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How can algebra help a company make good business decisions?

Businesspeople—especially managers and entrepreneurs—make critical decisions about money every day. It may surprise you to learn that business executives often use algebra to help them understand the marketplace and plan for the future.

Corporate Business Planning with business chart Teamwork Concept.
check exchanging hands

Employers use algebraic equations to calculate an employee's wages based on their pay rate.

Profest and loss diagram

CEOs use algebra to calculate a break-even point—the point where the business becomes profitable.

Woman calculating business costs

Marketing managers use algebra to calculate how much to charge for product.

Businesspeople are able to make smarter decisions when they use algebra to understand a problem and its possible solutions. In this lesson, you too will learn how to construct and solve algebraic equations. Who knows? It may be useful in the profession you choose to enter, as well.