Business Math

Jocelyn held her daughter's birthday party at a trampoline gym. It cost $250.00, not including refreshments. Refreshments cost $3.95 for each person who attended. Jocelyn paid a total of $368.50 for the party. How many people attended?

30

LC Motor Sales conducted a survey to find out why people who bought cars at the dealership did not use it for ongoing service. The following responses were collected. What is the percent of respondents who felt LC Motors charged too much? moved away = 42 responses dislike the quality of service at LC Motors = 23 responses service charges are too high at LC Motors = 102 responses the service department is too crowded = 124 responses the location is not convenient = 17 responses other reasons = 26 responses

31%

Last year's sales of a waterproof duct tape were 215,420 units to hardware stores and 78,353 to grocery stores. Sales to both markets are expected to increase by an average of 8% this year. What is the predicted combined total of unit sales of the duct tape to hardware and grocery stores this year?

317,275

Evaluate to the nearest cent $1,093 - (5% of 75)

$1,089.25

You have a $45,500 annual gross income. If the state income tax is 1.5% on the first $2,500 and 3% on amounts over $2,500, what is your annual income tax obligation?

$1,327.50

Find the percentage. $23,010 x 6.0%

$1,380.60

Jay's Nursery sells border plants for home gardeners at a discounted price of $12.99. Jay's has 335 plants it must sell. Fixed costs for all these plants were $1,675 and variable costs per plant are $3.65. What is the maximum profit to the nearest cent that Jay's will make if it sells all the plants at the discounted price?

$1,453.90

The Daily News offers a 25% discount on a Monday ad that has already run on Sunday. Green's Grocery contracts for a full page ad to run on a Sunday and a Monday. What is the total cost of the ads?

$1,455

The Country Times offers a 50% discount on a Thursday ad that has already run on Sunday. Robert's Jewelers contracts for a full page ad on Sunday and the following Thursday. What is the cost of the ads?

$1,492.50

Use mental math to find, $946.17 + $568.43

$1,514.60

Find and round to the nearest cent. 46% of $3,452.12

$1,587.98

Divide $54,860 by 34, and round to the nearest cent.

$1,613.53

Ferguson Financial Advisers Inc. (FFAI) allocates 76% of its annual budget to employee compensation. FFAI spends $1,345,000 annually on employee compensation. What is the annual budget of FFAI?

$1,769,736.84

At the outdoor market, Craig Wang sells string beans for $1.99 a pound. The beans cost $0.89 a pound to grow. What is the markup to the nearest cent?

$1.10

Snappy Gifts wants a net profit of $32,400 on its new glitter gift bag. The fixed costs for producing the bag are $184,000 while the variable cost per unit is $1.20. If the estimated unit sales are 395,000 units, what selling price per unit should Snappy try?

$1.75

A can of tennis balls has a 75% markup rate based on cost. Mel's Sporting Goods sells a can of tennis balls for $3.49. What is the cost to the nearest cent?

$1.99

A pizza store decided to place fliers advertising its new delivery service on people's doors. The pizza store spent $450 to print and distribute the fliers. Within the next month, 45 customers called the store as a result of receiving the flier. What was the cost of the advertising campaign for each customer who called as a result of the ad?

$10.00

Green Mountain fitness center plans to offer its clients the services of a private trainer. The trainer works as a subcontractor and charges Green Mountain $65 for each one-hour session. Green Mountain has a policy of charging a markup rate of 55% of the cost of services. What is the minimum amount Green Mountain will charge its clients for each session with the private trainer?

$100.75

A store owner wants a markup of 34% on the selling price of goods. If the selling price is $1.50 for each cookie, what is the most the store owner should pay per dozen cookies?

$11.88

Find the possible net profit for the estimated unit sales.

$120,000

Find the sum of $54.44 + (22% of $12.12) + $66.00 to the nearest cent.

$123.11

Runner's Warehouse purchased digital watches for $92.99. Its markup rate is 25% based on the selling price. What is the selling price?

$123.99

Paperback Paupers marks up paperback books 35% of the selling price. A Paperback book costs Paupers $8.52. What is the selling price?

$13.11

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.

$14.35

Trainer's Pet Store offers a wide variety of leashes for dogs. The store purchases a popular leash from its manufacturer for $4.38 each. Trainer's Pets marks up the leashes at a rate of 238% of cost. What is the retail price of the popular leash?

$14.80

Yolanda's Mini-Market sells decorated cupcakes for $29.99 a dozen. It costs Yolanda $1.25 to produce each cupcake. What is the markup on a dozen cupcakes?

$14.99

Samantha's Green Clothing has hired Margie Taylor, a manager from out of state. The clothing chain has agreed to pay a real estate broker 4% of the sale price of Margie's home. The home sold for $375,000. How much will Samantha's Green Clothing pay the real estate broker?

$15,000

Jananda Roti owns a flower shop and marks items up at least 35% on the selling price. What is the most Jananda can pay for a dozen roses, if she sells each rose for $2.00?

