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Real-Life Math

"The most important math skills that are required, mainly with operations personnel, packers and van operators, is geometry [space requirements]. Most packing and loading are done on space requirements. The space requirements are then converted to average weights, but the vans will be booked and scheduled based on space available," says MaryScott Tuck of the American Moving and Storage Association.

Leo Miller is the owner of a small moving company. "Math skills are good, but you can be trained to do the basic math that is needed," he says.

As an owner or manager of a moving company, you will have to provide various types of insurance coverage to your clients in case you lose or damage some of their property. Some coverage provides minimal returns at minimal cost and may be provided free by a moving company. Here's an example:

Free coverage costs the moving company $0.40 per pound for each item shipped. That means the customer will receive $0.40 per pound for anything that is damaged. In unloading a desk weighing 150 pounds from the back of the truck, one of your drivers drops it and damages it beyond repair. How much would you have to pay the customer?

If the customer wants to pay for a higher level of coverage, they could take out a premium based on the item's actual value. If the customer had paid for this coverage at $0.90 per each $100 of stated value and declared that the desk was worth $500, how much would the customer have paid for the coverage?

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.