Marketing Essentials

Section 2: Interpreting Numbers

After You Read Online Action

Key Terms and Concepts

  1. The decimal equivalent of 1/3 is 0.333.
  2. The decimal equivalent of 40 percent is .40; the percentage equivalent of 1 is 100 percent.
  3. Graphs present information in a way that is easy to understand. Three common forms of graphic representation are bar graphs, line graphs, and circle graphs.

    4. Academic Skills

  4. Time-and-a-half is written as $150%, you will receive $20.25; $13.50 X 1.5 = $20.25
  5. The prime rate is the interest rate charged by banks to their most creditworthy customers. Graphs will vary and should include data from the last 10 years.
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