A machine operator is paid at the rate of $14.96 per hour if his hourly average of production is 350 written bills. If his hourly average is below 350, his hourly rate of pay is reduced by one-eighth. What would be his pay for a seven-hour day in which he produced 2,415 written bills?

A (U.S.) business math course typically includes a review of elementary arithmetic, including fractions, decimals, and percentages. Elementary algebra is often included as well, in the context of solving practical business problems.