Business Math

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

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

What is the net-price rate when a designer swimsuit, originally priced at $85 is discounted 25/60?

30%f

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

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

An organic cheese company uses the FIFO method of valuing inventory. As of May 31, the company had sold 160 wheels of organic cheese. Use the FIFO method to find the cost of the 160 wheels sold.

$1,550.00

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 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

Giant Department Stores, Inc. purchased bedroom curtains from The Linen Company for $6.19. The markup was $4.20. What was the selling price to the nearest cent?

$10.39

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

Lightbulbs Etc. uses the FIFO method to find the cost of goods sold and the value of the ending inventory. This is a record of the units received in the month of June. On June 30, they sold 128 energy-saving bulbs. What was the value of the remaining inventory?

$112.86

James Hardware sells door lock sets for $74.99, including installation. The company hires subcontractors to install the lock sets. The subcontractors receive $22.00 per lock set installed. Other overhead costs total $7.56 per set. If James Hardware pays $32.55 for each lock set, what is the company's net profit?

$12.88

The PPA Company is sending three people to a three-day training session. Expenses per person must not exceed the $2,500 budget. Registration for each person is $200. Meal allowances are $75 per day per person for each of the three days. Transportation costs are $145 for all three people. What is the maximum the company will pay for a hotel per person for each of the three nights?

$120

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

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

$13,962

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

Lucy's Spa and Salon Services Company estimates that it costs $38,000 annually to carry their inventory of supplies. The cost consists of 10% for storage and handling; 15% for interest; and 3% for taxes and insurance. What is the value of the company's inventory?

$135,714.29

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

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

Big Box Electronics sells a television set and DVD player unit for $545.45. Its cost on the unit is $372.72. What is the markup?

$172.73

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

The list price of a stove is $278. The chain discount is 20/15. What is the final net price?

$189.04

The base rate for workers' compensation insurance for a motorcycle repair shop is $7.32 per $100 paid to employees. The total monthly payroll for the shop is $32,400. What is the monthly premium for the workers' compensation insurance?

$2,371.68

After working 10 years as a bus driver, Izabel Antocicco was in an accident and became permanently disabled. She was 63 years old at the time and was planning to retire on her 65th birthday. Her final salary was $55,700 per year. Her rate of benefits was 4.5%. What is her monthly disability benefit?

$2,506.50

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

PRP Technologies has an inventory of computer monitors. On March 31st, the last day of the month, PRP had 165 flat panel monitors in stock. What is the value of the ending inventory for March using the average-cost valuation method? Round up to the nearest dollar.

$20,266

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

Cory Yip is a customer service agent, Level 1, for Marcom & Associates. He received a 2.5% cost-of-living adjustment and a merit increase of 4%. What is Cory's new salary?

$21,300

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

Red Hardware had inventory valued at $380,000. The store estimates the annual cost of carrying its inventory at 25% of the inventory's value. With on-time shipping, Red Hardware reduced its inventory to three-fourths of its original value and still met customers' orders. How much did the store save on the total cost of carrying its inventory?

$23,750.00

Find the possible net profit for the estimated unit sales.

$232,000

Refer to Table 3-5 on page 3-10 of the Department of Labor's 2010 publication on monetary entitlement: Monetary Entitlement. This table shows that Arizona's minimum weekly unemployment payment was $60. What was the maximum weekly payment in Arizona?

$240

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

Karl Schwartz has total travel expenses of $643. His transportation cost is $290, the lodging cost is $198, and additional costs are $80. If dinner costs twice as much as lunch, how much is his lunch?

$25

What is the final net price of a designer swimsuit, originally priced at $85, when the Fall discounts are 25/60?

$25.50

Third Federal Bank is in a national search for a new Director of Human Resources. The recruiting budget is $30,000. So far, the bank has spent $8,600 on advertising and $7,650 on interviewing. The bank is willing to pay a 5.5% commission to a broker for selling the new director's home. What is the maximum selling price on which the bank would pay 5.5% commission and stay within its budget? Express your answer in dollars and cents.

$250,000

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

Susan Pollack had worked at Carl's Garage as a receptionist for 22 years when she became permanently disabled. She was 55 years old at the time and had planned to retire at age 60. Her final average salary was $48,600 a year. Her rate of benefits is 2%. What is her annual disability benefit?

$26,244

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

Lightbulbs Etc. uses the FIFO method to find the cost of goods sold and the value of the ending inventory. The table records the number of units received in the month of June. On June 30th, they sold 128 energy-saving bulbs. What was the cost of goods sold?

$265.85

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

What is the net price of a vacuum cleaner originally priced at $185, when the discounts are 25/80?

$27.75

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

David's Flooring hired a new national distribution manager for an annual salary of $178,450. Advertising costs were $1,341. Interview costs totaled $713.98. The recruiter fee was 15% of the first year's salary. What was the total cost of hiring the distribution manager?

