Cover image for Mathematics for business
Mathematics for business
Salzman, Stanley A.
Personal Author:
Seventh edition.
Publication Information:
Boston : Addison-Wesley, [2001]

Physical Description:
xxi, 871 pages : illustrations (some color) ; 26 cm
General Note:
Multi-media instructional aids are available to supplement the text.

Includes index.
Subject Term:
Format :


Call Number
Material Type
Home Location
Item Holds
HF5691 .S26 2001 Adult Non-Fiction Non-Fiction Area

On Order



The seventh edition of this text continues to provide solid, practical, and current coverage of the mathematical topics students must master to attain success in business today. The text begins with a review of basic mathematics and goes on to introduce key business topics in analgebra-based context.

A new section in Chapter 1 on problem solving (Section 1.1) helps students become better critical thinkers, meanwhile reviewing basic skills. Optional scientific calculator boxes are integrated throughout, and financial calculator boxes are now presented in later chapters to help students become more comfortable with technology as they enter the business world. The text continues to incorporate applications to a wide variety of careers so that students from all disciplines can relate to the material. A real-world application has been added to every chapter opener.

Table of Contents

(Each chapter is followed by Chapter Concepts, a Quick Review of concepts and examples, Review Exercises, a Summary Exercise, and a `NetAssets exercise.)
Part I Basic Mathematics
1 Problem Solving and Operations with Fractions
Problem Solving
Addition and Subtraction of Fractions
Multiplication and Division of Fractions
2 Equations and Formulas
Solving Equations
Applications of Equations
Ratios and Proportions
3 Percent
Writing Decimals and Fractions as Percents
Finding the Part
Finding the Base
Supplementary Exercise: Base and Part
Finding the Rate
Supplementary Exercise: Rate, Base, and Part
Increase and Decrease Problems
Cumulative Review, Chapters 1-3
Part II Basic Business Applications
4 Banking Services
Checking Accounts and Check Registers
Checking Services and Depositing Credit Card Transactions
5 Payroll
Gross Earnings (Wages and Salaries)
Gross Earnings (Commission)
Gross Earnings (Piecework)
Social Security, Medicare, and Other Taxes
Income Tax Withholding
Payroll Records and Quarterly Returns
6 Taxes
Sales Tax
Property Tax
Personal Income Tax
7 Risk Management
Business Insurance
Motor Vehicle Insurance
Life Insurance
Cumulative Review, Chapters 4-7
Part III Mathematics Of Retailing
8 Mathematics of Buying
Invoices and Trade Discounts
Single Discount Equivalents
Cash Discounts: Ordinary Dating Method
Cash Discounts: Other Dating Methods
9 Markup
Markup on Cost
Markup on Selling Price
Markup with Spoilage
10 Markdown and Inventory Control
Average Inventory and Inventory Turnover
Valuation of Inventory
Cumulative Review, Chapters 8-10
Part IV Mathematics Of Finance
11 Simple Interest
Basics of Simple Interest
Simple Interest for a Given Number of Days
Maturity Value
Inflation and the Time Value of Money
12 Notes and Bank Discount
Simple Interest Notes
Simple Discount Notes
Comparing Simple Interest and Simple Discount
Discounting a Note
13 Compound Interest
Compound Interest
Daily and Continuous Compounding
Finding Time and Rate
Present Value at Compound Interest
14 Annuities and Sinking Funds
Amount of an Annuity
Present Value of an Annuity
Sinking Funds
15 Business and Consumer Loans
Open-End Credit
Installment Loans
Early Payoffs of Loans
Personal Property Loans
Real Estate Loans
Cumulative Review, Chapters 11-15
Part V Accounting And Other Applications
16 Depreciation
Straight-Line Method
Declining-Balance Method
Sum-of-the-Years'-Digits Method
Units-of-Production Method and Partial-Year Depreciation