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Real-Life Activities

Real-Life Math -- Solution

You want to figure out how much you will make by producing this band's album.

6 weeks x 40 hours = 240 hours
$5,000 total / 240 hours = $20.83 per hour

You would make over $20 an hour.

How much profit will you make if the band sells 100,000 albums at $18 each?

100,000 albums x $18 per album = $1.8 million
You get 15 percent of $1.8 million.
Profit = $1.8 million x 0.15
Profit = $270,000

You would make $270,000 in profit.