Consumer Math A unit 1 a

Before going to the grocery store, you should___.

all of the above

Percentages are___.

all of the above

Sales tax is ___.

all of the above

sales tax is___.

given to the state government

____Is an additional amount added to the total purchase price.

sales tax

when using a calculator, be sure you press____first.

"C" to clear any previous calculations

You are buying two bags of potato chips at the grocery store. You have a manufacturer's coupon for $0.50 off and the store is offering 50% off if you buy two bags . One bag of potato chips cost $2.00 . The discounts are stackable. What is your final cost?

$1.50

You purchase a stereo that originally costs $250 but is marked 10% off. The sales taxis 5%. How much of your total purchase cost is sales tax?

$11.25

Using the following information, how much will you save compared to the original prices if you buy one T-shirt and one pair of sandals at the sale prices?

$12,45

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?

$12.33

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?

$143.04 USD

You are traveling to Colombia, where the currency is the Colombian peso (COP). The exchange rates is USD/COP 1,983.24. How many Colombian pesos will you get if you exchange $100 USD?

$198,324.00 COP

The original sale price of an item at Markdown is $110.95. You have an additional 20% off coupon for Markdowns for purchases totaling $90.00 or more using the coupon, how much more do you save when compared to the original sale price?

$22.19

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?

$26.75

You go to electronics store to buy 3 CDs. Each CD's original cost is $9.99. You have a coupon for 10% off and the sales tax is 6%. What is your total purchase cost?

$26.97

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?

$3.48

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?

$34.64

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

$4.74

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?

$41.45

You are purchasing 2 shirts at $15.00 (each) and 1 pair of jeans at $30.00 (each). You have a coupon for 10% off. How much is the total cost with the discount?

$54.00

The grocery store has a special deal on potato chips where if you buy 1 bag you get the second bag for 50%off. if the sales tax is 5%, how much is your total purchase for 3 bags of chips ig each bag costs $2.50?

$6.56

You spent $103.46 the original price totaled $165.77. How much did you save?

$62.31

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?

$66.23

You are returning from a trip to Italy with 100 euro. The exchange rate is USD/EUR 1.3847. How much in US dollars should you receive?

$72.22 US

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

$8.04

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

$879.21

You buy 6 apples at $0.49/apples, 1 gallon of milk at $3.48/gallon, and 2 loaves of bread at $1.49/loaf. How much was your total purchase?

$9.40

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

$9.78

People wait for sales to___.

Get the best price for a good

When needing to complete a you should___.

Go to a currency exchange rates

Exchange rates help you to know___.

How much your currency is worth in another currency

The biggest problem when using metals (or cowry shells) for trading is___.

Large amounts become very heavy to carry around

Store brands have a tendency to be ___.

Less expensive than brand names

When adding decimals by hand, you must___.

Line up the decimals of the numbers then add from right-to-left

Currency is used to __.

Make the exchange of goods or service easier

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

Multiply the amount you have by the exchange rate

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

Multiply the original price by 85%

When calculating your final total, including sales tax, you must___.

Multiply the sales tax percentage by the sales cost of the purchase (including any applicable discounts) and then add it to that total

The gold standard is___.

No longer used by many countries

When calculating how much you saved, you have to ____.

Subtract the sale price from the original price

When using metal as the exchange basis, two coins must have the same value if___.

The are the same weight and the same metal

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

18 cowry shells

You are traveling to japan and need Japanese Yen (JPY). How much JPY could you get for $200 USD if the rate is USD/JYP 0.9333?

186.66 JPY

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

2 dozen

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

2 oz.

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

Add all the items together at their sales cost the add sales tax

To calculate the total purchase price of on-sale items with a 6% sales tax, you must___.

Add the sales prices and multiply by 1.06

You are buying two bags of potato chips at the grocery store. You have a manufacture's coupon for $0.50 off and the store is offering 50% off if you buy two bags. The discounts are stackable. How do you compute your final cost?

Add the two bags together, divide by 2, and then subject $0.50

When trying to find the best deal items, you should___.

All of the above

"Stackable" coupons___.

Allow you to add a discount onto another discount

outlet malls sell goods___.

At a discount

Smart shoppers usually buy items that they need__.

At their lowest cost

The earliest form of trade was____.

Bartering

When calculating total savings, you must___.

Calculate the total cost of the item when not on sale and subtract the sale cost.

Which activity at the grocery store would not involve mathematics?

Choosing what kind of apple to buy

Negotiating in trade means you are___.

Coming to an agreement on an item's value.

Reducing the original price of an item is often called____.

Discounting

Currency exchange rates are based on___.

Each country's economy

Bartering was an early way that people___.

Exchanged a good or service directly for a good or service