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Real-Life Math

You have been a taxidermist for close to 6 months now. You decide it is time to look at your books and see whether or not you are showing a profit.

"One of the most important things math will do for you," says taxidermist Bob Davis, "is tell if you are making a profit. Without this knowledge you will not be able to stay in business."

In order to determine whether you are making a profit or not, you must calculate the cost of supplies. You need to consider the following items:

Supplies: $12,542
Rent: $2,400
Advertising: $250
Insurance: $1,500
Storage: $1,600
Telephone and Hydro: $832

Your income, before taking off any of these costs, has been $35,400.

What's your net income over the past 6 months? How much did you make per hour? (You worked 40-hour weeks.)

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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.