$15.60

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 markup.

$15.64

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

$16.50

Winter coats are on sale starting April 1st. A leather coat is on sale for 40% off the regular selling price of $425.99. What is the markdown to the nearest cent?

$170.40

Total sales of the Desert Markets were $10,150,000 two years ago and $14,250,000 last year. If the same trend continues, what are sales likely to be this year to the nearest thousand dollars?

$18,350,000

After Frances George's semi-annual performance review, she received a merit increase of 4.75% and a COLA of 3.25%. She now earns $20.01 an hour. What was her hourly wage, to the nearest cent, before the merit and COLA increases?

$18.53

The regular selling price of a computer desk is $329.99. The markdown rate is 40%. What is the sale price?

$197.99

The Finest Hour department store wants to run a special ad this week in The Country Times. It wants to run a half-page ad on Friday, and a full-page ad on Saturday and Sunday. How much will it cost the Finest Hour for the ads?

$2,540

A network charges $855,000 for a 30-second ad during a major televised sports event. The advertisers must purchase a minimum of three ads during the broadcast. If an advertiser buys the smallest number of ads possible, what is the advertiser's total cost?

$2,565,000

Wong's Garage buys quarts of motor oil by the gross (144 units) for $0.75 per quart. When Wong's changes the oil in customers' cars, it marks up the oil 175% of the cost. What is the selling price of a quart of oil used in a standard oil change?

$2.06

The Country Times offers a 20% discount on a Saturday ad that also runs on Sunday. The local department store contracts for a ¼ page ad to run every Saturday and Sunday for the remainder of the year (16 weeks). How much will the department store pay for the ads?

$20,640

ATCE Learning Center wants to make a net profit of $650,000 on the manual it sells to schools. The fixed costs for producing the manual are $780,000 and the variable cost per package is $19.85. If the estimated unit sales are 1,250,000 units, what selling price per unit should ATCE try?

$20.99

Dorie Sparrow works at The Clothes Horse, Inc. The sidewalk sale is over. She takes in the clothes and must mark the dresses back to their original selling price. She had marked them down 70% for the sidewalk sale. What price should Dorie put on a dress that had been marked down $140?

$200

The Kitchen Kompany operates on a 145% markup rate based on the cost. The markup on the store's new line of cabinets is $300 per cabinet. Find the cost of one cabinet.

$206.90

Lansing Bookery regularly marks up books 40% of the selling price. The bookstore's cost on a new best-selling book is $12.95 per book. What is the selling price of this book?

$21.58

A new cereal will be advertised in 30-second spots during a morning TV show for children. The ad will run over the next 60 days. One ad will appear on each of 3 shows each day. Daytime advertising rates are $1,200 per 30-second spot. How much will the campaign cost?

$216,000

Summer clothes are on sale starting September 1st. A swimsuit is on sale for 40% off the regular selling price of $55.00. What is the markdown to the nearest cent?

$22.00

A gift-boxed silver pen set can be purchased at Ramirez Jewelers for $59.99. It costs Ramirez Jewelers $27.56 to create each set. Additionally, the overhead rate is 17% of the selling price. What is Ramirez's net profit on a pen set?

$22.23

LTS Company estimates it has a 17% share of the market for office desk lamps in the metropolitan area. Estimated sales for desk lamps for the market for the coming year are $1,320,000. What is LTS Company's projected sales?

$224,400

Find and round to the nearest cent $101.88 ÷ 44%

$231.55

Find the possible net profit for the estimated unit sales.

$232,000

Veronica Foaley sells evening jackets sewn with metallic threads and beads. She wants to set a price of $600 for a jacket. The markup she wants is 60% of the selling price. What is the most she can pay for the jacket?

$240.00

Round to the nearest cent: (26% of $928.45) + $15.00

$256.40

Find the total net profit for the estimated sales (value c in the table). Hint: Find the values for a or b first. Depending on how you calculate the profit, you will need one or the other.

$258,000

The regular selling price of a 22" tube television is $389. The markdown rate is 33%. How much is the sale price?

$260.63

Find the possible total net profit for sales (value c). Hint: Find the values for a or b first. Depending on how you calculate the profit, you will need one or the other.

$264,000

Angel Carlos is a hair stylist at Expressions Styling Center. Determine his net pay for the week when his gross pay was $336. Medicare is 1.45% of gross, Social Security is 6.2% of gross, city tax is 1.5% of gross, and federal income tax is $36.

$269.26

A bicycle store imports merchandise from Europe. The store owner knows she can sell a certain multigear mountain bicycle for $600. The markup she wants is 55% of the selling price. How much can she pay for the bicycle?

$270.00

Gold Co. sells gold bracelets at a markup of 325% based on cost. The markup on one bracelet is $213.00. Find the selling price.

$278.54

A weekly newspaper charges $72 for each inch in length and one column width. What is the cost of an ad that runs 2 column inches long and 2 columns wide?

