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Real-Life Math

You have your own furniture design business, Knock On Wood Designs. You build high-quality hardwood furniture.

A customer has custom ordered an oak entertainment center. He wants to know how much it's going to cost. You estimate it's going to take 80 hours of your time. Your hourly rate is $30.

The wood will cost $470. Other assorted materials will cost $40. You also have to add 7 percent tax to the total.

What will be the price of the entertainment center?

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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.