Consumer Math Exam 5
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Consumer Math Exam 5
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25 Questions

1. You buy 3 pants an original cost of $24.99 and the sale is buy 1 get the 2nd pair half off. The sales tax is 6%. How much do you pay in total for the pants?

2. Negotiating in trade means you are___.

3. 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?

4. Percentages are___.

5. Currency exchange rates are based on___.

6. Nick bought a music player. The price was $172, and the sales tax rate was 7 percent. How much sales tax did Nick pay when he bought the music player?

7. Suppose that you work at the Peacock Blue store for 40 hours over five days at a rate of $8.75/hour. You then quit your job. Deductions are FICA (7.65%), federal withholding (12%), and state withholding (8%). Your expenses are transportation at $4.25/day, lunch at $3.85/day, and black slacks required for work at $29.95. How much is your discretionary income for the week?

8. If gold is currently trading at $800.00/oz. and you inherited a gold coin worth $1600.00, how much does the coin weight?

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

10. Currency is used to __.

11. If a dozen eggs (12 eggs) are worth 3 cowry shells, how much would 6 dozens eggs be worth?

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

13. You invest $4,000.00 for six months at a 4.25% APR. How much interest will you earn?

14. At the electronics store you have a coupon for 20% off of up to 2 CDs. You buy 4 CDs with an original cost of $10.99/each. The sales tax 5%. what is the total cost of your purchase?

15. using your total from #6, calculate the total purchase cost if the sales tax is 4% on foods.

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

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

18. The manufacturing cost of a cell phone was $136. Sellers first marked up the cost by 25 percent. Sales were poor, so sellers decreased the markup to 17 percent. Calculate the old and new selling prices. selling price = original cost + markup value

19. 'Stackable' coupons___.

20. You work 40 hours/week for 50 weeks and are given the option to be paid hourly or to go on salary. In which situation will you earn the most?

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

22. I have 7 cowry shells. If a dozen eggs (12 eggs) cost 3 cowry shells, how many dozens can i purchase?

23. What is the total of your fixed expenses? Mortgage: $1,034.78 Utility bill: $168.34 Credit card: $54.21 Groceries: $98.75 Khakis(required for work): $45.88

24. You buy 2 gallons of milk at $2.48/gallons of ice cream at $1.49/gallon, and 5 lbs of strawberries at $0.58/lb. What is your total cost?

25. Sam received a 15 percent tip for delivering pizzas. If the cost of the pizzas was $247.62, what was the total amount he collected from the customer?

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