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Consumer Math Exam 5
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Consumer Math Exam 5
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25 Questions

1. If you calculating a 15% off discount, you need to ___to know the sale price.

2. Nancy wants to buy some granola, which she eats for breakfast almost every day. Which is likely the most cost-effective option?

3. You buy a serving spoon for $4.05 and a bread knife for $3.99. What is the total cost of your purchase?

4. You have returned from a trip to Europe and still have $100 euro. How much in U.S. dollars should you receive if the exchange rate is USD/EUR 0.6991?

5. The original cost of a lamp is $18.95. The lamp is on sale for 75% off. How much will you pay?

6. Which activity at the grocery store would not involve mathematics?

7. You invest $1,000.00 in one account and $4,000.00 in another account. Both accounts have the same interest rate over the same amount of time. How will the interest earned compare?

8. When exchanging from your currency to another country's currency using a foreign rate exchange table, you should___.

9. 'Stackable' coupons___.

10. Bart bought a digital camera with a list price of $219 from an online store offering a 6 percent discount. He needs to pay $7.50 for shipping. What was Bart's total cost?

11. How much will you save if you buy an item listed at $575.50 at a 30 percent discount?

12. when using a calculator, be sure you press____first.

13. You go to the grocery store and find that bread is $4.99 for one loaf or two loaves for $6.50. how much would you save by buying two loaves at the discounted price, compared to the cost of buying two loaves at full price?

14. If you buy 3 pairs of socks with an original cost of $9.99/pair at a discount of 15% with a sales tax of 5%, how much do the socks cost in total?

15. Reducing the original price of an item is often called____.

16. You buy some living room furniture: couch = $499.99, loveseat = $239.49 and rocker = $139.73. How much is your total purchase?

17. When calculating your total purchase on sale items, you must____.

18. Suppose that your net income for the month is $1,500 and that your total expenses are $2,500. Which statement is accurate?

19. You purchase 3 packs of batteries at $11.99/ pack. You have a coupon for 10%off and the sales tax is 7%. how much is the total cost of your purchase?

20. Sarah wants to give the pizza delivery boy a 20 percent tip. If the pizza bill is $48.25, how much should she tip?

21. Your gross pay is $1,878.96, net income is $1,196.34, and fixed expenses are $1,338.54. What is your discretionary income?

22. When calculating total savings, you must___.

23. A cab ride from the airport to your home costs $19.50. If you want to tip the cab driver close to 10 percent of the fare, how much should you tip?

24. What are you required to do when you want to use a discount membership to save money?

25. Using the table from question #10, What is the total of your discretionary expenses?

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