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Business Math Exam 2
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Business Math Exam 2
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25 Questions

1. During the first half of the World Series, Dan keeps track of game time vs. time devoted to commercials. Game time amounted to 64 minutes and commercials 24 minutes. What percent of the total time was spent in showing commercials?
2. Which is the largest? 5/6; 13/17; 9/11; 71/73
3. Estimate 157 times 483 to the nearest hundred:
4. Solve the following: 7 5/9 divided by 8 2/3
5. A realtor earns 5% commission on all sales. For monthly sales over $50,000, she gets a $400 bonus. If her monthly sales are $56,492, what is her gross pay?
6. Larry and Ann want to purchase a $65,000 house. They need a down payment of 14%. What will the down payment be?
7. A baseball player gets 3 hits out of every eight at bats. What is his batting average?
8. Christine Smith is paid an annual salary of $32,125. She is paid every week. What is her gross pay for each pay period?
9. Calculate $25,573 times 47%, then that answer times .15
10. The electric company has offered to put you on an average billing payment for the next 12 months based on an average of your last 6 months of electric bills. These are your last six bills: $27.06, $48.79, $46.52, $54.29, $63.21, and $78.92. What will your average billing payment be?
11. Spike Phillips worked 5.7 hours at time-and-a-half pay and 3.0 hours at double-time pay last week. His regular earnings for the week were $415.20 figured on a regular pay rate of $10.38 an hour. What was Spike’s total gross pay for the week?
12. An interest-bearing note at 8% has a principal amount of $15,575. The note and the interest are paid in nine months, what amount would the check amount be?
13. 6 and 3/10 percent is equal to _______.
14. You use your cell phone for 7.5% of a 24 hour day. To the nearest minute, how many minutes are you on your cell phone?
15. Find the value of N, to the nearest cent: N = $683.92 ÷ 100.
16. Manuel borrowed $18,775 for a new car. At 6.5% simple interest on the balance, calculate his first month’s interest.
17. Rewrite: 3/8 as a decimal.
18. When written as a decimal to the nearest hundredth, 14/37 should be _______.
19. Write the following number as an improper fraction: 14 3/8
20. Convert 7 5/8 to a decimal.
21. You make “widgets”. Each “widget” sells for $7.97. If you sell all that you make, how many “widgets” do you have to sell to make your total sales exceed $50,000?
22. A refrigerator sells for $1,154 on the installment plan. After making a down payment of $100, you pay $62 a month. How many months will it take to pay for the refrigerator?
23. Sally earned $330 weekly and received a 4.2% pay increase. Her new weekly salary is _______.
24. Sixty-five is what percent of $430?
25. Jacqueline earns 18% commission on sales. Her sales for three months were: $2,870, $3,150, and $3,940. What was her total commission for the three months?

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