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Business Math Part 1
LI.MAT.301613.1.PE
Course Length: 1 Semester
Has Textbook: Yes

In Business Math Part 1, students will explore a variety of basic mathematical concepts, including algebraic equations, formulas, and operations using fractions, decimals, and percents. This course will show students how to work with percents to solve application problems and how to understand the mean, median, and mode of a distribution of data. Students will learn to implement real-world applications to solve business math problems, such as those related to banking services, payroll, taxes, and insurance. Practice problems will promote proficiency in dealing with everyday mathematical transactions.

Available Sept. 1, 2013






Course Objectives

Unit 1: Essential Content and Skills

  • Perform operations with whole numbers.
  • Calculate sums and differences of fractions and decimals.
  • Compute products and quotients of fractions and decimals.
  • Simplify fractions and mixed numbers.
  • Assess the divisibility rules, and identify the difference between prime and composite numbers.

Unit 2: Essential Content and Skills

  • Convert between decimals, fractions, and percents.
  • Solve percent problems in order to solve real-world problems.
  • Calculate the percent of increase and the percent of decrease.
  • Solve complex equations.
  • Translate sentences into equations in order to solve application problems.

Unit 3: Essential Content and Skills

  • Evaluate formulas.
  • Write and solve proportions.
  • Calculate the monthly service charges for an account.
  • Balance a checkbook.
  • Calculate credit card sales and fees.
  • Compute gross earnings of hourly and salaried employees.

Unit 4: Essential Content and Skills

  • Compute the amount of earnings withheld from a paycheck for Social Security and Medicare taxes.
  • Calculate the amount of federal withholding tax from an individual’s paycheck.
  • Compute the net pay for an individual.
  • Assess invoices and trade discounts.
  • Calculate markups and markdowns.
  • Analyze inventory and inventory turnover.

Course Materials

  • Business Mathematics (online textbook only)

*Only available as an iText course