Specialized Math

Ratios, proportions, and percentages are all methods of comparing data, and each one is suited to a different kind of comparison. This program defines each of the three and discusses the purposes they serve.

What this course covers:

• What a ratio is and what it is used to compare
• What a proportion is and where it applies
• What a percentage is and how it expresses a comparison
• Choosing between the three depending on the comparison you need

Part of the Specialized Math series, for learners who need to work with comparative figures at work. Definitions come first, so no prior familiarity is required.

In the world of marketing, one of the most important skills is understanding mark-ups and mark-downs. These two factors help determine potential for profits and drive potential sales. After watching this course, you'll understand how to calculate mark-ups and mark-downs to maximize profits.

For businesses that sell products, knowing how to calculate the cost associated with creating those products is a vital part of understanding how to reduce costs and maximize profits. Here we'll cover the two kinds of production costs: fixed costs and variable costs. Then we'll use that information to calculate unit costs and do a break-even analysis.

Understanding interest is essential for making smart financial decisions, whether you are saving money or paying down a loan.

What this course covers:

• The difference between simple and compound interest
• How to calculate simple interest
• How to calculate compound interest
• Applying both to real saving and borrowing scenarios

A focused lesson for stronger everyday financial decisions.

Figuring out what to charge for your products is one of the most important parts of running a successful business. If your price is too high, your sales will suffer. If you underprice your products, you won't earn as much money as you should, and you'll sacrifice potential for growth. In this program, you will learn effective strategies for pricing your products.

If you've ever had a savings account or taken out a mortgage to buy a home, you're probably familiar with the term "interest." In this program, we're going to discuss interest and interest rates. We'll cover how interest rates are determined, and how they can impact the economy.

When it comes to running a business, one of the most important tasks is inventory management. This course covers the components of managing inventory along with strategies for carrying that management out in practice.

What this course covers:

• Why inventory management is central to running a business
• The components that make up inventory management
• Strategies for carrying out those components day to day
• Applying inventory basics in a working environment

Part of the Specialized Math series, aimed at employees and owners responsible for stock. A practical starting point for anyone new to inventory work.

Whether we're talking about our paychecks or how much a business makes in profit, there's often a difference between the initial amount made and what we get to keep. In this program, you'll learn the difference between gross and net, and what it means when it comes to employee paychecks, as well as business income.

Sometimes in life we encounter situations where we need a little more cash than we have on hand. Whether it's to buy a car or a house or to make a large purchase, when we take advantage of the availability of someone else's money for a set period of time, it's called a loan. In this course, we're going to learn how loans work so you can make informed decisions about when it's wise to take out a loan and when it's not.

When it comes to judging the success of a business, how much money it makes is one of the key factors. But there's a lot more that goes into determining how successful or viable a business is. In this program, we're going to look at two of those measures: profits and profit margins.

In business, as in life, sometimes we have to give a little to get something back. At its simplest, that's what a return on investment, or ROI, is. In this program, we'll discuss how to calculate ROI, what the limitations of ROI are when comparing the profitability of investments, and using rate of return.