$288

Household Goods Company buys hand-held mixers from the manufacturer for $17.98. The company marks up all items in the store by 40% of the selling price. What is the selling price for the mixers?

$29.97

For its back to school sale, Fra Diavolo's Books marked down its entire stock of novels 60% for the weekend. Each book costs $11.99 during this time. What will the price return to on Monday morning?

$29.98

Akil Baker manages operations for three divisions within his company, requiring that he travel to three different cities every month. This month his expenses include $2,309.75 for transportation, $239.65 for meals, and $650.00 for lodging. What are his total travel expenses for the month?

$3,199.40

An ad during a radio program is $125 per day. What would it cost an advertiser for one ad daily during the month of December?

$3,875

An electric razor costs Del Pharmacy $54.39. Its selling price is $108.98. The overhead included in the price totals $22.85. What is Del Pharmacy's net profit on the razor?

$31.74

The regular selling price of a pair of jeans is $39.99. The markdown rate is 20%. What is the sale price of the jeans to the nearest cent?

$31.99

According to the line of best fit, what is the best estimate of projected sales in thousands of dollars for 2014?

$32 thousand

Joe's Junkyard sold 122 pieces of desk art from recycled materials at $7.50 each in its test market last year. It has 35 additional markets of similar size. Forecast its dollar sales for the first year.

$32,940

The high school chess club sold tee-shirts for fund raising at $10 per shirt. They owed 20% of their proceeds to the referee. On Monday they sold 17 shirts, on Tuesday they sold 13 shirts, and on Wednesday they sold 10 shirts. How much money did the club keep?

$320

Jerome Jones delivers pizza for Papa's Pizza. He earns $7.80 an hour plus time-and-a-half for every hour over 40. Last week he worked 45 hours. Deductions included Social Security at 6.2% of gross, Medicare at 1.45% of gross, and federal income tax of $14. What was Jones' net pay, rounded to the nearest cent?

$328.16

A wholesaler wants to sell a toaster-oven to retailers for $44 and earn a markup of 25% on the selling price. What is the most the wholesaler can pay a manufacturer and get the desired markup?

$33.00

The Gourmet Wholesale Company purchases 3.5 pound-ducks directly from the farmer for $10.80 each. The ducks are marked up 210% of cost and sold to grocers. What is the selling price?

$33.48

Narwhal Glass repairs and replaces automotive windshields. The company buys windshields for some models of passenger cars from the manufacturer for $143.17. Narwhal Glass then marks up the windshields 135% of cost. What is selling price of the windshields?

$336.45

A 30-second TV ad costs $12,300 to run during a popular sports show on Sundays. Sandcastle Sports plans to purchase one 30-second ad on this show for the next three weeks. What is Sandcastle's total cost for these ads?

$36,900

A wholesaler buys jewelry directly from jewelers. He wants to sell a charm bracelet to retailers for $45 and earn a markup of 18%. What is the most the wholesaler can pay the jeweler for the bracelet and still get his desired markup?

$36.90

Round to the nearest cent: (54% of $681.43) + $29.03

$397.00

Use mental math to find, $1,345.67 + $2,768.35

$4,114.02

If markup is $8.95 and the overhead is $4.31, find the net profit.

$4.64

A local sporting goods store will advertise baseball equipment during evening news broadcasts. Advertising rates during news broadcasts run $3,400 per 30-second spot on weekdays. The store is planning 12 weekday spots of 30 seconds each. What is the total campaign cost?

$40,800

Traditional Hats sold 322 decorated caps at $25 each in its test market last year. It has 52 additional markets of similar size. Forecast its dollar sales for the first year.

$426,650

According to the line of best fit, what is the best estimate of projected sales in thousands of dollars for 2018?

$43 thousand

Find and round to the nearest cent $32.50 ÷ 75%

$43.33

Sunglass World marks up its designer sunglasses 220%. The manufacturer charged Sunglass World $14.33 for a specific brand and model. What is the selling price of that pair of sunglasses at Sunglass World?

$45.86

Round to the nearest tenth of a percent $128.34 ÷ $367.21

35.0%

Peyton Taylor drew a map with scale 1 cm to 10 miles. On his map, the distance between Silver City and Golden Canyon is 3.75 cm. What is the actual distance between Silver City and Golden Canyon?

37.5 miles

Evaluate: (6,153 - 273) ÷ 15

392

All American Music has a market share of 8.5%. Next year's estimated sales for the entire market are $5,800,000. What is All American Music's sales projection for next year?

$493,000

According to the line of best fit, what are the projected sales for 2013?

$5.8 million

Farci Jones purchased 148 donuts at $.10 per donut for an office party. The office manager was able to reimburse Farci 60% of what he spent. How much was Farci's out-of-pocket expense?

