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Consumer Math Exam 1
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Consumer Math Exam 1
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25 Questions

1. fraction with a numerator greater than its denominator, giving it a value greater than 1

2. One of the objectives of this lesson is to calculate slope.

3. A certain car costs $6,595 before taxes are added. Taxes are $460 and license tags cost $55. What is the overall tax rate (to the nearest tenth)?

4. Name: Joseph Sandoval, single, 1 exemption. Pay Rate: 5¢ per unit. Unit produced: M-900, T-840, W-825, T-905, F-910. Payment?

5. number with a value less than 1, written in place value notation, using a decimal point

6. A circle has a radius of 8 cm. What is its area?

7. The equivalent value of 44.4

8. Solve the mathematical puzzle. Determine the digits of R from these clues. The first digit is the answer when the third digit is divided by 2. The second and third digits add to 7. The second digit minus the first digit is 1. R is a three-digit number: ____

9. 40 in.2 to cm2

10. Wellesville must meet a budget of $27,000. All of the city's income is derived from property tax. What rate of tax must they use if the assessed value of the taxable property is $1,173,913? (Answer to tenths)

11. An alloy of tin is 14% tin and weighs 22 pounds. A second alloy is 9% tin. How much of the second alloy must be added to the first alloy to get a 12% mixture.

12. Compute the markup for the following problem. Cost of article = $195 Retail price = $225 Percentage of markup (to the nearest tenth)= _____.

13. What was the percentage decrease in the Number of Accidents between 1950 and 1976?

14. Use the formula to solve the problems. P(1+r)t. The amount that results when $6,000 is compounded at 7% annually over eight years. The interest earned in this case.

15. An item costs $42.28. All you have in cash are three $20 bills. How much change should you receive in the transaction?

16. Work the following problem. List price = $720 Discount rate = 13% Amount of discount =

17. The school's total attendance is 449, there are 81 present in math class, what percent of the total attendance is the attendance in the math class (to the nearest tenth)?

18. Your service contract for washer repair maintenance is offered at $48 per year. If a customer wants to pay it off in equal monthly installments for one year and if the true annual interest charge is 18%, what should his monthly payment be?

19. Jim Tree borrowed $1,000 at 10 percent for one year. He paid a $45 processing fee and $100 in interest. He calculated the APR to the nearest tenth. What was the APR?

20. 2/10, net 30

21. How many liters will a quart (dry measure) hold?

22. 1,500 cm3 to quarts (liquid).

23. Write the equivalent value of 0.45

24. Tim Walker went to his bank. He deposited $47.75 and the teller credited $2.79 to his account for interest. If Tim's initial balance was $226.85, what will his new balance be?

25. Calculate the profit or loss of a dentist who collected $53,000 in fees and had the following expenses: Salaries (2 nurses and a secretary)$32,000. Rent$7,500. Supplies$3,500. Miscellaneous$2,750. Profit (or loss)

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