Real-Life Math -- Solution
As a researcher in urology, you are eager to figure out if recent
funding cuts will affect your project.
This year, you need to conduct
3 experiments, each of which costs $800,000. You also need to consider that
your own salary is $41,000 per year.
Costs = ($800,000
x 3) + $41,000
Costs = $2,400,000 + $41,000
Costs =
$2,441,000
Your total costs this year are $2,441,000.
The
department's budget last year was $52.6 million. This year's budget
is $12 million less than last year's.
$52.6 million
- $12 million = $40.6 million
This year's department
budget is $40.6 million.
Every year, you receive 6 percent of the department
budget.
$40,600,000 x 0.06 = $2,436,000
This
year, you know you will get $2,436,000 from the department. Your project also
receives a grant for $50,000.
$2,436,000 + $50,000
= $2,486,000
You will have $2,486,000 to work with
this year. You breathe a sigh of relief -- you will be able to continue with
your project after all!