$5.92

Mercy Hospital surveyed 2,700 patients who were admitted to the hospital last year and stayed at least two nights. They were asked the following question: How would you rate the hospital food you were served during your recent hospital visit? The results are below. Mercy had predicted that 650 people would respond that the food was outstanding. Find the relative error. (Hint: Find the absolute error first.) Outstanding = 625 Good = 734 Fair = 822 Poor = 437 Don't know or no response = 82

4%

George Ficus is a retailer who has a line of men's dress shirts that sell for $89.50 each. What is the highest price George can pay for the shirts and make a markup of 44% of the selling price?

$50.12

The Kitchen Kompany operates on a 145% markup rate based on the cost. The markup on the store's new line of cabinets is $300 per cabinet. Find the selling price of one cabinet.

$506.90

Fortuna Bella is a wholesaler who buys small wool rugs from weavers with a selling price of $80. What is the most she can pay a weaver for a rug if the markup must be at least 35% of the selling price?

$52

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?

$521,000

Hubert Crumny is interested in a color television marked down 40%. Its sale price is $329.00. What was the television's regular selling price?

$548.33

Cassie Marino is interested in purchasing a new laptop computer for school. It is marked down 20% from its original price. She can save $112.00 by buying the marked down computer. How much was its original price?fortuna

$560

Tad's Bakery has 13% of the market for Summers County. The total estimated sales in the county for next year are $4,520,000. What sales volume should Tad's Bakery plan for next year to the nearest hundred dollars?

$587,600

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

$590.01

The cost of a 20-second afternoon ad on a local radio station is $320 per ad, per day. What will be the ad's total cost if it runs twice a day for 10 weekdays?

$6,400

The Daily News offers a 15% discount on a Saturday ad that also runs on Tuesday. Skyler Sporting Company contracts for half-page ads to run every Saturday and Tuesday for 10 weeks of the football season. What is the cost of the ads for the season?

$6,530

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?

$600.00

Gold Co. sells gold bracelets at a markup of 325% based on cost. The markup on one bracelet is $213.00. Find the cost to Gold Co.

$65.54

A periodical has 234,600 subscribers. For an ad that costs $5,800, what is the cost per subscriber to the nearest cent?

$.02

A magazine has 657,000 subscribers. What is the cost per subscriber of an ad that costs a total of $3,300? Round your answer to the nearest cent.

$0.01

Grape jam costs $7.20 for a case of 12 and sells for $0.89 per jar. What is the markup per jar to the nearest cent?

$0.29

Austin Family Furniture purchases recliners directly from the manufacturer for $235.00 each. The recliners are marked up 185% of cost and sold to customers. What is the selling price in dollars and cents?

$669.75

Veronica's Dress Shop marks down a pair of shoes 15% when the customer purchases the shoes with a dress or pantsuit. The sale price of the shoes was $59.00. How much would the shoes cost if purchased alone?

$69.41

Evaluate (1 - 0.40) * $12.00

$7.20

Top Kitchens handles 17% of all the kitchen production in the area for new construction. It is estimated that the cost of kitchens is 14% of the total cost of constructing a new house. New home construction in the area for the next year is estimated to total $32 million. What sales volume can Top Kitchens expect next year?

$761,600

According to the line of best fit, what are the projected sales in millions of dollars for 2018?

$8,000,000

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

$8,526

Find the total recruiting cost, given the following expenses. Express your answer in whole dollars. Advertising expenses: $1,456 Interviewing expenses: $1,290 for the first candidate and $1,390 for the second candidate Moving expenses: $4,500 for the person hired

$8,636

Cook-n-Serve carries oven mitts that have a selling price of $13.80 per pair. Cook-n-Serve buys the mitts from a wholesaler and receives a 40% trade discount. What is the cost?

$8.28

Divide $16,835 by 210, and round to the nearest cent.

$80.17

The Door Company produces door seals. Its 9' by 10' seal costs $480 to produce. The markup rate is 75% of cost. What is the price tag the company will put on this seal?

$840

Pricey Ice Cream has 4 stores that do 8% of the business in the county. It is estimated that next year total ice cream sales in the county will be $8,416,000. Pricey Ice Cream is adding a fifth store and expects to increase its market share by 25%. To the nearest dollar, how much can Pricey Ice Cream expect to sell next year?

$841,600

The Dinner Shoppe spends $23,850 monthly on supplies. If supplies represent 33 1/3% of total expenses, what are the annual total expenses to the nearest dollar?

$858,600

Find 9.5% of $104,884.

$9,963.98

This graph shows the supply and demand relationships for a toy. Quantities are per week. What is the approximate price that a new toy could command, when demand is for about 125 items a week?

$9.00

A survey showed that 14% of the people in a test market would buy a water purifier that screws onto any faucet. A total of 8,136 similar water purifiers of all brands were sold in the test market last year. Based on the survey, how many screw-on water purifiers might the manufacturer sell?

1,139

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?

4.7%

Indira's Exotic Plant Nursery has marked down some of its medium-sized indoor plants by $12.00. The regular selling price for these plants is $29.99. What is the markdown rate?

40%

A square picture frame must be enlarged by 20% on each side. To the nearest hundredth of a percent, by what percent does the area of the square increase?

