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Category: Business Math

Business Math: Calculate Discounts & Sale Price

Sale: Percent off price

Calculating the sale price of an item is one of the few math problems that most people will actually use after high school. Nevertheless, many of us don’t know how to do it. Not knowing what the price will be at checkout is frustrating. And not knowing how to help customers is even more frustrating. Thankfully, there are some tricks to make it easier.

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Business Math Series: Markup

Markup is the percent of increase in selling price from the original cost. Companies mark up products they sell in order to make money for their business. How much they mark up the products depends on many factors, including demand, whether the product is a luxury item, and so forth. Some items are marked up considerably. It’s hard to believe we pay what we do for common items.

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Business Math: Percents

There are a few problems relating to percents that anybody might come across in everyday life and want to solve. I am going to show you how to solve a few of these problems, no matter how they are presented, whether it be to find the percent of a number or to find the answer to a percentage word problem. You will also learn how to easily find a percent increase.

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Business Math: Paying Employees a Living Wage

Business man breaking open piggy bank savingsWith all the talk about raising the Federal minimum wage to $10.10 per hour, business owners are thinking about living wages and how to ensure that they are paying their employees enough money to satisfy their basic needs.

Coming up with a blanket “living wage” might be a good start for helping lift millions of Americans out of poverty, but I think it’s worth noting that a living wage is personal and will vary from person to person.

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