$28,822.48

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

ABE Software creates customized software that sells for $3,816,981.10 total. ABE Software's cost is $1,723,000.00 and overhead expenses are estimated at 47% of the selling price. What is ABE Software's net profit to the nearest dollar?

$300,000

Jamison Foundry wants to stick to its recruiting budget for the position of Manager of Operations to $80,000 or less. So far, the company has spent $9,500 on advertising and $52,310 on interviewing. The company will pay 6% commission on selling the new manager's home. What is the maximum selling price of a house that the Foundry would pay 6% commission on and stay within its budget?

$303,166.67

The list price for a prom dress is $43.77. The trade-discount rate is 28%. What is the net price to the nearest cent?

$31.51

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

This is part of an invoice that Sharon Niles received for a shipment of items. What is the cash discount if the bill is paid within 10 days?

$33.79

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

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

$34,000

The net price of goods from Southern Flooring to Jerry's Carpet Outlet is $34,500. The terms are 8/10 EOM. The date of the invoice is October 5th. If the invoice is paid on December 1, what is the cash price?

$34,500

This is part of an invoice that The Chair Specialists received for a shipment of chairs. What is the cash discount if the bill is paid within 10 days?

$34.37

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

Emily Penn sells for Maumere Electronics. She is paid a base salary of $300 and 7% of all sales. One week she had sales of $7,280. If Emily's rate of commission is increased to 7.5%, but her base remains the same, how much more will she earn in a week in which she had sales of $7,280?

$36.40

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

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

The list price of a Finch Electric iron is $62. The company is offering a chain discount of 30% less 10%. What is the final net price of the iron?

$39.06

Apple Linens Warehouse carries a $1,239,500 inventory. Apple Linens estimates the annual cost of carrying the inventory at 32% of the inventory value. What is the approximate annual cost of carrying the inventory?

$396,640

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

$397.00

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

Records in this table for Big-Big Foods show the opening balance and the receipts for packages of hot dog buns in November. At the end of the month, 31 packages of buns were on hand. What is the value of the ending inventory using the average-cost method? Round to the nearest cent.

$40.61

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

$43 thousand

Jackson Banks is a shift manager, Level 3, for Marcom & Associates. He received a 3% cost-of-living adjustment and a merit increase of 10%. What is Jackson's new salary?

$44,070

Jeannine Jacoby is a web designer (salary Level 3) for EPD, Inc. During her review, she received a 3.2% cost-of-living increase and a 5.2% merit increase. Calculate her new salary.

$44,444

What is the final net price of a coat, originally priced at $300, when the spring discounts are 25/80?

$45

John measured his triangular garden. He plans to use 50% of the area of the garden for edible plants. The height of the garden was 17 feet and the base was 8 feet. What is the area that John will use for edible plants?

34 square feet

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

35.0%

77x - [42x + 33(10 - 20]

35x + 330

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

On December 1, Jonas Jewelry Wholesale Center started with an inventory of 1,000 watches. Shipments of 168, 231, and 411 were sent out on January 3, February 8, and March 7, respectively. Receipts of 21, 145, and 11 were received on January 8, February 22, and March 18. Find the number of watches on hand as of March 18.

367

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

The Hair Care Place sells 88 bottles of shampoo each month. It takes 7 days lead time to replace the shampoo. Safety stock is 10 shampoo bottles. What is the reorder point, considering 22 working days in a month?

38 shampoo bottles

Jamie Pruitt is an assistant to the city manager. Her annual salary is $45,000. Next month she will receive a yearly cost-of-living adjustment of 2.5%. In addition, her manager plans to award her a merit increase of 4% for her excellent work during the year. What will Pruitt's salary be for the coming year?

$47,925

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

Evaluate A, when x = 2.

4

Jamal and his friends are conducting a car wash to raise money for a school play. Over the first weekend they raised $336.00, which was 80% of what they set out to earn. If they collect $21 for each car they wash, how many more cars must they wash?

4

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

Chemical Light Research, Inc., is sending its 5-person research team to a 3-day conference to learn a new automated lab procedure. One researcher earns $336 daily, 2 earn $380 daily, and 2 earn $400 daily. What will the 3-day conference cost the company in lost productivity for the 5 researchers?

$5,688

The Japanese Yen is the currency in Japan. Its symbol is ¥. If 100¥ equals $1.24, how many dollars does 450¥ equal?

$5.58

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

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 list price of a diamond ring is $662. The jeweler is offering a chain discount of 15% less 10%. What is the final net price of the ring?

$506.43

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

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

$532.14

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

Georgia Fineman is traveling to a show on green building for two days. Her lodging is $380 per night for two nights, with breakfast and lunch included. Her airfare was $320 and taxi costs to and from the airport totaled $55. She had a budget of $1,250. What is the maximum she can spend on dinner each night?

$57.50

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 Human Resources Department is sending four people for two days of training on new software. The transportation cost per person is $425. The cost for breakfast and lunch is $40 per person, per day. If the budget allows $2,500 total for all four people, what can each person spend for dinner each night?

