How does Algebra relate to Business, as in how does Algebra relate to my career path?

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jgeertz | College Teacher | (Level 1) Associate Educator

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Algebra has many practical applications in the business world. Business people use algebraic concepts when they determine cost/profit ratios. They use it when they decide how many workers they can employ and at what hourly rate. Executives figure volume and shipping costs for their company product. They create scatter plots of data with regression equations to chart business growth or deceleration. Staying within budget is an algebraic business function. The finance, accounting, and marketing departments will all use algebra. The list could go on and on. Anytime one needs to determine the value of unknown variables, algebra comes into play. It is critical to have a solid foundation in algebra if one wishes to compete in the world of business.

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