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Real-Life Activities

Real-Life Math -- Solution

1. What's your net income over the past 6 months?

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

Net income = $35,400 - ($12,542 + $2,400 + $250 + $1,500 + $1,600 + $832)
Net income = $35,400 - $19,124
Net income = $16,276

Your net income over the past 6 months is $16,276.

2. How much did you make per hour?

Average per hour = $16,276 / [6 months x (40 hours a week x 4 weeks per month)]
Average per hour = $16,276 / [6 months x 160 hours per month]
Average per hour = $16,276 / 960 hours
Average per hour = $16.95

You made about $16.95 per hour.

"Math can make it all come together and show you if you are making a profit," says Bob Davis. "Learn it well. It is more important than I could ever tell you, so be prepared."


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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.