44.00%

Mercy Hospital surveyed 2,700 patients who were admitted to the hospital last year and stayed at least two nights. They were asked the following question: How would you rate the hospital food you were served during your recent hospital visit? The results of the survey are below. What percent of respondents thought the food was fair or poor? (Hint: Write your answer rounded to the nearest tenth like this: 16.3% .) Outstanding = 625 Good = 734 Fair = 822 Poor = 437 Don't know or no response = 82

46.6%

LC Motor Sales conducted a survey to find out why people who bought cars at the dealership did not use it for ongoing service. The following responses were collected. The marketing director for LC Motor Sales predicted that the number of customers who felt the location was not convenient would be 25. Determine the relative error. (Hint: Find the absolute error first.) moved away = 42 responses dislike the quality of service at LC Motors = 23 responses service charges are too high at LC Motors = 102 responses the service department is too crowded = 124 responses the location is not convenient = 17 responses other reasons = 26 responses

47.06%

These are the expense records of Fishers' Commercial Bakery for the second quarter of the year. What percent of total expenses did Fishers' Commercial Bakery spend on insurance during the quarter?

1.59%

Josephson Medical Supply sold 25,312 units of a new thermometer last year. This year the supply company expects sales to increase to 400% of last year's sales. What are the projected sales for this year?

101,248

Georgia Preserves is test marketing a new peach-orange marmalade. The following responses were collected from 500 people who were offered samples of the new product at a shopping mall. The marketing department of Georgia Preserves predicted that 300 people would indicate that they would be likely to buy the product between the present time and next year. Determine the absolute error. "I love it! Where can I buy it today?" = 127 responses "I'll probably try it over the next year, sometime." = 162 responses "I'll probably try it, but only if I have a discount coupon." = 153 responses "I don't like this marmalade." = 58 responses

11

A food court at a mall had 750 teenagers test Tasty, a new fruit snack. Of these teenagers, 267 said they would buy Tasty if it was sold at the mall. Gooey Candy Company, the manufacturer of Tasty, estimates that 32,000,000 teenagers regularly go to malls. They also estimate that teenagers would buy Tasty once a week. What is the weekly sales potential?

11,392,000 teens

Georgia Preserves is test marketing a new peach-orange marmalade. The following responses were collected from 500 people who were offered samples of the new product at a shopping mall. What percent do not like the product? "I love it! Where can I buy it today?" = 127 responses "I'll probably try it over the next year, sometime." = 162 responses "I'll probably try it, but only if I have a discount coupon." = 153 responses "I don't like this marmalade." = 58 responses

12%

The area of a large circle is 144 times the area of a small circle. If the length of the radius of the small circle is 1 unit, what is the length of the radius of the large circle to the nearest tenth?

12.0 units

At the outdoor market, Craig Wang sells string beans for $1.99 a pound. The beans cost $0.89 a pound to grow. What is the markup rate based on cost, to the nearest tenth of a percent?

123.6%

A hot dog and hamburger franchise in Central City sold 21,526 hot dogs and 35,423 hamburgers last year. The total market for Central City was 152,345 hot dogs and 280,344 hamburgers. What market share of hot dogs and hamburgers combined did the franchise capture last year?

13.2%

Traditional Hats sold 253 silk head scarves at $15 each in its test market last year. It has 55 additional markets of similar size. Forecast its unit sales for the first year.

14,168

Which value of x makes the proportion true? 5/x = 17/476

140

The price of a gallon of gas increased last month from $3.20 a gallon to $3.68 a gallon. What was the percent increase?

15%

Two passenger car models manufactured by Ellis Motor Company are the Leopard and the Gazelle. Last year 528,000 Leopards were sold and 432,000 Gazelles were sold. The total number of passenger cars that were sold last year amounted to 6,400,000. What combined market share can Ellis claim for these two models?

15%

WT Sports Store sells approximately 135 outdoor gas grills annually. In the same town, all outlets for gas grills sell approximately 850 annually. What market share does WT Sports have for gas grills in this town?

15.9%

A house covers 1400 square feet. Janis rents 44% of the area of the house, while Jonathan rents 56%. How many more square feet does Jonathan rent than Janis?

16 square feet

Longwood Photo and Hobby sold $465,000 worth of digital cameras last year. The total market for these cameras was $2,560,000. What market share did Longwood's command?

18.2%

What percentage of the large triangle are the three small orange triangles together?

19%

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

2

A survey showed that 21% of people in a test market liked a new type of "green" detergent and would buy it. A total of 10,200 boxes of detergent of all brands were sold in the test market last year. Based on the survey, how many boxes of the new detergent might the manufacturer sell?

2,142

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

2,418.6

These are the records of Fishers' Commercial Bakery expenses for the second quarter of the year. What percent of total expenses did Fishers' Commercial Bakery spend on rent to the nearest tenth of a percent?

2.9%

What percent of 125 students is 25 students?

