Real-Life Math
Howard Smith is the co-owner of a small web design and multimedia
company.
"The accounting part is really important of course," he says.
"But you are dealing with software packages now that handle all the real math
for you. So basically, it is the processes that you go through to input that
data."
You're a small business owner specializing in customized T-shirts,
coffee mugs and pens. Most of your orders involve small numbers, like 20 or
30 items.
You've just received a phone call from a major computer company
in town. They want you to make up 500 mugs and 100 T-shirts with their logo
on them. This is a big contract, so you've agreed to give them 15 percent
off the regular price.
Your regular price for a mug is $2.25.
Your
regular price for a T-shirt is $12.95.
Tally up what these
mugs and shirts are going to cost your customer -- making sure to take 15
percent off the total and then add 11 percent for taxes.
How much will
this package cost your customer?