2005 SLC Business Math Page 1

Mark the correct answer on your Scantron sheet for each of the following:
For problems 1- 3 use the following information:
Carolina took her grocery list to the supermarket. She wished to purchase 1 can of corn, 8 bars of soap, 1 pound of coffee, 3 cans of peas, and 10 pounds of flour. When she
arrived at the supermarket, she found the following “specials.”

Special This Week

Sodas, 2-liter bottle for 95¢ Coffee, $2.69 per pound Soup, $.85 per can
Tuna, 2 cans for $2.25 4 bars of soap for 95¢ Peas, 6 can for $2.16
Peaches, 2 cans for $1.29 Sugar, 5 lb for $1.89 Flour, 10 lb for $1.85
Tomato Juice, 3 cans for $1.49 Detergent, $2.69 a pound Corn, 5 cans for $1.79
1. Find the cost of 8 bars of soap. a. $1.80 b. $1.90 c. $3.58 d. $3.80
2. Find the cost of 1 can of corn. a. $.36 b. $.34 c. $.35 d. $.85
3. How much will Carolina spend to purchase all the a. $7.88 b. $7.90 c. $8.78 d. $8.92
groceries on her list?
4. The Corcoran’s had a new wooden deck built. The tear- a. $8,378 b. $8,552 c. $8,228 d. $8,702
down of the old deck required 2 workers working 8 hours a
day for 1 ½ days. They each were paid $18/hr. The old
wood was hauled away to the landfill by a neighborhood
handyman who charged $150 for his services and the
dump fee. The new deck required 1 builder working 8
hours a day for 4 ½ days at $45/hr. Materials for the deck
cost $6500. What was the total cost of the new deck?
5. The high school marching band has been invited to play in a. 35 b. 29 c. 25 d. 20
Florida at a New Year’s bowl game. Each member must
raise $875.00 to go. Brad is able to save $35/week from
his lawn mowing job. How many weeks must he save in
order to have enough money for the trip?
For problems 6-7, find the reduced factional equivalent of each decimal.
6. .65 a. 5/6 b. 7/8 c. 11/12 d. 13/20
7. .888… a. 8/10 b. 8/9 c. 7/8 d. 4/5
For problems 8-9, express the answer in reduced form or as a mixed number in reduced form.
8. What is the sum of 1/4 and 3/5? a. 4/9 b. 3/20 c. 5/12 d. 17/20
9. What is the sum of 3/8 and 4/5? a. 7/13 b. 1 7/40 c. 32/15 d. 37/40
10. Susan is hired as a teacher on a 10-month contract for a. $3,112.50 b. $3,735.00 c. $2,735.50 d. $2,112.50
$37,350. If she is paid in 12 equal installments, what is
her monthly gross salary?
11. 14 yards is equal to how many inches? a. 42 b. 504 c. 168 d. 420
12. 1475 centimeters is equal to how many meters? a. 1.475 b. 147.5 c. 14.75 d. .1475
For problems 13-14, express the answer in reduced form.
13. What is 5 – 1 6/7? a. 4 6/7 b. 3 6/7 c. 2 1/7 d. 3 1/7
14. What is 11 1/3 – 5 1/2? a. 6 1/5 b. 5 5/6 c. 6 5/6 d. 6 1/6
2005 SLC Business Math Page 2
15. A merchant sold 7 5/8 yards of cloth to a customer. If it a. 10 11/24 yards b. 11 1/6 yards c. 10 5/6 yards d. 11 1/24 yards
was cut from a bolt that contained 18 2/3 yards, what
length remained on the bolt?
16. Team B is 4 1/2 games behind team A in the standings. a. 2 b. 6 c. 7 1/2 d. 7
Team C is 2 1/2 games behind team B. How many games
behind team A is team C?
17. A 2 1/2 inch nail is driven through a 1 1/8 inch thick piece a. 1 3/8 inches b. 3 5/8 inches c. 1 5/8 inches d. 3 3/8 inches
of wood supporting a joist. How far into the joist did the
nail extend?
18. Find the net change in a stock if it opened at 63 7/8 and a. 2 3/8 points loss b. 1 7/8 points gain c. 1 3/8 points gain d. 1 7/8 points loss
closed at 65 1/4.
