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Business Math Exam 6
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Business Math Exam 6
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25 Questions

1. ABC Corporation uses plastic tubing in the manufacturing of one of their products. The tubing is available in 100 foot lengths. How many pieces measuring 1’ 9” can be cut from a 100 foot length?
2. The advertisement for an administrative assistant requires a typing speed of 55 wpm (words per minute).At this rate, how many words would the typist complete in seven hours?
3. Myra earns $2383.20 per month. If her monthly mortgage is approximately 2/5 of this amount, about how much does Myra pay for the mortgage per year?
4. Robert’s Café purchases breakfast rolls at $4.22 for 18. If they sell the rolls for $1.25 each, what is their approximate profit per roll?
5. For the last five days, temperatures were as follows: 78, 82, 84, 86, 85
What is the average temperature for these days?
6. A picture three feet wide is hung in the center of a wall that is 19 feet across. How many feet from each end of the wall is the edge of the picture?
7. You have a credit card balance of $1,300. Payments made to the company are applied to interest first and then to balance. The interest is calculated on the balance you owe. Your credit card carries an annual rate of 22.5%. If you make one monthly $25 payment, how much will go toward the balance owed after the interest is deducted from the payment?
8. What number belongs next in this series: 7,9,15, 17, 23, __?
9. Sandra can drive for 32 miles on two gallons of gasoline. How far can she drive with a full tank of 14 gallons?
10. Luther is paid an annual salary of $28,680. He is paid every other week. What is his gross pay for each pay period?
11. The 48 employees of XYZ Corporation were given a choice of two different retirement plans. If all employees selected one of the options and twice as many employees chose Plan A as chose Plan B, how many employees chose Plan B?
12. Mike worked on a project from 10:50am until 11:26 am. What fraction of the hour did he spend on the project?
13. Each edge of a 5” cube is increased by 20%. What is the volume of the new cube?
14. A loan is issued for $4500 at 7.5% interest for three years. What will the payments total?
15. Mary is canning raspberry jam. If she makes two gallons of jam and plans to keep six pints for herself, how many pints will she give away?
16. A wholesaler wants to sell an electric mixer to retailers for $45 and earn a markup of 20% on the selling price. What is the most the wholesaler can pay the manufacturer for each item and achieve the desired markup?
17. Eldon Plumbing Supply, Inc., had total sales of $981,000 last year and spent $73,000 on salaries and wages. What percent, to the nearest percent, of total sales was the amount they spent on salaries and wages?
18. 75% of the employees at ABC Corporation answered an internal survey. If there were 120 responses, how many total employees are there?
19. A new PC can be purchased for $800 cash or 25% down with 12 monthly payments of $55 each. How much money is saved by paying cash?
20. Your office will purchase six boxes of name badges for an upcoming conference. Each box contains one gross of the badges. From the six boxes, you expect to have 75 extra, unused badges. Approximately how many attendees are expected at the conference?
21. The local newspaper costs $.50 per day for each edition Monday-Saturday. The Sunday edition is $1.75. How much would it cost to buy the paper daily for 15 weeks?
22. Out of 250 products sampled, 2 products failed a quality control test. How many parts out of 190,000 products produced are likely to fail?
23. Angela earns $2080 per month. If her net pay is 78% of that amount, what is deducted from her paycheck?
24. Shirley paid a social security tax rate of 6.2% and a Medicare tax rate of 1.45% on her gross pay of $1,280. What total FICA tax did she pay?
25. Last year, Francine spent 15% of her annual departmental budget on refreshments. If the cost for refreshments was $3555, what was her annual budget?