Business Math For Dummies by Mary Jane Sterling

By Mary Jane Sterling

The basic table reference for each company specialist or studentThis easy-to-understand source explains advanced mathematical thoughts and formulation and provides transparent examples of the way they relate to real-world company events. that includes sensible perform difficulties to assist readers hone their talents, it covers such key issues as operating with percents to calculate raises and reduces, utilizing easy algebra to resolve proportions, and utilizing easy records to research uncooked info. Readers also will locate options for finance and payroll purposes, together with analyzing monetary statements, calculating wages and commissions, and strategic wage making plans.

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Do you get the same thing changing the fraction to a decimal? No, not really. 3333 . , which approximates 1⁄3 but isn’t exactly the same. You don’t really notice the difference unless you’re dealing with large amounts of money or assets. Adding and subtracting fractions Fractions can be added and subtracted only if they have the same denominator. So before adding or subtracting them, you have to find equivalent values for the fractions involved so that they have the same denominator. qxd 28 5/27/08 9:32 AM Page 28 Part I: Reviewing Basic Math for Business and Real Estate Transactions fraction are the same multiple as the numerator and denominator of the other fraction.

You know that the sawdust accounts for at least the last three decimal digits of the number. 8 inches, which is equal to about 1 foot, 67⁄8 inches. When rounding decimals, you decide how many decimal places you want in your number, and then you round to the nearer of that place and lop off the rest of the digits. You can also use the Rule of 5 when rounding. I explain the different ways to round in the following sections. Rounding to the nearer digit The rule for rounding is that you choose how many decimal digits you want in your answer, and then you get rid of the excess digits after rounding up or down.

Great work! qxd 42 5/27/08 9:53 AM Page 42 Part I: Reviewing Basic Math for Business and Real Estate Transactions When using proportions to interpolate, be careful not to assume a relatively equal rate between the consecutive entries in the table. In the practice problem, if I would have tried to interpolate starting from the beginning of the year, I would have received a completely different (and incorrect) number. Only 20 homes were sold during the first two months and then 30 more during the third month.

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