Business Math review

Front

What is the cost of 4.5 pounds of bananas if they cost $0.68 per pound?

Back

$3.06

Front

If a fifth grade has 152 students and each student has 18 pencils, which operation would you use to find the total number of pencils?

Back

Multiplication

Front

What is 0.1675 rounded to the nearest hundredth?

Back

0.17

Front

How many pages did a business print if they printed 225 books with 350 pages each?

Back

78,750

Front

How do you find the average of a set of numbers?

Back

Add all the numbers together and divide by the count of numbers.

Front

What is the formula for calculating total cost?

Back

Total Cost = Price per Unit × Quantity.

Front

What is the difference between fixed costs and variable costs in a business?

Back

Fixed costs do not change with the level of output, while variable costs do.

Front

What is the purpose of a budget in business?

Back

To plan and control financial resources.

Front

How do you calculate percentage increase?

Back

Percentage Increase = ((New Value - Old Value) / Old Value) × 100.

Front

What is the formula for calculating profit?

Back

Profit = Total Revenue - Total Costs.