The Invention of the“Driver’s Side Air Bag”

How this invention can apply to math

The History of the Invention

Inventor: Jess Cuevas Date of patent of Invention: 1991 Description: An air bag system includes:

• Steering Wheel

• A Container

• An Inflator

• An Air Bag

The Inventions Societal Contribution

Driver’s Side Air Bag’s are now a standard piece of safety equipment used in millions of vehicles throughout the world. This invention has saved thousands upon thousands of lives and will continue to be one of the most important contributions to vehicle safety ever created.

The Inventions application to Math

In order to measure the financial rewards to the inventor for this creation we can use a formula that includes percents.

By using this formula you will become business analysts today and will better understand how to use percents.

Formula Definitions UP = Unit Price (Net)

• The cost to buy the airbag. Net means the revenue left after expenses.

QS = Quantity Sold

• The amount of airbags sold to buyers. TR = Total Revenue (Net)

• The total amount of money gained from all the sales of airbags. RP = Royalty Percent

• The percentage of the total dollar revenue that the inventor will receive.

RR = Royalty Revenue

• The dollar amount of what the inventor receives.

Formula

UP x QS = TR RP x TR = RR

UP = Unit Price (Net) QS = Quantity Sold TR = Total Revenue

(Net) RP = Royalty

Percent RR = Royalty

Revenue

Examples

$73.00 = x/5600Formula.xls

2.76% = p/xFormula.xls

UP = $73.00 QS = 5600 TR = x (variable) RP = 2.76% RR = p (variable)

UP x QS = TR RP x TR = RR