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Essay by   •  February 20, 2011  •  Study Guide  •  735 Words (3 Pages)  •  987 Views

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1. A 1998 Nissan Altima GXE is advertised for $17,990 with a down payment of $1,500. How much must be financed?

Ans:

Total Car Cost : $17990.00 ÐŽKÐŽKÐŽKÐŽKÐŽK.. (1)

Down Payment : $1500.00 ÐŽKÐŽKÐŽKÐŽKÐŽKÐŽK (2)

Amount to Finance : $16490.00 ÐŽKÐŽKÐŽKÐŽKÐŽKÐŽK (1) ÐŽV (2)

2. Auto Zone has a special on fuel filters. Normally, the price of one filter is $15, but with this sale, you can purchase two filters for only $27. How much can you save by purchasing two filters at the sale price?

Ans:

Price of one filter : $15.00ÐŽKÐŽKÐŽKÐŽKÐŽK.. (1)

Price of 2 filters (regular) [ 2 x $15.00] : $30.00 ÐŽKÐŽKÐŽKÐŽKÐŽK.. (2)

Price of 2 filters (sale) : $27.00ÐŽKÐŽKÐŽKÐŽKÐŽK.. (3)

Savings : $3.00ÐŽKÐŽKÐŽKÐŽKÐŽK.. (2) ÐŽV (3)

3. If sugar costs $2.87 for 80 ounces, what is the cost per ounce, rounded to the nearest cent?

Ans:

Sugar Cost (for 80 ounces) : $2.87 ÐŽKÐŽKÐŽKÐŽKÐŽK.. (1)

Sugar Cost (for 80 ounces): 287 cents...ÐŽKÐŽKÐŽK.. (2)

Cost per ounce : 4 cents ÐŽKÐŽKÐŽKÐŽKÐŽK (3) [ (2) / 80 = 3.5875 ~ 4 ]

4. If a picture frame costs $30 and the tax on the frame is 6% of the cost, how much is the tax on the picture frame?

Ans:

Cost of the Frame : $30.00 ÐŽKÐŽKÐŽKÐŽKÐŽK.. (1)

Tax percentage : 6.0% ÐŽKÐŽKÐŽKÐŽKÐŽK... (2) [6.0 / 100]

Tax on Frame : $1.8 ÐŽKÐŽKÐŽKÐŽKÐŽKÐŽK (1) x (2)

5. A personal computer costs $4000 and a postscript printer costs $1500. What is the total cost of the equipment?

Ans:

Cost of PC : $4000.00 ÐŽKÐŽKÐŽKÐŽKÐŽK.. (1)

Cost of printer : $1500.00 ÐŽKÐŽKÐŽKÐŽKÐŽK.. (2)

Total cost : $5500.00 ÐŽKÐŽKÐŽKÐŽKÐŽKÐŽK (1) + (2)

6. A purse that sells for $68.99 is reduced by $25.50. What is the price of the purse after the reduction?

Ans:

Original cost of Purchase : $68.99 ÐŽKÐŽKÐŽKÐŽKÐŽK (1)

Price Reduction : $25.50 ÐŽKÐŽKÐŽKÐŽKÐŽK (2)

Price after Reduction : $43.49 ÐŽKÐŽKÐŽKÐŽKÐŽKÐŽK (1) - (2)

7. Mack Construction Co. was billed for plasterboard installation. If the job required 3,852 square feet of plasterboard and cost $2,435.76, what was the cost per square foot?

Ans:

Total Cost for the Job : $2435.76 ÐŽKÐŽK.. (1)

Total Square foot : 3852 sq.ft. ÐŽK.. (2)

Cost per square foot : $0.63 ÐŽKÐŽKÐŽKÐŽK (1) / (2) [rounded off to the nearest cent]

8.Brian Gripka decides to establish a budget. He will spend $450 for rent, $325 for food, $320 for child care, $182 for transportation, $150 for other expenses, and he will put the remainder in savings. If his take-home pay is $1620, find his savings.

Ans:

Rent : $450.00 ÐŽKÐŽK.. (1)

Food : $325.00 ÐŽKÐŽK.. (2)

Child care : $320.00 ÐŽKÐŽK.. (3)

Transportation : $182.00 ÐŽKÐŽK.. (4)

Others : $150.00 ÐŽKÐŽK.. (5)

Total Expenses : $1427.00 ÐŽKÐŽK.. (6) [ (1) + (2) + (3) + (4) + (5) ]

Take Home Pay : $1620.00 ÐŽKÐŽK.. (7)

Savings : $193.00 ...ÐŽKÐŽK.. (7) ÐŽV (6)

9. Play-It-Now Sports Center has decided to divide 2/3 of the company's profit sharing funds evenly among the eight store managers. What fraction of the total amount will each receive?

Ans:

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