Ch 12: MEGA Marketing: Business Calculation Basics

About This Chapter

Learn about business calculation basics in this chapter of the MEGA Marketing exam study guide. Prepare for your exam with these self-assessment quizzes and video lessons.

MEGA Marketing: Business Calculation Basics- Chapter Summary

The lessons in this chapter explore the basics of business calculation, including slopes and rate of change, ratios and rates, and calculations with ratios and proportions. Percents, compounding interest formulas, and taxes are also discussed. By the end of this chapter, you should be familiar with:

  • Slopes and rate of change
  • Ratios and rates
  • Calculations with ratios and proportions
  • Application of percents
  • Compounding interest formulas
  • Taxes and discounts

Short, engaging video lessons make the material fun and interesting, and self-assessment quizzes help you ensure you retain what you've learned. Use the jump feature under the timeline tab to review key moments from the video lessons, and visit your Dashboard to track your progress through the course.

Business Calculation Basics - Chapter Objectives

The Missouri Educator Gateway Assessments were designed to demonstrate competency in various subject areas and are used to ensure compliance with teacher licensing requirements. The Marketing exam measures competency in core marketing principles, marketing functions, and global marketing and research. The content in this Business Calculation Basics chapter of the study guide covers material that is tested in the core marketing principles section, which comprises about 36% of the entire exam. The questions on the exam are multiple-choice, and the test is administered via computer.

6 Lessons in Chapter 12: MEGA Marketing: Business Calculation Basics
Test your knowledge with a 30-question chapter practice test
Slopes and Rate of Change

1. Slopes and Rate of Change

The rate of change is shown through one variable as it changes the function of another variable and can be seen furthermore as location changes as a function of time. Learn more about slopes, rates of change, and the rate of velocity.

Ratios & Rates: Definitions & Examples

2. Ratios & Rates: Definitions & Examples

In mathematics, a ratio indicates the number of times that a smaller number is contained within a larger number, while a rate expresses a ratio for two quantities measured in different units. Explore the definitions and examples of ratios and rates, learn how to compare them, and solve practice problems.

Calculations with Ratios and Proportions

3. Calculations with Ratios and Proportions

Ratios allow us a way to mathematically compare two or more items, and proportions can help us find out even more information. Learn the definition of ratios and proportions, and understand how to calculate ratio and proportion problems.

Percents: Definition, Application & Examples

4. Percents: Definition, Application & Examples

Percent means per hundred and is expressed with the symbol %. Explore the definition, application, and example practice problems of percents and learn how to use percents with fractions and decimals.

Compounding Interest Formulas: Calculations & Examples

5. Compounding Interest Formulas: Calculations & Examples

Compound interest refers to interest calculated on both the principal amount of a loan or investment as well as on the accumulated interest. Learn about compounding interest formulas, review the calculations, and work examples. Understand the difference between simple and compound interest, and recognize the importance of the order of operations in calculating compound interest.

Taxes & Discounts: Calculations & Examples

6. Taxes & Discounts: Calculations & Examples

Shopping taxes and discounts are two calculations consumers need to understand. Learn the connection between math and shopping, examine examples and calculations for taxes and discounts, and review examples of tax as well as tax and discount calculations.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
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Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
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