Real-Life Math
Dentists who run their own private clinics are basically businesspeople.
The amount of money they earn depends on how many clients they have, how much
they spend on staff, services, equipment and space, and how well they manage
the operation.
"We have to do bookkeeping just like every other businessperson,"
says dentist Sasha Prior.
You're a dentist with a busy private
practice. Keeping up with the patients doesn't leave you much time for
the management side of your work, so you like to check into the business on
occasion.
You do this by looking at your net daily profit. This is
the amount of money your office makes in a day after you subtract your expenses
from your revenue. Using the figures listed below, figure out your net daily
earnings.
Procedures Performed
9 exams, 18 cleanings,
13 root planings, 15 fluoride treatments, 5 fillings, 6 X-rays, 3 tooth extractions,
1 root canal and 2 crowns
Fee List
Exam $23, cleaning
$23, root planing $28, fluoride $10, filling $55, X-ray $35, tooth extraction
$57, root canal $350 and crown $550
Expenses
The two
full-time dental hygienists each earn $176 a day. And one part-timer
earns half that amount.
- The secretary earns $128 a day
- Bookkeeping is $75 a day
- Business expenses and office rental are $285 a day
- Equipment costs average $600 a day
In the end, what is the net daily profit?