Business and Consumer Mathematics

I.     Course Prefix/Number: MAT 111

       Course Name: Business and Consumer Mathematics

       Credits: 4 (4 lecture; 0 lab)

II.    Prerequisite


III.   Course (Catalog) Description

Course reviews arithmetic and introduces algebraic techniques for students pursuing Oakton degrees and certificates in business related fields. Content includes profit and loss, interest, amortization, installment transactions, percentage, discount, taxes, depreciation and statistics.  Calculators and spreadsheets will be used where appropriate.

IV.   Learning Objectives

  1. Solve problems with whole numbers, fractions, decimals, equations and formulas using arithmetic and algebraic operations.
  2. Compute percentage calculations with discount, markup, depreciation, and taxes.
  3. Solve business problems using rules of exponents.
  4. Calculate installment sales and annuities using simple and compound interest.
  5. Calculate payroll earnings and insurance.
  6. Understand the relationship of mathematics to financial statements.
  7. Apply basic concepts of statistics to analyze business problems.
  8. Use calculators and spreadsheets to solve business problems.

V.    Academic Integrity and Student Conduct

Students and employees at Oakton Community College are required to demonstrate academic integrity and follow Oakton's Code of Academic Conduct. This code prohibits:

• cheating,
• plagiarism (turning in work not written by you, or lacking proper citation),
• falsification and fabrication (lying or distorting the truth),
• helping others to cheat,
• unauthorized changes on official documents,
• pretending to be someone else or having someone else pretend to be you,
• making or accepting bribes, special favors, or threats, and
• any other behavior that violates academic integrity.

There are serious consequences to violations of the academic integrity policy. Oakton's policies and procedures provide students a fair hearing if a complaint is made against you. If you are found to have violated the policy, the minimum penalty is failure on the assignment and, a disciplinary record will be established and kept on file in the office of the Vice President for Student Affairs for a period of 3 years.

Please review the Code of Academic Conduct and the Code of Student Conduct, both located online at

VI.   Sequence of Topics

  1. Problem Solving with Whole Numbers and Decimals
  2. Problem Solving with Fractions and Percent
  3. Problem Solving with Formulas and Equations
  4. Statistics, Tables and Graphs
  5. Bank Records
  6. Payroll
  7. Trade and Cash Discounts
  8. Markup and Markdown
  9. Simple Interest and Simple Discount
  10. Compound Interest, Future Value, and Present Value
  11. Annuities and Sinking Funds
  12. Consumer Credit
  13. Depreciation
  14. Inventory, Turnover, and Overhead
  15. Financial Statements
  16. Insurance
  17. Taxes
  18. Stocks and Bonds
  19. Use of Calculators and Spreadsheets

VII.  Methods of Instruction

Methods of instruction may include lectures, discussion, demonstration, experimentation, audio-visual, group work, and regularly assigned homework.
Calculators / computers will be used when appropriate.
Course may be taught as face-to-face, hybrid or online course.

VIII. Course Practices Required

Course practices include attending class, completing homework assignments, participating in discussions and taking quizzes and exams.

Course may be taught as face-to-face, hybrid or online course.

IX.   Instructional Materials

Note: Current textbook information for each course and section is available on Oakton's Schedule of Classes.

Note: Current textbook information for each course and section is available on Oakton's Schedule of Classes. Within the Schedule of Classes, textbooks can be found by clicking on an individual course section and looking for the words "View Book Information".

Textbooks can also be found at our Mathematics Textbooks page,

X.    Methods of Evaluating Student Progress

Evaluation methods can include assignments, quizzes, chapters or major tests, individual or group projects, computer assignments and/or a final examination.

The following applies to the online section of this course only:

This online course requires that students take their exams as directed by their instructor: either on campus at Oakton's Testing Center, at an authorized testing center with a face-to-face monitor, or remotely through a pre- approved testing service.   (To be customized by instructor.)

XI.   Other Course Information

If you have a documented learning, psychological, or physical disability you may be entitled to reasonable academic accommodations or services. To request accommodations or services, contact the Access and Disability Resource Center at the Des Plaines or Skokie campus. All students are expected to fulfill essential course requirements. The College will not waive any essential skill or requirement of a course or degree program.

Oakton Community College is committed to maintaining a campus environment emphasizing the dignity and worth of all members of the community, and complies with all federal and state Title IX requirements.

Resources and support for
  • pregnancy-related and parenting accommodations; and
  • victims of sexual misconduct
can be found at

Resources and support for LGBTQ+ students can be found at

Electronic video and/or audio recording is not permitted during class unless the student obtains written permission from the instructor. In cases where recordings are allowed, such content is restricted to personal use only. Any distribution of such recordings is strictly prohibited. Personal use is defined as use by an individual student for the purpose of studying or completing course assignments.

For students who have been approved for audio and/or video recording of lectures and other classroom activities as a reasonable accommodation by Oakton’s Access Disabilities Resource Center (ADRC), applicable federal law requires instructors to permit those recordings. Such recordings are also limited to personal use. Any distribution of such recordings is strictly prohibited.

Violation of this policy will result in disciplinary action through the Code of Student Conduct.