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Business Math Exam 11
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Business Math Exam 11
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25 Questions

1. A two year old car is worth $7,431; a five year old car is worth $4,219. How much more is the two year old car worth than the five year old car?
2. The total restaurant bill for 6 people was $76.86, including tax and tip. If each person is going to pay the same amount, how much should each person pay?
3. Johnson Construction Supply Company allows trade discounts of 20% to customers from the North Division of the state. Calculate the net selling price on building supplies of $850.00.
4. Maria Gonzales deposits the following in her checking account: 3 ten-dollar bills, 6 five-dollar bills, 9 one-dollar bills, 9 quarters, 11 dimes, 2 nickels, 47 pennies, and a check for $19.76. What is her total deposit?
5. The best way to depict a future prediction is by using a:
6. You check the Wall Street Journal online for stock prices and find your favorite stock sells for $58 a share and its net income per share last year was $6.16. Find the P/E ratio, rounding it to a whole number.
7. Using the portion of the Estimated Premium Rates below, estimate the quarterly premium for your aunt who is 30 and purchases a straight-life policy with a value of $600,000.
Straight Life Period Percent of Annual Premium
Age Male Female
20 2.72 2.63 Semiannual 51.00
30 3.49 3.38 Quarterly 26.00
40 4.02 3.88 Monthly 8.75
8. A truck's fuel tank can hold 44 gallons of gasoline. If 6.78 gallons of gasoline are in the tank, how many more gallons are needed to fill the tank?
9. Jim bought a new refrigerator for $1,050.00 on February 12. He purchased it from Siemer's Appliances, which gives customers a cash discount of 3/10, n/30. What is the amount due if Jim pays on February 20?
10. What is 21 percent of $732?
11. A cake recipe requires 4 eggs, ½ lb. flour, ¼ lb. sugar, and two readymade edible flowers. How much will it cost to make two cakes? Use the following data: eggs = $1.00/dz; flour = $2.50/lb; sugar = $4.50/lb; and flowers = 5 cents each.
12. Last week, cost of goods sold for Ellen's Bakery was $7,486. This week, cost of goods sold is $6,042. What is the percent change?
13. In May, Bill received notice that beginning in June he would receive a 3 percent pay raise. If his monthly gross salary in May was $2,000, how much will his gross salary be in June?
14. If 35% of the cost of a $70 repair bill was for parts and the rest was labour, how much did the labour cost?
15. The area of a circle with a diameter of 6 inches is approximately:
16. If 80% > 0.75, then:
17. On August 1st, a plant was 79 centimeters tall. In June of that year it grew 12 centimeters, then 9 more centimeters in July. How many centimeters tall was it on June 1st?
18. Beth paid for her vacation in 25 installments. The first installment was $325, and the next 24 installments were $8.50 each. How much did her vacation cost?
19. There was a total of 15 cars in a parking lot when 9 more cars entered. How many cars were in the parking lot then?
20. One-third of a store's inventory is children's clothing. Two-fifths of its inventory is women's clothing. What fraction of the total inventory is children's or women's clothing?
21. Jane negotiates the bank loan for $5,000 at 8 percent for 92 days using the bank's exact bank discount rate on her promissory note. What are her proceeds on the loan?
22. Rachel bought a flute for $265. Sales tax was 5.8%. What is the total cost of the flute with tax?
23. Determine the average of 90, 66, 84, 72, 98.
24. Lucas Brothers Hardware sells faucet sets for $74.99, including installation. They hire subcontractors to install the faucets. The subcontractors receive $22 per faucet installed. Other overhead costs total $7.56 per faucet. If Lucas Brothers pays $32.55 per faucet, what is the company's net profit?
25. Kim biked 43.6 kilometers on Monday, 37.5 kilometers on Tuesday and 46.2 kilometers on Wednesday. How many kilometers did she bike in the three days?

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