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Real-Life Math

You've just finished fixing a furnace. It's time to figure out how much to charge your customer. You replaced 2 parts: a gas valve and a thermocouple. The job took an hour and a half of labor.

The gas valve costs $127. The thermocouple, which is a safety that shuts off the gas valve if the pilot ever goes out, costs $19.65.

Your hourly rate is $50. Also, you have to add 7 percent tax to the invoice.

How much does the customer owe?

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OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.