By Burton S. Kaliski (Auth.)
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Extra resources for Business Mathematics
M. m. d. g. net due 10 days after receipt of goods Each type of terms serves an industry or a purpose. Terms such as n/30 are ordinarily found in industries where the buyer has a reasonable chance of selling the goods within the 30 days and of paying for the purchase out of the profits. m. may be appropriate. g. terms are available since it would be unfair to impose ordinary terms. The buyer might receive the invoice days ahead of the goods; it is only proper to count payment time from the receipt of the goods.
2. Production by the Constantine Apparel Company in 1982 totaled 33,000 men's suits. Production in 1981 was 24,000 units. Find the rate of increase in suit production. 3. If waste for the Constantine Apparel Company is normally 8^% on original material placed into production, how much will be wasted on 440 yards of original material? 4. In each example, find R (the rate) to the nearest tenth of a percent. 00 5. All-Sport Industries earned $264,000 in 1982. Find the 1981 earnings if (a) 1982 earnings are 20% more than 1981 earnings; (b) 1982 earnings are 20% less than 1981 earnings.
2. Solve for the unknown item. 3. Apply these techniques to subsequent problems in business mathematics. 34 Base, Rate, and Percentage To find a percentage, multiply base x rate, or P zz B x R Finding the percentage is the most familiar of the problems we will study in this chapter. In Sample Problem 1, we are solving for percentage (although the problem does not say so directly). SAMPLE PROBLEM 1 George Markus earns $12,600 in a year. He spends 8% of this amount for electricity and gas. Determine his annual electric and gas expense.
Business Mathematics by Burton S. Kaliski (Auth.)