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Business Math Test
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Business Math Test
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25 Questions

1. Evaluate 7% of 34,551 rounded to the nearest tenth.

2. The list price of kitchen cabinet knobs is $3.00. The net price to the retailer is $2.40. What is the trade-discount rate?

3. Valeria Barnes earns an annual gross pay of $42,000. She gets $14,000 in total benefits. What is the rate of her benefits?

4. The list price of paint is $24 and the trade-discount rate is 30%. What is the correct setup to find the net price using the complement method?

5. Karl Schwartz has total travel expenses of $643. His transportation cost is $290, the lodging cost is $198, and additional costs are $80. If dinner costs twice as much as lunch, how much is his lunch?

6. How much does it cost to drive 30 miles at $0.55 per mile?

7. Orlo Jackman heard an ad on the radio for a weekend cruise to the Bahamas, available for $150 off the regular price this week only. This discount reflected a 25% markdown. What is the regular price of the cruise?

8. Georgia Fineman is traveling to a show on green building for two days. Her lodging is $380 per night for two nights, with breakfast and lunch included. Her airfare was $320 and taxi costs to and from the airport totaled $55. She had a budget of $1,250. What is the maximum she can spend on dinner each night?

9. Refer to page 19 of the FTC Bureau of Competition pamphlet Bureau of Competition. What did the Anticompetitive Practices Division order Intel to stop doing?

10. Tall Tex Electronics produced new game software. Sales of this software amounted to approximately $813,000 last year. Total market sales for electronic games of this type amounted to about $17,400,000 last year. What share of the market did Tall Tex Electronics get for this software?

11. Anita Alvarez sells clothing for Toddler's Shop. Baby blankets sell for $29.99 after a markup rate based on cost of 109%. Find the cost to the nearest cent.

12. Thors Retail purchases the items shown from Thors Wholesalers. Find the trade-discount rate of the charcoal.

13. Thors Retail purchases the items shown from Thors Wholesalers. Find the trade-discount rate of lighter fluid.

14. The list price of a Finch Electric iron is $62. The company is offering a chain discount of 30% less 10%. What is the final net price of the iron?

15. Three nurses attended a seminar for two days. The travel expenses for each nurse were $982. Additional expenses per nurse per day are listed. Find the total training costs. - Release time: $320 - Instruction: $85 - Meal Expense: $100 - Supplies: $425

16. Evaluate 5% of 12,322 rounded to the nearest tenth.

17. Whitewater Supply Company has this inventory record for its inflatable vests. What was the number on hand on June 26th?

18. Which value of x makes the proportion true? x : 7 = 46 : 161

19. Divide $69,758 by 76, and round to the nearest cent.

20. Fiona's Outlet buys carpenter jeans for $15.20 per pair. The outlet marks up each pair of jeans $10.00. What is the markup rate based on cost, rounded to the nearest tenth of a percent?

21. Johnson Canniver has a repair shop. He bought a used lawn mower for $35.00 from a customer. He spent $39.17 on parts to repair the mower. He also painted and polished the mower at a cost of $36.43. He was able to sell the refurbished lawn mower for $155.00. If it took 4.5 hours to do all the work, how much did he earn per hour to the nearest cent?

22. On average, Justin's Junkyard receives a car twice a day. Each car yields about 30 usable parts. The junkyard is open Monday through Saturday 9 am to 5 pm. Which equation represents the number of usable parts, U, Justin's Junkyard can gather in W weeks?

23. A screwdriver set has a selling price per unit of $27.95. It also has fixed costs of $837,500, variable costs per unit of $3.25 and estimated sales of 55,000. What is the possible net profit?

24. Mova Industries pays a finder's fee of 20% of the new employee's annual salary. What is the correct setup to find the finder's fee, when the new employee's salary is $150,000?

25. Find the sum of $27.28 + $342. 73 + (80% of $275.00) to the nearest cent.

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