19. Find 5 5/8 of 18. a. 101 1/4 b. 90 c. 102 d. 100 5/8
20. What is 2 2/3 x 3 3/8? a. 6 ¼ b. 9 c. 2 3/8 d. 5 1/4
For problems 21-24, use the following information to help calculate the answer:
A family budgets 1/4 of its annual income of $55,800 for food, 3/10 for shelter including operating expenses and furnishings, 1/10 for transportation, 1/20 for clothing, 1/8 for
savings, and the remainder for miscellaneous.
21. How much is allowed for food? a. $12,950 b. $10,500 c. $13,950 d. $16,740
22. How much is allowed for shelter? a. $16,740 b. $12,950 c. $13,950 d. $ 5,580
23. How much is allowed for clothing? a. $ 930 b. $3,760 c. $2,790 d. $4,875
24. How much is allowed for miscellaneous? a. $6,975 b. $9,300 c. $8,765 d. $9,765
25. If 1 cubic foot of water weighs 62 1/2 pounds, find the a. 1,984 pounds b. 1,500 pounds c. 2,000 pounds d. 1,986 pounds
weight of a column of water containing 32 cubic feet of
water.
26. 24 is 66 2/3% of what number? a. 12 b. 36 c. 18 d. 48
27. What percent of 8 is 6? a. 133 1/3 b. 50 c. 75 d. 120
For problems 28-29, find the cost of one pound of the item:
28. 1/2 pound of pretzels costs $0.49. a. $1.49 b. $0.88 c. $0.96 d. $0.98
29. 15/16 pounds of green peppers costs $0.45. a. $0.50 b. $0.60 c. $0.48 d. $0.56
30. There are 18 girls and 12 boys in the fourth grade class. a. 2/3 b. 3/2 c. 4/3 d. 3/4
What is the ratio of girls to boys?
31. A bag of mixed grass seed contains 4 pounds of rye grass a. 1/5 b. 3/10 c. 3/5 d. 2/5
seed, 3 pounds of fescue seed, 1 pound of clover seed, and
2 pounds of bluegrass seed. What is the ratio of rye grass
seed to the total mixture?
32. If the scale distance of 3.5 centimeters on a map represents a. 285 km b. 185 km c. 235 km d. 275 km
an actual distance of 175 kilometers, what actual distance
does a scale distance of 5.7 centimeters represent?
33. Paneling a room required 15 sheets of paneling at $7.65 a a. $114.75 b. $ 94.67 c. $124.22 d. $121.83
sheet. Tax was 8 1/4%. What was the total cost of the
paneling rounded to the nearest cent?
2005 SLC Business Math Page 3
34. One brick plus mortar is 8 1/2 inches long. A wall will be a. 44 b. 38 c. 48 d. 52
34 feet long. How many bricks are needed for each row?
35. Express 95.1% as a decimal. a. 9.51 b. .951 c. 95.1 d. .0951
36. Express 4 1/5 as a percent. a 4.15% b. 4.20% c. 420% d. .415%
37. Salespeople receive a commission of 3/20 of the amount of a. 15% b. 30% c. 1.5% d. 3.0%
their sales. What percent commission do they receive?
38. A department store advertised a 1/4 reduction on all a. $ 4.93 b. $15.00 c. $14.79 d. $16.53
merchandise. If a backpack had an original cost of
$19.72, what is its sale price?
39. Charles answered 19 questions correctly and missed 6 a. 75% b. 66 2/3% c. 84% d. 76%
questions. What percent of the questions did he answer
correctly?
40. A certain manganese bronze contains 59% copper. How a. 59 pounds b. 177 pounds c. 163 pounds d. 590 pounds
many pounds of copper are in 300 pounds of manganese
bronze?
41. A cashier is paid 1 1/2 times the regular rate for overtime a. $12.51 b. $10.34 c. $10.43 d. $ 9.34
work. The regular rate is $8.34 per hour. What is the
overtime rate?
42. 32º F is equal to what degree Celsius (ºC)? a. 100º b. 212º c. 98.6º d. 0º
43. How much will a taxi ride cost if you travel 2 miles at the a. $4.40 b. $6.30 c. $3.50 d. $5.20
cost of $0.90 for the first 1/4 mile and $0.50 for each
additional 1/4 mile?
