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Business Math Exam 5
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Business Math Exam 5
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25 Questions

1. 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?
2. Solve: 150% of $96
3. The operating costs of the Human Resources Department at ABC, Inc. were $654,973. This represents 46% of the operating costs for the entire company. What are the total operating costs for ABC, Inc.?
4. Shawna Williams, a waitress, wrote $430 in breakfast checks one morning. Her tips average 11% of the total checks. What was her tip income for the morning?
5. Sally Levine made deposits of $1,500 and $236 to her account. She wrote checks for $19, $90, and $875.83. Her previous balance before these transactions was $139.74. What was the new balance of her account?
6. Reduce the following fraction to its lowest term: 192/7
7. While Judy Pulver was on a buying trip for her store, she spent the following amounts: hotel and lodging, $96.53; meals, $44.70; tips, $11.70; taxis, $7.45; and telephone calls, $8.35. If Judy started out with $200 in cash, how much will she have left after her trip?
8. The Car Shop charged a customer $487.50 for mechanical repairs to the customer’s car. At a shop rate of $39 per hour, how many hours did the shop charge for making the repairs to the car? Round to the nearest hour.
9. You begin the day with $100.00 in your cash drawer. At the end of the day, you have $285.25 in cash, $54.28 in checks, and $387.87 in credit card slips. You gave a refund of $35.00 to one customer. What were your receipts for the day?
10. Michelle purchases a dress for $58.99 and shoes for $49.99. She gets a 33% discount on the dress and a 20% discount on the shoes. The sales tax is 5.75%. If she gives the clerk a $100 bill, what would be her change?
11. Multiply 262 times 383 and round to the nearest hundred:
12. 4 1/10 percent is equal to:
13. You deposited $400 on January 1 and kept your money on deposit for one year. You made no deposits or withdrawals. If your bank pays 5% semiannual interest, what compound interest will you earn in one year?
14. What is $580 increased by 1/5 of itself?
15. Complete the equivalent fraction (Example: 1/4 = 6/24): 7/19 = _____/95
16. Sally works 56 hours in one week. She gets paid 9.75 per hour up to 40 hours and time and a half for all hours over 40. What is her gross pay for this week?
17. You live near many ski resorts and have a passion for skiing. Your dream is to give skiing lessons. You plan to charge $30 a lesson and you estimate your expenses to be $8 per lesson. Your income goal is $34,000 per year. How many lessons do you need to give to achieve this goal? Round to the nearest hour.
18. Your phone line is used for Internet access 0.75% each 24-hour day. To the nearest minute, how long are you on the Internet?
19. Steven worked on a market research project for 1 ½ hours on Monday, 3 ¾ hours on Tuesday, and 2 ¼ hours on Wednesday. How many hours did he spend on the project?
20. These banks pay annual interest on savings accounts as follows: Berkshire Bank, 4.1%; Banknorth, 3.85%. What is the difference in the interest paid by these banks if $20,000 is kept on deposit for one year?
21. Your phone line is used for Internet access 0.5% each 24-hour day. To the nearest minute, how long are you on the Internet?
22. Shoe Crew purchased shoes for its two retail locations. The mall store ordered 20 pairs at $29.90/pair and 40 pairs at $18.50/pair. The downtown store ordered 35 pairs at $29.90/pair and 24 pairs at $18.50/pair. What was the total cost of the shoes for the two stores?
23. The cost price for a pair of designer slacks is $199.50. The initial markup is $79.00. What is the initial markup percentage based on cost?
24. Solve 8 5/8 divided by 6 3/8.
25. 62,184.8761 rounded to the nearest tenth is:

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