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Business Math: How to Split Tips Between Employees

In most restaurants across the country, servers receive the majority of tips. However, all of the restaurant’s employees are jointly responsible for the customer’s satisfaction and so most restaurants require that servers …

Business Math: Pricing and Marginal Cost

Understanding fixed and marginal cost is a must for small businesses. Knowing how much it will cost to produce one more item or provide one more service helps a business form a competitive …

a person calculating interest

Business Math: How to Calculate Interest

To calculate interest correctly, you need to know three values: The principle amount The interest rate The amount of time (in years or fractions of a year) When you know these three …

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