4: Business Math
- Page ID
- 35415
\( \newcommand{\vecs}[1]{\overset { \scriptstyle \rightharpoonup} {\mathbf{#1}} } \) \( \newcommand{\vecd}[1]{\overset{-\!-\!\rightharpoonup}{\vphantom{a}\smash {#1}}} \)\(\newcommand{\id}{\mathrm{id}}\) \( \newcommand{\Span}{\mathrm{span}}\) \( \newcommand{\kernel}{\mathrm{null}\,}\) \( \newcommand{\range}{\mathrm{range}\,}\) \( \newcommand{\RealPart}{\mathrm{Re}}\) \( \newcommand{\ImaginaryPart}{\mathrm{Im}}\) \( \newcommand{\Argument}{\mathrm{Arg}}\) \( \newcommand{\norm}[1]{\| #1 \|}\) \( \newcommand{\inner}[2]{\langle #1, #2 \rangle}\) \( \newcommand{\Span}{\mathrm{span}}\) \(\newcommand{\id}{\mathrm{id}}\) \( \newcommand{\Span}{\mathrm{span}}\) \( \newcommand{\kernel}{\mathrm{null}\,}\) \( \newcommand{\range}{\mathrm{range}\,}\) \( \newcommand{\RealPart}{\mathrm{Re}}\) \( \newcommand{\ImaginaryPart}{\mathrm{Im}}\) \( \newcommand{\Argument}{\mathrm{Arg}}\) \( \newcommand{\norm}[1]{\| #1 \|}\) \( \newcommand{\inner}[2]{\langle #1, #2 \rangle}\) \( \newcommand{\Span}{\mathrm{span}}\)\(\newcommand{\AA}{\unicode[.8,0]{x212B}}\)
- 4.1: Ratio and Proportion
- Examples and applications of ratios are limitless: speed is a ratio that compares changes in distance with respect to time, acceleration is a ratio that compares changes in speed with respect to time, and percentages compare the part with the whole. We’ve already studied one classic ratio, the ratio of the circumference of a circle to its diameter, which gives us the definition of π.
- 4.2: Introduction to Ratios and Rates
- We use ratios to compare two numeric quantities or quantities with the same units.
- 4.3: Introduction to Proportion
- In this section, we equate ratio and rates in a construct called a proportion.
- 4.5: Percent, Decimals, Fractions
- So, when you hear the word “percent,” think “parts per hundred.”
- 4.8: Percent Increase or Decrease
- A person’s salary can increase by a percentage. A town’s population can decrease by a percentage. A clothing firm can discount its apparel. These are the types of applications we will investigate in this section.