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Business Math Exam 3
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Business Math Exam 3
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25 Questions

1. What is the largest number: 16/18; 86%; 9/11; or 160/190?
2. Ten billion, eighty-four million, nine hundred forty-two thousand, two hundred twenty expressed as a number is:
3. As an employee of XYZ Company, you receive an invoice with terms of 2/10, n/60 dated 1/27/02. The total amount of the invoice is $626. If you pay the invoice on February 2, 2002, how much is the bill?
4. Roger's monthly cell phone bill was $49.99. His cell phone provider raised the monthly rate by 4.25%. What would Roger's new monthly charge be?
5. You are a salesman in a hardware store. A customer comes in and wants to paint their house. You decide the order of paint needed to paint their house is 12.74 gallons. The price of one gallon of paint is $12.95. How much will it cost to paint the house?
6. An interest-bearing note at 8% has a principal amount of $15,575. The note and the interest are paid in ten months. What amount would the check be for?
7. You and a friend plan to drive straight through 1,150 miles. If you leave on Friday at 9:00 am and with breaks you average 55 mph, about what time should you reach your destination assuming no time changes?
8. Multiply: 403.641 x 7/8 = (round to nearest hundredth)
9. 6 4/5 percent is equal to:
10. Jane is a cook. Her recipe calls for 1/2 teaspoon of nutmeg and 2 1/2 teaspoons of cinnamon. She needs to quadruple the recipe. How much cinnamon will she need?
11. To produce one diskette, labor and materials costs are $.478. You sell your diskettes for $.800. How many diskettes would you have to sell to make $20,000 profit?
12. Convert 143/7 to a decimal. (Round to thousandths)
13. Calculate: $16,832 times 37%, then that answer times .65:
14. Divide 7/10 by 8/9:
15. Michelle purchases a dress for $58.99 and shoes for $49.99. She gets a 33% discount. The sales tax is 5.75%. If she gives the clerk a $100 bill, what would be her change?
16. Add the following: .327 + .74 +. 2069 + 8.4268 =
17. 18,672,430 written as words is:
18. What is twenty-one and one hundred ninety over two hundred thirty written as a fraction reduced to its lowest terms?
19. The decimal equivalent of twenty-six and three-eighths percent is:
20. Becca owns Pizza Palace. She earns 35% gross profit on all sales. If she sells each pizza at $11.75, and she sells 25 pizzas today, what is her profit?
21. Your electric bills for the last 6 months are July = $72.62, August = $56.52, September = $65.23, October = $74.72, November = $80.35, and December = $96.25. What is the average of these electric bills?
22. Crystal borrowed $21,846 for a new car. At 7.25% simple interest on the balance, calculate her first month's interest.
23. What is 33/62 written as a decimal rounded to the nearest hundredth?
24. Your computer has 31 software programs on it and Mike's has 26 on it. What percent of the total does Mike's computer have?
25. Julie is purchasing 4 new CD's at $14.99 each. Sales tax is 8.25%. How much does she owe the clerk?