In this lesson we will cover the \textbf{theory} of \textit{Consumer Arithmetic}. \begin{questions} \question[2] What is \underline{consumer} \underline{arithmetic}? (break down the 2 words) \begin{solutionordottedlines}[1in] Consumer means somebody that takes something and uses it. Arithmetic is the manipulation of something by knowing the rules by which it abides. \end{solutionordottedlines} \question[1] Why is learning about consumer arithmetic important? \begin{solutionordottedlines}[1in] By default humans are all consumers, and so being good at the arithmetic of consuming things is something that can be advantageous to all that are human. \end{solutionordottedlines} \question[1] What will we be doing next lesson and why? \begin{solutionordottedlines}[1in] Because consumer arithmetic can become a little confusing we will be doing a \textit{problems workshop} next lesson where we attempt harder questions in a quieter setting. There will also be some questions from prior topics interspersed so that you don't forget everything you have worked so hard to learn. \end{solutionordottedlines} \end{questions} Here is a box with a number of \textbf{buzz words} from today's class. As you come to understand these words, cross them off here. \fbox{% \makebox[\textwidth]{ \randomword{appreciation}% \randomword{GST}% \randomword{simple interest}% \randomword{compound interest}% \randomword{commissions}% \randomword{inflation}% \randomword{depreciation}% \randomword{discounts}% } }