2000 Business Math Page 1

1. .054 converted to a decimal is a. .54. b. .054. c. .0054. d. .00054. e. .000054

2. Round 2.937,214 to the nearest ten thousand. a. 2.900.000 b. 2.937,210 c. 2,937.200 d. 2.937,000 e. 2.940,000
3. Sheryl's checkbook said that she had $12,571.54 in a. $8,318.34 b. $9,162.61 c. $10,922.92 d. $11,826.83 e. $12,359.79
her account. That week she wrote checks for $300.00,
$128.97, and $2,564.60. If she also made two deposits of
$563.50 and $781.45, what should the balance on her
checkbook be?
4. Find the lowest common denominator of 3/8, 5/6, a. 96 b. 48 c. 24 d. 72 e. 60
7/12, 1 l/24,and 1/48.
5. Sarah sells insurance door to door. She is paid $5.75 a. $376.50 b. $506 c. $468.75 d. $485 e. $436.25
an hour, and she receives 6 commission on the insurance
that she sells. If she worked 40 hours last week and sold
$4,600 worth of insurance, how much did she earn?
6. Martin wants to put some fencing in his back yard. He a. $3,502.80 b. $3,268.30 c. $2,211.30 d. $1,290.50 e. $3.376.70
needs 140 yards of fence for the perimeter of his yard. 45
yards of fence to enclose his pool, and 25 yards of fence to
enclose an area for his show dogs. He picked out a chain-
link fencing that costs $10.53 per yard and $6.15 per yard
to be installed by the company who sells it. How much
will it cost Martin to put in the fencing that he desires?
7. A washing machine cost $2,100 with a scrap value of a. $1,530 b. $300 c. $1,125 d. $1,475 e. $1,460
$300. It is supposed to be good for 40,000 loads of
laundry. If after a period of time the washing machine has
washed 25,000 loads of laundry, what would the
deprecation expense be?
8. 81/18 converted to a mixed number is a. 18/81. b. 3 7/18. c. 4 1/2. d. 4 4/9. e. 4 1/3.
9. Ron needs to move some furniture across country. a. $186.59 b. $194.58 c. $202.12 d. $217.44 e. $220.07
The LJ-Haul truck that he rents costs $29.95 per day and 5
4/5 cents a mile. It takes Ron 2 days and 2,452 miles to
reach his destination. How much money does Ron owe for
use of the truck?
10. Ed is 7 times as old as his stepsister Laura. If he is 48 a. 12 b. 23 c. 4 d. 17 e. 8
years older than she is, how old is she?
11. 1,275 is 510 of what number? a. 475 b. 1,200 c. 25 d. 250 e. 2,500
12. Don and Sam went out and sold raffle tickets. When a. 290 b. 148 c. 83 d. 365 e. 73
they were finished, they had sold 438 tickets. Sam sold 5
times as many tickets as Don. How many tickets did Sam
sell?
13. Gerald owns 10,000 shares of stock in a major shoe a. $20,746 b. $200,937 c. $400.680 d. $447.440 e. $524,650
corporation. When he saw the opportunity, he sold 1,175
of the stock and on two other occasions, he sold 835 shares
each time. Stock in the shoe corporation is now worth $56
a share. What is the total value of Gerald's remaining
shares?
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14. John has three lengths of string, one is 1 3/4 feet a. 9 5/8 b. 115/12 c. 10 15/24 d. 11 ½ e. 107/12
long, and the others are 3 6/8 and 5 1/12 feet long
respectively. What is the total length of the three pieces of
string?
15. A box takes up 3 1/4 sq. ft. and a warehouse has 688 a. 178 b. 325 c. 212 d. 256 e. 211
sq. ft. of space. How many boxes can fit in the warehouse?
16. Find the monthly rate of interest on an account with a. 2.4 b. 2.3 c. .23 d. .4 e. 4.6
an unpaid balance of $ 151 and a finance charge of $3.62.
17. Fran earned $189.32 last week. Her federal tax was a. $171.79 b. $168.57 c. $159.57 d. $189.32 e. $149.87
$17.54; her state tax was $3.71. and a union dues of $8.50.
What is her net pay?
18. A bathroom set is priced at $ 11,400 and has a trade a. $10,440.50 b. $9,329.45 c. $10,637.95 d. $8,412.70 e. $9,326.05
discount of 15. Shipping the set costs $75.50. What is the
delivered price if there is a cash discount of 4.5?