44. Our baseball team won 96 games. What part of the 24 a. 27.9% b. 16.7% c. 89.1% d. 20.5%
remaining games must the team win in order to wind up
with 100 games won? Express your answer as a percent to
the nearest tenth.
45. How fast must you drive to average 50 m.p.h. for 3 hours a. 45 m.p.h. b. 55 m.p.h. c. 60 m.p.h. d. 65 m.p.h.
if your speed for the first two hours averaged 45 m.p.h.?
46. The San Francisco Giants won their divisional title with an a. 38 b. .162 c. .238 d. .038
average of .621. The Los Angeles Dodgers won theirs
with an average of .583. How much greater was the
Giant’s average?
47. Joan bought a DVD-VCR on sale for $399.74. If the a. $524.29 b. $275.19 c. $550.38 d. $499.74
amount she saved was $124.55, what was the regular
price?
48. A parking lot charges $2.50 for the first hour, or fraction a. $6.25 b. $7.50 c. $8.75 d. $8.25
thereof, and $1.25 for each additional hour, or fraction
thereof. How much will it cost to park there for 5 3/4
hours?
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49. George bought a suitcase from a catalog for $235.00 and a a. $380.50 b. $410.94 c. $418.50 d. $408.94
matching garment bag for $145.50. Shipping and handling
were 8% of the total. How much did he spend?
50. Rebecca owns 150 shares of ABZ stock that pays a 37 1/2 a. $150 b. $200 c. $225 d. $175
cent per share dividend each quarter. What is the total
dividend for one year?
51. A salesperson sold 9 window fans at $77.99 and 7 window a. $113.48 b. $701.91 c. $223.95 d. $453.91
air conditioners at $223.95 each. At 5% commission, how
much did he earn?
52. Janette was paid $8.72 per hour for 40 hours of work and 1 a. $388.04 b. $415.40 c. $374.96 d. $360.68
1/2 that rate for overtime. 7.05% FICA tax is withheld
from her paycheck. Calculate her net pay for 43 hours of
work.
53. A blanket usually sells for $40. It is on sale for $30. What a. 30% b. 25% c. 20% d. 35%
is the rate of discount?
Problems 54-55 refer to a $150,000 insurance policy at a cost of $.23 per hundred.
54. Find the yearly premium. a. $150 b. $445 c. $245 d. $345
55. The insurance agent explains that the customer can pay a. $87.98 b. $86.25 c. $89.78 d. $96.25
quarterly premiums instead of one annual premium. The
quarterly premium is 25.5% of the annual premium. How
much is the quarterly premium for the policy?
56. Find the annual percentage rate if a monthly finance a. 12.5% b. 11.25% c. 15% d. 18%
charge is 1.25%.
57. Find the amount of interest to the nearest cent paid on a a. $30.37 b. $45.57 c. $40.50 d. $45.37
bank deposit of $890 for 9 months when the bank pays
4.55% interest.
58. Find the amount due on a loan of $25,000 borrowed for 5 a. $ 1,625 b. $ 8,125 c. $33,125 d. $26,625
years at 6 1/2% simple interest.
59. Find the exact interest on $4,250 for 180 days at 7%. a. $148.75 b. $147.73 c. $148.72 d. $146.71
For problems 60-63, use this invoice
Date of Invoice – Aug. 18
Invoice Amount – $525.83
Terms – 2/15, n/30
60. What is the percent of discount being offered? a. 15% b. 2% c. 30% d. 13%
61. Within how many days must the receiver of this invoice a. 15 days b. 2 days c. 30 days d. 13 days
pay if she is going to take advantage of the discount?
62. What is the due date of this invoice? a. Sept. 18 b. Sept. 17 c. Aug. 18 d. Sept. 2
63. The buyer pays the invoice on Sept. 18. What is the cost? a. $515.31 b. $536.35 c. $368.08 d. $525.83
64. A trade discount is 45%. What is the complement of this a. 45% b. 135% c. 55% d. 50%
trade discount?