20%

Marcia Gibson is an accounting clerk with an annual salary of $22,500. Her benefits include $834 for vacation, $1,300 for health insurance, $1,035 for unemployment insurance, $1,395 for Social Security, and $326 for Medicare. What is the rate of her benefits?

21.7%

Beach Supply Company sells about 1.4 million beach umbrellas per year. The total annual sales of beach umbrellas in the entire market are 6.2 million. What is Beach Supply's share of the market, rounded to the nearest tenth of a percent?

22.6%

A sporting goods store is marking down ice skates. The regular selling price is $169.79. The sale price is $129.99. What is the markdown rate to the nearest tenth of a percent?

23.4%

Lakesha's Computer Center has a 20-gigabyte, 1.6-GHz desktop computer with flat screen monitor on sale for $1,798. The regular price of this computer system is $2,388. What is the markdown rate?

24.7%

Mercy Hospital surveyed 2,700 patients who were admitted to the hospital last year and stayed at least two nights. They were asked the following question: How would you rate the hospital food you were served during your recent hospital visit? The following results were obtained. Mercy had predicted that 650 people would respond that the food was outstanding. Find the absolute error. Outstanding = 625 Good = 734 Fair = 822 Poor = 437 Don't know = 82

25

Divide $16.25 by $64.99 and express as a percent.

25%

Shirts 'n Pants R Us has a clearance on overstocked pants. Pants that usually sell for $44 are on sale for $33. What is the markdown rate?

25%

At the Lira Store for Girls, socks are on sale this week for $1.29 a pair. The regular selling price is $1.79 a pair. What is the markdown rate?

27.9%

Find 631.44 * 6.314 and round your answer to the nearest thousandth.

3,986.912

Sales of a granola bar increased an average of 15% per year over the past six years. This year's sales of granola bars were $4,500,000. Based on this trend, what might the sales be next year?

5,175,000

Mercy Hospital surveyed 2,700 patients who were admitted to the hospital last year and stayed at least two nights. They were asked the following question: How would you rate the hospital food you were served during your recent hospital visit? The results of the survey are below. What percent of the group surveyed considered the food to be outstanding or good? Round to the nearest tenth of a percent. Outstanding = 625 Good = 734 Fair = 822 Poor = 437 Don't know or no response = 82

50.3%

Lenses Inc. recently introduced SeeLites, a thinner lens for eyeglasses. Of a sample of 800 eyeglass wearers, 246 said they would purchase their next pair of eyeglasses with the new lenses. Lenses Inc. estimates that the number of people who purchase eyeglasses in a year is 1,700,000. Most eyeglass wearers buy one new pair of eyeglasses each year. What is the annual sales potential (number of potential buyers) for the new lenses?

522,750

Evaluate 365 - (135% of 230)

54.5

Georgia Preserves is test marketing a new peach-orange marmalade. The following responses were collected from 500 people who were offered samples of the new product at a shopping mall. If the company does not issue a discount coupon, what percent of respondents are most likely to buy this product between the present time and next year? "I love it! Where can I buy it today?" = 127 responses "I'll probably try it over the next year, sometime." = 162 responses "I'll probably try it, but only if I have a discount coupon." = 153 responses "I don't like this marmalade." = 58 responses

58%

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

616.1

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?

65.8%

Round to the nearest tenth of a percent $89.54 ÷ $133.78

66.9%

Cook-n-Serve carries oven mitts that have a selling price of $13.80 a pair. Cook-n-Serve buys the mitts from a wholesaler and receives a 40% trade discount. What is the markup rate on cost and the markup rate on selling price?

67%; 40%

Find 0.08245 * 900.0 and round your answer to the nearest thousandth.

74.205

Wakena Tires sells approximately 3,760,000 car tires and 1,200,000 truck tires each year. About 47,000,000 car tires and 26,000,000 truck tires are sold each year in the United States. What is Wakena's market share in each of these two markets (cars and trucks)?

8% car and 4.6% truck

Evaluate: (3 ½ - 2.75) * 12

9

What is the correct setup to find the cost, C, of renting a boat when you must pay $15 down and $7.50 for each half-hour?

C = 15 + (7.5)t

Hang Hu rented an electric nailer to finish putting together kitchen cabinets. The nailer cost $45 down and $5 for each hour. Which of the following represents Hang's cost, C, after h hours?

C = 45 + 5h

Step 3 of the derivation shows this equation: Cost ÷ Selling Price = (100% - Markup Rate as a percent) What is the result if you multiply both sides of the equation by Selling Price?

Cost = (100% - Markup Rate as a percent) * (Selling Price)

The demand relationship is a direct relationship between the demand for and the price of an item.

False

Which of the following can help you compute an item's markdown?

Markdown rate * Regular Selling Price, Regular Selling Price minus Sale Price

These are the expense records of Samuel's Dry Cleaning and Laundry Services for the first quarter of the year. Which expense categories are more than 30% of total expenses?

Payroll, Utilities

Is an 8-ounce can of fruit for $1.19 or a 64-ounce can for $5.87 the better buy? Why?