19. 2/10, 1/15, n/25 ROG means the cash discount period a. 15 days after the b. 10 days after the c. 25 days after the d. after 25 days. e. 10 days from
ends goods are goods are delivered. goods are delivered. beginning of
delivered. invoice.
20. Eric bought a shirt for $ 18.57, but he found out that a. $19.45 b. $18.94 • c. $22.09 d. $21.46 e. $19.87
it did not fit. Since he could not return it, he decided to sell
it for a profit. How much will it cost if he decides to mark
up the price 19?
21. Stu wants to buy a truck. It is priced at $14,500 and a. $150 b. $175 c. $200 d. $225 e. $250
has an interest charge of $1,500. If there are 80 equal
payments, how much is each one?
22. Anthony made a down payment of $3,000 on the car a. $3,000 b. $540 c. $5,440 d. $3,600 e. $2,400
he just bought for $21,000. He has 40 payments of $540 to
make on the car. What is the finance charge?
23. A box machine can produce 86 1/7 boxes an hour. a. 1.720 b. 2.325 c. 6,581 d. 1,874 e. 1,927
How many boxes can it produce in 27 hours?
24. A grocery store is having a special on watermelons a. 48 b. 50 c. 45 d. 42 e. 51
and grapefruit. Watermelons cost $5.30 and grapefruit cost
$3.00 each. After the sale was over, the store had sold
1,262.40 worth of sale fruit. If the store sold seven times as
many grapefruit, how many watermelons did it sell?
25. There are 640 people involved in the Milltown coed a. 256 b. 384 c. 596 d. 192 e. 448
softball league. Of these people, 30 are women. How many
men are in the league?
26. As incentive. Mart's mom offered him $.215 for a. $168.53 b. $172.85 c. $180.41 d. $196.19 e. $204.38
every mile he runs in a year. After the year was through.
Matt had run 912.5 miles. How much, to the nearest cent,
did Mart's mom pay him?
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27. Shawn had two windows in his car replaced. The a. $173.37 b. $327.36 c. $346.74 d. $348.63 e. $366.26
windows cost $89.64 each. Installation for a window was
priced at $26.50. Also, at the last minute, he had them
tinted, which was $57.23 for a window. What was his
total?
28. A piece of string 6.31 feet long and a piece of string a. 50.69 feet b. 54.83 feet c. 48.52 feet d. 47.52 feet e. 50.61 feet
2.17 feet long are cut from roll of string that contains 57
feet of string. How much string remains on the roll?
29. A freezer is bought for $ 1600 and then sold for a. 35 b. 60 c. 45 d. 55 e. 40
$4000. What is the percent markup on selling price?
30. Gary receives a 15 commission on the merchandise a. $19,612 b. $18,081 c. $20,588 d. $20,118 e. $18,648
that he sells. If he sells $ 120,540 worth of merchandise,
what is his commission?
31. At Johnson Middle School, only 479 students of a. 1831 b. 1721 c. 1851 d. 1741 e. 1771
2,200 did not vote pizza as their favorite meal. How many
kids chose pizza as their favorite meal?
32. 2,400(X-17) =22,500. X equals: a. 23.675 b. 24.5 c. 25 d. 26.375 e. 27.8
33. At the grocery store Jackie's total came to $212.87. a. $12.13 b. $42.00 c. $38.13 d. $12.87 e. $37.13
Jackie gave the clerk a one hundred dollar bill and three
fifties. What was her change?
34. Naps Pizza had a decrease of 7.1 in sales from last a. $9.131.48 b. $10,203.88 c. $8,578.12 d. $8,850.98 e. $9,527.43
month. If Naps sold $9,527.43 last month, what were their
sales this month?
35. Little Tim has 6 VA candy bars. On his way to a. 1 7/8 b. 2 ½ c. 2 1/8 d. 1 ¾ e. 1 1/2
school he gives some away to his friends. He gives 1 1/8
of a candy bar away to Frankie. 1 '/z to Sammy, and 2 '/4
away to Violet. How many candy bars does he have left?