2005 SLC Business Math Page 5
65. 2.5 liters equals how many milliliters? a. 250 b. 25,000 c. 2,500 d. 25
66. Angela received her checking statement for April. The a. $288.27 b. $299.27 c. $101.27 d. $378.54
bank reports an ending balance of $389.54, which includes
the bank’s monthly charge of $11. There are 3 outstanding
checks: #23-687 for $42.86; #13-2737 for $32.89; and
#23-874 for $25.52. Angela’s checkbook shows a balance
of $299.27. What is Angela’s adjusted checkbook
balance?
For problems 67-68, use the following information:
Commuter traffic on Lakeshore Drive is being monitored by the Department of Transportation. The total numbers of vehicles that crossed over the counter by day are:
Mon. = 17,988 Tues. = 23,303 Wed. = 18,009 Thurs. = 20,656 Fri. = 26,034
67. What is the average number of automobiles that travel on a. 22,456 b. 21,198 c. 20,656 d. 18,978
Lakeshore Drive for these days?
68. What is the range of these numbers? a. 7,046 b. 8,988 c. 18,009 d. 8,046
69. Judith was paid $56.43 for working 6 3/4 hours. What is a. $8.36 b. $8.68 c. $9.41 d. $8.64
her hourly rate of pay?
70. A room measures 10 feet wide by 11 feet long. The walls a. 168 sq. ft. b. 352 sq. ft. c. 336 sq. ft. d. 320 sq. ft.
are 8 feet high. Discount the doors and windows.
Calculate the total area of the walls.
71. Convert the annual interest rate of 16% to a monthly rate. a. 1.67% b. 1.1/3% c. 1.5% d. .75%
72. At the After-Winter Sale, Geoffrey Jewelers offered a 7% a. $210.00 b. $198.75 c. $205.50 d. $209.25
discount on all cash sales. If a necklace had a price tag of
$225, what is the net amount paid by a cash customer?
For problems 73-75, use this information:
At the end of the day, Susan totaled the receipts in the three registers. Register 1 held $248.93 in cash plus 1 check for $52.55. Register 2 held $396.78 in cash plus 2 checks for
$23.45 and $78.21. Register 3 held $199.03 plus 1 check for $85.12.
73. What was the total cash in the registers? a. $844.74 b. $755.74 c. $645.74 d. $744.74
74. What was the total amount in checks? a. $645.74 b. $239.33 c. $161.12 d. $539.12
75. What was Susan’s total for all receipts? a. $ 239.33 b. $ 844.74 c. $ 923.45 d. $1,084.07
76. What is 8 + -6? a. –2 b. 2 c. 14 d. -14
77. A cello pack of ping-pong balls contains 4 balls and costs a. $ 8.94 b. $16.00 c. $35.76 d. $17.88
$2.98. What do 2 dozen ping-pong balls cost?
78. Zoë purchased several gifts. They cost $13.58, $24.52, a. $72.10 b. $61.29 c. $78.23 d. $80.10
$12.75, and 21.25. She purchased them in an area where
the sales tax is 8 1/2%. Find the total amount for these
items.
For problems 79-81, use this information:
The student government class has $500 available to purchase refreshments for the dance. No tax will be charged on their purchases since schools are tax-exempt agencies. Punch
costs $4.50 per can and can be diluted to make 25 6-ounce portions.
79. To make 475 portions, how many cans of punch must be a. 25 cans b. 19 cans c. 22 cans d. 20 cans
purchased?
2005 SLC Business Math Page 6
80. If the student government purchases 25 cans, what will a. $100.50 b. $ 85.50 c. $112.50 d. $150.50
they cost?
81. How much money will remain after purchasing the 25 a. $399.50 b. $349.50 c. $287.50 d. $387.50
cans?
82. What is the single discount equal to this series of trade a. 22.5% b. 43.475% c. 56.525% d. 50.0%
discounts: 30%, 15%, 5%?
83. What is 23 2/3 – (-3 2/3)? a. 20 b. 26 2/3 c. 27 1/3 d. 19 1/3
84. Cathy and Dan owned a home with a market value of a. $345,000 b. $293,250 c. $276,000 d. $ 51,750
$345,000. The land is valued at 15% of the market value.