The 64-ounce can is the better buy, because its unit price is 9 cents while the unit price for the 8-ounce can is 15 cents.

Of 500 people surveyed, 460 liked the new flavor of Mintie Toothpaste. Suppose the manufacturer operates on the standard that over 90% must respond that they like the new formula. What should the company do?

The company should continue making Mintie toothpaste, because 92% liked the new formula.

Which of the following graphs always begins at (0, 0)?

The graph of the supply relationship.

Note cards sell one pack of 100 for $5.33 or one pack of 300 for $14.84. Which is the better buy? Why?

The pack of 300 is the better buy, because its unit price is 4.9 cents while the unit price for the pack of 100 is 5.3 cents

Another name for (100% - Markup Rate as a percent) is the complement of Markup Rate.

True

A group of people who test a product or respond to an opinion survey are called ________.

a sample

The markdown rate is expressed as a _______ of the regular selling price of the item.

percent

Which situation might this graph represent?

the height of a rocket after takeoff

Which terms describe the point at which the supply and demand relationships intersect?

the point of equilibrium, the selling price that will bring most profit, the balance point

Which real-world situation may be modeled by the following graph?

the steady decrease in value of a car after purchase

Refer to the FTC's index page Antitrust Laws. The FTC website states that the term consumers refers to both individuals and businesses.

True

A ______ is the difference between the regular selling price of an item and its discounted price.

markdown

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

$917.87

Kranski's Island is an amusement park. The park is planning a TV ad campaign. It will run 30-second ads for the next 20 days on a daytime show. The park will also run 30-second ads for the next 5 days during a prime-time show. A 30-second daytime ad costs $6,200. A 30-second prime-time ad costs $165,000. What is the total ad campaign cost?

$949,000

Write 0.22% as a decimal.

0.0022

Find the value of X, if X: 5 = 33:165

1

Suppose the area of a circle is 100 π square inches. Which of the following represents the radius of the circle?

10 inches

Georgia Preserves is test marketing a new peach-orange marmalade. The following responses were collected from 500 people who were offered samples of the new product at a shopping mall. The marketing department of Georgia Preserves predicted that 300 people would probably buy the product between the present time and next year. Determine the relative error. (Hint: Find the absolute error first.) "I love it! Where can I buy it today?" = 127 responses "I'll probably try it over the next year, sometime." = 162 responses "I'll probably try it, but only if I have a discount coupon." = 153 responses "I don't like this marmalade." = 58 responses

3.8%

Jason is comparing surveys on used cars. A specific brand was scored on its characteristics with the following weights of importance. Calculate the car's mean score to the nearest tenth. Drive train = 3 (weight 3) Safety = 5 (weight 5) Gas mileage = 2 (weight 1) Cost of repairs = 3 (weight 1)

3.9

The law of supply states that as the supply of a certain product or service increases, its price also increases.

True

Find the sum. $1,484 + $813 + $11, 665

$13,962

Find and round to the nearest cent

$192.00

According to this line of best fit, what is the best estimate of projected sales in thousands of dollars for 2015?

$34,000

A rectangular garden is extended 4% on the long sides and 8% on the short sides. To the nearest hundredth of a percent, by what percent does the area of the rectangle increase?

12.32%

Refer to the FTC index page Antitrust Laws. The meaning of the word innovation as used in the first paragraph is _______.

change in a product or service that improves its usefulness

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?

discouraging computer makers from using non-Intel computer chips

According to the U.S. Department of Justice Antitrust Division Public Guidelines, which may be features of price-fixing agreements?

eliminating or reducing discounts, not advertising prices, adopting a standard formula for computing prices

Refer to the FTC index page Antitrust Laws. According to the FTC, aggressive competition among sellers gives consumers ______________.

more choices, higher quality products and services, the benefits of lower prices

What situation might this graph represent?

the amount of money owed during 17 years of making regular payments, the value of a car that has depreciated during 17 years

Don's Fishing sells fishing lures for $1.88 after marking them up 380% based on cost. What is the cost of each lure to the nearest cent to Don's Fishing?

$0.39

To the nearest cent, evaluate $44.50 * (4% - 2.25%).

$0.78

Bettina Soto is a regional sales representative for a pharmaceuticals company. This month her travel expenses include $884.03 for car rental and gasoline, and $219.40 for meals. Her hotel bills include two nights at the Resort Hotels for $175 per night, one night at the Suites for $85.90, and four nights at the East Inn for $119.90 per night. What are Bettina's total travel expenses for the month?

$2,018.93

Gaitan Lee sells imported cabinets for $489.50 each. What is the highest price Gaitan can pay for the cabinets and make a markup of 55% of the selling price?

$220.28

The Smith-Hart Company is searching for a person to head its accounting department. The personnel department placed advertisements for a total cost of $5,902. The company's cost to interview candidates is $17,800. The hiring expenses totaled $800. What is the total recruiting cost?