(fractions included)
36. What number increased by 4,100 equals 6,571? a. 1,471 b. 2,741 c. 2,471 d. 2,147 e. 1,714
37. Ginos is Eric's favorite place to eat. He eats there so a. $5.50 b. $5.75 c. $5.90 d. $6.45 e. $6.75
much that the boss let him buy trips to the restaurant. Eric
paid $219.30 for 34 trips to Ginos. How much money did
Eric pay per trip?
38. The CD Store marks up its CDs 31. If a CD is bought a. $18.98 b. $19.01 c. $20.43 d. $19.51 e. $18.68
by the store for $14.89, how much do they sell it for?
39. Bart has decided to move to the beach for the a. $850 b. $939 c. $747 d. $838 e. $887
summer so he rents a beach house for $850 a month for
three months. If he spends $3,489 that summer, how much
was spent on things other than rent?
40. Mr. Smith has a friend who owes him money. His a. $70,000 b. $64,000 c. $56,000 d. $71,000 e. $68,000
friend gave him $16,000, which was 20 of what was owed.
How much more money does Mr. Smith's friend owe?
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41. What is the price of an entertainment center that was a. $857.70 b. $966.15 c. $937.55 d. $821.30 e. $874.45
bought with a down payment of $325 and 11 payments of
$49.95?
42. What is the price of a chair that is normally $65.49, if a. $25.54 b. $26.81 c. $27.37 d. $28.19 e. $29.73
it is marked down by 61%?
43. 5/8 + 7/8 + 5/8 + 7/8 equals a. 5/7. b. 3 7/8. c. 17/8. d. 3. e. 23/8.
44. What is the principal if the interest for one month is $ a. $85,633.34 b. $101,566.67 c. $105,666.67 d. $104,233.34 e. $98,563.37
1,585 at 189
45. Bonnie's charge account had an unpaid balance of a. $174.50 b. $249.50 c. $209.50 d. $169.50 e. $35.00
$75.00 on July 1. During the month of July, she made a
payment of $40.00 and charged $134.50 in merchandise.
What is her unpaid balance?
46. Round 47,547,972,064 to the nearest ten million. a. 47,500,000,000 b. 47,550,000,000 c. 47,548,000,000 d. 47,547,970,000 e. 48,000,000,000
47. Amie carpeted his living and dining rooms. It took 86 a. $15.47 b. $18.62 c. $21.50 d. $16.48 e. $17.23
square yards to complete the job. The price was $
1,481.78. How much was the carpet per square yard?
48. Rocko's truck gets 12 miles to the gallon, and gas a. $100.57 b. $118.04 c. $109.53 d. $137.10 e. $125.09
costs $1.05 per gallon. IfRocko has to drive 1,349 miles,
how much money will it cost him?
49. If the cost is $93 and the selling price is $156, what a. $73 b. $37 c. $63 d. $36 e. $76
is the amount of markup?
50. 7 7/13 converted to a fraction is a. 71/13. b. 13/7. c. 49/13. d. 98/13. e. 71/7.
51. 57 days from June 16 is a. August 12. b. August 13. c. August 14. d. August 15. e. August 16.
52. The net price of an oven is $4,300 and the trade a. $9,275.60 b. $9,555.56 c. $9,343.82 d. $9,187.65 e. $9.329.53
discount rate is 55. What is the list price?
53. A note dated April 12 and due on June 17 runs for a. 63 days. b. 64 days. c. 65 days. d. 66 days. e. 67 days.
exactly
54. The price of a pair of pants went from $19.99 to a. 75 b. 21 c. 35 d. 31 e. 25
$26.99. What was the percent increase in price?
55. The price on a $120 pair of shoes has increased by a. $125 b. $137 c. $144 d. $151 e. $146
1/5. What is the new price of the shoes?
56. An invoice for merchandise for $765 is dated July a. August 8 b. August 9 c. August 10 d. August 11 e. August 12
27. It has terms that state 2/15, n/30. What is the last date
on which the cash discount can be taken?
57. The Playful Pals company produced 3,000 a. " $23,657.20 b. $25,112.80 c. $25,739.50 d. $26,784.30 e. $26,982.40
handcrafted dolls in the month of June. Of these dolls,
2,430 were sold. The dolls were priced at $46.99 each.
What was the total ending inventory cost?