Tax is assessed on the value of the structure excluding the
land. What is the value upon which tax is assessed?
85. In the metric system, what is the basic unit of volume? a. kilogram b. milliliter c. gram d. liter
86. Hubbard sells peanuts in 1 and 2 pound cans. In their a. $2.76 more b. $2.76 less c. $6.00 more d. $6.00 less
catalog, cases of 12 1-pound cans are listed for $39.00
with billing at 10/10, n/30. Cases of 12 2-pound cans are
listed for $33.00 with billing at 2/10, n/30. Bill’s Party
Place is trying to decide which size of the Hubbard peanuts
to stock. Assume that Bill’s will pay the invoice the day it
is presented. By how much more or less than a case of the
2-pound peanuts will a case of the 1-pound peanuts cost
Bill’s?
87. 18 is 6% of what number? a. 30 b. 3 c. 300 d. 333
88. Find 3 5/6 of 1/2. a. 1 11/12 b. 1 ½ c. 7 2/3 d. 3 5/12
89. Find the sum of 8, -4, 13, -7, and 5. a. 15 b. 29 c. -29 d. –15
90. What is the absolute value of –11? a. -11 b. 11 c. 1.1 d. –1.1
91. Which of the following 4 numbers is the largest? -11, -9, a. –11 b. –9 c. –17 d. –2
-17, -2
92. Find 24% of $388. a. $294.88 b. $ 93.12 c. $293.12 d. $ 93.88
93. The lap pool at the recreation center is 25 yards long, 15 a. 1,500 cu. ft. b. 4,500 cu. ft. c. 13,500 cu. ft. d. 1,125 cu. ft.
yards wide, and 4 feet deep. How many cubic feet of
water does it hold?
94. How much annual interest is paid on a $7,525 at 12% a. $903.00 b. $752.50 c. $1,09.30 d. $803.00
simple interest?
95. What is the total of 3 2/3 + 5 1/6 + 2 1/6? a. 10 b. 11 c. 10 1/3 d. 10 2/3
96. Mrs. Reed can buy a vacuum for the cash price of $149.95 a. $25.95 b. $35.75 c. $16.09 d. $15.95
or pay the installment price of $15 down and $16.09 a
month for 10 months. How much can she save by paying
cash?
2005 SLC Business Math Page 7
97. At a 3-game home series, the local baseball team played a. 12,000 people b. 11,534 people c. 12,556 people d. 12,256 people
before 14,526 spectators for the first game, 9,277 for the
second game, and 12,965 for the third. What was the
average attendance?
98. Jim’s $8,950 motorcycle depreciates 14% the first year, a. $6,555.27 b. $7,697.00 c. $7,004.27 d. $6,654.06
9% the second year, and 5% the third year. What is the
book value at the end of the third year?
99. Electricity is billed at $0.045 per kilowatt for a baseline a. $14.09 b. $25.76 c. $39.85 d. $29.76
313 kilowatts and $0.112 per kilowatt for any usage above
the baseline amount. Kate used 543 kilowatts last month.
How much is she charged?
2005 SLC Business Math Page 8
2004 FBLA Answer Key
BUSINESS MATH

No. Answer No. Answer No. Answer No. Answer

1. B 26. B 51. A 76. B
2. A 27. C 52. D 77. D
3. A 28. D 53. B 78. C
4. D 29. C 54. D 79. B
5. C 30. B 55. A 80. C
6. D 31. D 56. C 81. D
7. B 32. A 57. A 82. B
8. D 33. C 58. C 83. C
9. B 34. C 59. D 84. B
10. A 35. B 60. B 85. D
11. B 36. C 61. A 86. A
12. C 37. A 62. B 87. C
13. D 38. C 63. D 88. A
14. B 39. D 64. C 89. D
15. D 40. B 65. C 90. B
16. D 41. A 66. A 91. D
17. A 42. D 67. B 92. B
18. C 43. A 68. D 93. C
19. A 44. B 69. A 94. A
20. B 45. C 70. C 95. B
21. C 46. D 71. B 96. A
22. A 47. A 72. D 97. D
23. C 48. C 73. A 98. D
24. D 49. B 74. B 99. C
25. C 50. C 75. D 100.