$24,502

Add: $72.08 + $29. 37 + $275.00

$376.45

Margaret Segal's company released her from her regular work to attend a four-hour seminar. Her release time for the day cost the company $209. The seminar instruction was $165, and she spent $12 on supplies. What was the total training cost?

$386

On a large construction project, the price of dry wall is $.40 per square foot and spraying the dry wall with textured plaster is $.45 per square yard. How much must the builder pay for sprayed dry wall that is 100 square yards?

$405.00

A pair of earrings has a 130% markup rate based on cost. The selling price is $77.77. What is the markup to the nearest cent?

$43.96

An electronics store buys digital cameras from the manufacturer at $193.55. It marks them up 125% of the cost. What is the selling price you will find when you visit the store?

$435.49

Find 42% of $1,267 to the nearest cent.

$532.14

To the nearest cent, evaluate $73.50 * (7.5% + 1.25%).

$6.43

Ramon Perez worked 40 hours at $13.00 an hour and five hours of overtime at time-and-a-half. What was his pay for the week?

$617.50

A company held a one-day training seminar and invited 4 employees to attend. The employees were paid their regular wages of $70 per person. Lunch was provided at a total cost of $89. The seminar instructor's fee was $200. Supplies and equipment for the program were $27 per person. What was the total cost of the seminar?

$677

A software manufacturer charges $422 per license. Overhead costs, including installation, are 50% of the final selling price. The cost to the manufacturer per license is $136. What is the manufacturer's net profit on the software?

$75.00

ZG Jewelers purchased fashion bracelets for $38.87. This jewelry store regularly marks up fashion merchandise 52% of the selling price. What is the minimum selling price that ZG Jewelers should charge?

$80.98

Find and round to the nearest cent. 35% of $246.55

$86.29

Write 18% as a decimal.

0.18

Suppose A = 8, B = 23 and C = 3. What is [2(B - A)] ÷ C?

10

Mike Albers works during the summer at his uncle's produce stand. Tomatoes are priced at $1.99 per pound. Mike's uncle estimates that his total cost in producing and transporting the tomatoes is about $0.95 per pound. What is the markup rate based on cost for the tomatoes?

109.5%

Find $12,103 ÷ $68,840 rounded to the nearest tenth of a percent.

17.6%

Amy Flaxman is an assistant at the Montgomery Animal Clinic. Her annual salary is $37,500. Her benefits include $721 for one vacation week, $2,270 for health insurance, $2,325 for Social Security, $544 for Medicare, and $1,725 for unemployment insurance. What is the rate of her benefits rounded to the nearest tenth of a percent?

20.2%

A candy store owner pays $0.05 for each stick of bubble gum. He sells each stick of gum for $0.15. If he made $20 last month on bubble gum, how many sticks of gum did he sell?

200 sticks of gum

Lee Johnson sold golf shoes for $89.99 a pair. The shoes cost the store $26.28 a pair. What was the markup rate based on cost to the nearest tenth of a percent?

242.4%

Janine Xavier constructed a model airplane in perfect proportion to the original. The length of the model's wing was 13 inches while the length of the actual wing is 39 feet. If the diameter of the propeller is 9 feet, what is the diameter of the propeller on Janine's scale model?

3.00 inches

Write 325% as a decimal.

3.25

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

33.3%

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?

360W = U

Suppose m= 7, t = 20 and r = 35. What is t(m ÷ r)?

4

The FTC Bureau of Competition created a pamphlet Bureau of Competition describing the purpose of its divisions. Scroll through the pamphlet. How many divisions are dedicated to mergers?

4

Summerplace, an amusement park, sells purified water in plastic bottles to guests for $1.10 each. The park purchases the drinks for $0.22 each. What is the markup rate based on cost?

400%

A pair of tomato plants sells for $20.65. The cost is $7.32 each. What is the markup rate, based on cost to the nearest tenth of a percent?

41.1%

Nancy Martinez manages all the magazines and paperback books at a local grocery store. She prices paperbacks to sell at $7.99. The cost to the store is $5.29. What is the markup rate on a paperback book, based on its cost?

51.0%

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. Which expression represents the number of usable parts Justin's Junkyard can gather in a typical week?

6 * 30 * 2

Divide $27.42 by $44.00 and express as a percent.

62%

Calloway Department Store buys jackets for $19.75 each and sells them for $37.88 each. What is the markup rate based on cost?

91.8%

Find $5,875 ÷ $6,030 rounded to the nearest tenth of a percent.

97.4%

The definition of Cost as a percent of Selling Price is Cost ÷ Markup Rate as a percent.

False

This formula for computing selling price is useful when a retailer knows markup rate and cost: Cost ÷ (complement of Markup Rate) = Selling Price

True

The U.S. Department of Justice Antitrust Division has guidelines for the public about behavior of companies that may block competition Public Guidelines. What is the definition of price-fixing?

an agreement among competitors that restricts price competition and violates the law

The complement of the markup rate based on selling price is the percent of _____ based on selling price.

cost

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?

x = $150,000 * 0.20