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58. Sally works at a company that pays a commission a. $1,825.08 b. $1,659.43 c. $1,776.21 d. $1,195.08 e. $1,946.70
according to the amount of merchandise sold. On the first
$15,000 sales, there is a 4 commission; on $15,000 to
$25,000, a 5.2 commission; on $25,000 to $40,000, a 7
commission; and above $40,000, an 8.2 commission. Last
month, Sally sold $26,072.59 in merchandise. What was
her commission?
59. Wong bought a Home Entertainment System for a. $1.175.68 b, $1,170.40 c. $1,076.25 d. $1,134.46 e. $905.10
$2,586. He put a 35 down payment on it. How much was
the down payment?
60. What is the cost of 2,000 blocks of wood, if one a. 24 b. 240 c. 2.400 d. 1.2 e. 120
block is $.12?
61. Jen just got a $.25 per hour raise of pay. If she was a. 6.4 b. 4.2 c. 5.1 d. 5.7 e. 4.3
paid $4.35 per hour before, what is the percent increase in
her pay?
62. 125 converted to a decimal is a. .0125. b. 12.5. c. .125. d. 1.25. e. 125.
63. Judson received an invoice dated September 8 for a. $18 b. $9 c. $90 d. $27 e. None
$900 and the terms 2/10, 1/20, n/30. He paid the full
amount on September 19. What discount, if any, will
receive?
64. Herbert bought 18 tables for $9.95 each. If he plans a. $10.21 b. $12.24 c. $11.78 d. $179.10 e. $220.29
to sell them with a 23 markup, how much should he sell
them for?
65. What is the cost of one of eight payments if the down a. $36.91 b. $33.42 c. $35.67 d. $31.21 e. $50.66
payment was $110 and the selling price is $405.28?
66. A VCR can be bought for $989.99. The delivery and a. $1,126.86 b. $1.115.86 c. $1,110.56 d. $989.99 e. $1,026.86
installation charges are $125.87. Find the total cost of the
VCR.
67. Sharon bought a blouse for $31.25 after 7 sales tax. a. $29.99 b. $29.21 c. $29.29 d. $29.92 e. $30.01
How much did the blouse originally cost?
68. If a down payment of $125 is made on a cash price of a. $760 b. $635 c. $390 d. $660 e. $700
$760, how much has to be financed?
69. Find the simple interest on $850 invested at 7.5 for 4 a. $285.15 b. $255.00 c. $1,070.65 d. $298.12 e. $417.35
years.
70. Bob went to the store with $57 and came back with a. 12.4 b. 13.2 c. 14 d. 21 e. 16.3
$45. What was the percent decrease of Bob's money?
71. Jim bought a refrigerator. He put a down payment of a. $U60 b. $1.520 c. $2,020 d. $1.730 e. $1,670
$ 150 on it. and it will be paid off in 8 more payments of
$190. How much did the refrigerator cost?
72. Han picks pumpkins for a living. He gets $0.35 for a. $35.00 b. $185.50 c. $197.00 d. $196.50 e. $210.00
every pumpkin that he picks. If he works 6 days a week
and picks 100 pumpkins a day, how much does he make a
week?
73. Convert 0.034 to a percent. a. .034 b. .34 c. 3.4 d. 34 e. .0034
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74. N-12=50. Solve for N a. 38 b. 42 c. 52 d. 68 e. 62

75. If a sweater that usually is priced at $54.45 is marked a. 28 b. 24 c. 31 d. 25 e. 27
down to $39.20 because of a rip, what is the percent of
markdown?
76. Samuel is paid $150 plus 4.5 of all his sales. If he a. $424.50 b. $150.00 c. $365.87 d. $274.50 e. $326.75
was responsible for $6,100 in sales, how much did he
make?
77. A case of soda with a price of $5.99 is marked up 12. a. $6.17 b. $6.71 c. $6.68 d. $6.86 e. $6.54
What does the soda cost after the markup?
78. There are 560 sheep at the beginning of the summer. a. 65 sheep b. 480 sheep c. 75 sheep d. 80 sheep e. 85 sheep
By the end of the summer, the shepherd finds 1/7 of the
sheep to be missing. How many sheep were missing?
79. Change 8/13 to a decimal. a. .43 b. .76 c. .62 d. .77 e. .59
80. A special customer at the department store can buy a. $12.87 b. $11.04 c. $10.55 d. $10.87 e. $9.97
clothes for 18 less than the original price. How much
would a special customer pay for a shirt that cost $12.87?