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Locksmith

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AVG. SALARY

$40,940

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EDUCATION

High school preferred +

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JOB OUTLOOK

Stable

Real-Life Activities

Real-Life Math -- Solution

Materials

3 locks x $57.50 per lock = $172.50
4 extra sets of keys per lock x $1.89 per key x 3 locks = $22.68

Subtotal: $22.68 + $172.50 = $195.18
7 percent sales tax: 0.07 x $195.18 = $13.67

The subtotal for the materials is $195.18 -- 7 percent tax on this amount comes to $13.67.

Labor

2.5 hours x $16.50 = $41.25

Total

$195.18+ $13.67 + $41.25 = $250.10

"Whether you're totaling an invoice or estimating a project, math is an important component in the locksmith's packet of knowledge," says locksmith Michael Wright.

Locksmiths even have to draw on mathematical skills when master keying locks, as it is a task that requires an ability to deal with and understand mathematical progressions.


Contact

  • Email Support

  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900

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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.