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Musician

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AVG. SALARY

$47,258

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EDUCATION

No standard requirement

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JOB OUTLOOK

Stable

Real-Life Activities

Real-Life Math -- Solution

You're dividing up the cover for a four-night stand at a local nightclub. First, figure out the band's total take. Start by totalling up the cover charge amounts:

$2,500 + $4,100 + $5,250 + $4,560 = $16,410
20 percent of $16,410 = 0.20 x 16,410
20 percent of $16,410 = $3,282

Now figure out how much each person gets:

Gary = 0.15 x 3,282
Gary = $492.30

Mary, Dave and Judy = 0.20 x 3,282
Mary, Dave and Judy = $656.40 each

You = 0.25 x 3,282
You = $820.50


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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.