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Mm255 Unit 2 Assignment 1

MM255 Business Math and Statistical Measures Unit 1: Instructor Graded Assignment Basic Math In this class, you will complete an Instructor Graded Assignment in Units 1 to 10. These Assignments give you a chance to apply the skills you have learned as you complete each unit. You will have a chance to solve problems using a combination of the math skills learned and internet research. Unit 1 focuses on solving basic math problems, which is covered in your reading from: ● Chapter 1: “Review of Whole Numbers” ● Chapter 2: “ Review of Fractions” ● Chapter 3: “Decimals” ● Chapter 4: “Percentages” You must show your work at all times. The steps for solving each problem must be explained. Failure to do so could result in your submission being given a 0 grade. If you have any questions about how much work to show, please contact your instructor. Assignments must be submitted as a Microsoft® Word® document and uploaded to the Dropbox for Unit 1. Type all answers directly in this Assignment below each question .

MM255 Business Math and Statistical Measures Jill Willis MM255 Unit 2 Assignment The equation that I am going to use is to show what a family owes monthly in dance tuition (X, 1 st variable), the late fee that would be applied per month if not paid on-time (Y, 2 nd variable) and then what they would owe if past due three months (C, total) Equation: C=Total Due, X (Monthly Fee) + Y (Late Fee) = C Equation 2: C=Total Due, X (3 months of fees) + Y (3 Months of Late Fees) = C The two solutions to my equation include 1) showing the total amount due per month with the late fee, and 2) showing how much total they owe at the end of three months. Equation: C=$240.00, X ($225.00) + Y ($15.00) = $240.00 Equation 2: C=$720.00, X ($675.00) + Y ($45.00) = $720.00 Equations are used in business transactions to keep track of income, debts, profit margins, assets/liabilities, and to gage if your business is profitable or not. Two examples would be the profit margin equation and the basic accounting equation. The first equation is the profit margin.