 4.5m²= 22.5m²
If each tin covers 10m² then we need to divide the total area by 10.22.5 ÷ 10 = 2.25
Therefore you need to by 2 ¼ tins of paint.
To work out the costAmount of tins of paint needed x cost of a tin of paint
2 ¼ x £31.99= £71.98 (Nearest pence)
Add VAT (15% of £71.98 = £10.80)= £82.78
The cost of the wallpaper.The cost of the wallpaper.
5m
2.5
mArea of wall5m x 2.5m= 12.5m²
Amount of wallpaper = Area of wall divided by 8. = 12.5 ÷ 8 = 1.5625 rollsIf you can just buy the exact amount of wall paper then it would cost you 1.5625 rolls x £29 (cost per roll) = £45.31
But, normally you must buy full rolls, so you will need two rolls! 2 x £29 = £58 + VAT (15% of 58 = £8.70) = £66.70
The Total BillThe Total Bill
Total Bill for Bedroom(Including VAT)
Furniture £2571.40Carpet £483.00Paint £82.78Wallpaper £66.70
Total ............
Task1.Work out the total bill.2.The charges for putting
the furniture together, painting the walls and
fitting the carpets is 12% of the total cost. How much
will your final bill be?3.There are 6 bedrooms in
this house. Work out an estimate for the cost of all
the bedrooms.
The Total BillThe Total Bill
Total Bill for Bedroom(Including VAT)
Furniture £2571.40Carpet £483.00Paint £82.78Wallpaper £66.70
Total ............
Task1.Work out the total bill.
£3203.882. The charges for putting
the furniture together, painting the walls and
fitting the carpets is 12% of the total cost. How much
will your final bill be?£3588.35
3. There are 6 bedrooms in this house. Work out an
estimate for the cost of all the bedrooms.
£21530.10
Task• Each person in your group choose a room in your project
Each person must•Using the internet and catalogues choose what you want to go in your room. Make a picture board showing all the products and the cost.•Assume prices do not include VAT. Work out the total cost including VAT.•Work out the cost of flooring (Show all working)•Work out the costs of the walls (Show all working)• Work out the total cost•Work out cost of labour (use 12% of total cost)• How many of these rooms are in the building? Find an estimate for the total cost of all the rooms.
As a group• Bring all your costs for the rooms together on an excel spreadsheet.•Estimate the cost of the rooms you have not covered (e.g. Corridors) Put these in the table.• Work out the total cost of the interior design of the building.