$60

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

Mostly Kitchens pays $235.80 for a pallet load of paper towels. The pallet holds 36 cases with 12 rolls per case. Mostly Kitchens sells the paper towels for $10.99 a case. What is the markup per roll to the nearest cent?

$0.37

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

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

A refrigeration company held a 2-hour training program for 5 employees. The employees were all paid their regular wages for the time they were released from their regular work. These wages totaled $340 for the group. Refreshments were served at a total cost of $5 per person. The program instructor's fee was $75. Supplies, including new procedure manuals, were provided to each employee for a total of $250. What was the total cost for the seminar to the nearest cent?

$690.00

The accounting department at Nagata Glass reimbursed Abba Jay for traveling to two sales presentations in New Orleans this month. He drove a total of 610 miles to and from the city. The company will pay him $0.32 per mile. His other travel expenses included $6.50 in tolls, and $260.40 per night for two nights in a hotel. The costs of his meals are listed in the table. What were his total expenses for the two trips?

$779.43

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

$8,000,000

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

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

Central Drug Stores estimates the cost of carrying the inventory of goods to be 18% of the value of the merchandise. About how much does it cost Central Drug Stores annually to carry a $481,560 inventory?

$86,680.80

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

Johnson Canniver has a repair shop. He bought a used lawn mower for $35.00 from a customer. He spent $39.17 on parts to repair the mower. He also painted and polished the mower at a cost of $36.43. He was able to sell the refurbished lawn mower for $155.00. If it took 4.5 hours to do all the work, how much did he earn per hour to the nearest cent?

$9.87

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

$917.87

Write 0.22% as a decimal.

0.0022

Write 18% as a decimal.

0.18

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

1

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%

The invoice date is August 1. The terms are 4/10, n/30. What is the cash discount being offered? What is the last day to take the discount?

4%; August 11

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%

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%

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%

The sides of a rectangular building are 30 yards and 25 yards. What percent greater is the area of the base of the building than a square building whose sides are 20 yards?

47%

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%

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

10 inches

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

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%

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%

What is the final discount rate when Findley's Department store discounts all pants 30/40?

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

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%

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%

What is the net-price rate of a vacuum cleaner, originally priced at $185, when the discounts are 25/80?

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%

The inventory record for the Affiliated Lumber Company shows the status of 4-by-8 sheets of wallboard. What was the number on hand at the end of April?

150

A furniture manufacturer uses 16,800 bolts per day. Safety stock is 6 days' usage. Bolts usually arrive within three days of ordering. What is the reorder point for bolts?

151,200

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

Refer to Table 1 on page 2 of the U.S. Census Bureau publication: Why People Move: Exploring the March 2000 Current Population Survey. From March 1998-1999, what percent of people who moved, moved for work-related reasons?

16%

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%

An inventory record for the bookstore of a local college shows a receipt of 150 accounting books on May 1. Another shipment of 25 books arrived on June 15. On May 20, 100 books were sold to the students enrolled in the summer school class. On June 3, 31 books were purchased by the students enrolled off-campus. On June 17, a shipment of 150 books arrived. Find the number on hand on June 17.

194

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%

A circular garden has an area of 25 square feet. The inner part is an herb garden that occupies 20% of the area of the garden. If the rest of the garden is flower beds, the flower beds occupy ____ square feet?

20

The list price of kitchen cabinet knobs is $3.00. The net price to the retailer is $2.40. What is the trade-discount rate?

20%

Thors Retail purchases the items shown from Thors Wholesalers. Find the trade-discount rate of lighter fluid.

20%

What percent of 125 students is 25 students?

20%

The inventory record for the Affiliated Lumber Company shows the status of 4-by-8 sheets of wallboard. What was the opening balance at the beginning of March?

210

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%

The inventory record for the Affiliated Lumber Company shows the status of 4-by-8 sheets of wallboard. What was the opening balance at the beginning of April?

230

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%

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%

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%

The list price for a lawnmower is $420. The net price is $315. What is the trade-discount rate for the lawnmower?

25%

Thors Retail purchases the items shown from Thors Wholesalers. Find the trade-discount rate of the charcoal.

25%

Whitewater Supply Company has this inventory record for its inflatable vests. What was the number on hand on June 26th?

26

Gerome Houser is a pastry chef at McKay's Eatery. His annual salary is $45,623. His benefits include $1,755 for two weeks of vacation, $3,898 for health insurance, $661 for Medicare, $2,828 for Social Security, and $2,098 for unemployment insurance. He also gets paid $1,404 for eight holidays throughout the year. What is the rate of his benefits rounded to the nearest tenth of a percent?

27.7%

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%

A small appliance manufacturer uses 9,810 spools of zip wire every 45 working days. The lead time for the wire is 13 days. Safety stock is 5 days' usage. What is the reorder point? Enter only the number.

3,924

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

3,986.912

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

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%

The invoice date is August 1st. The terms are 5/10 EOM. What is the percent of the cash discount being offered

5%

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%

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%

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

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

62%

A camping store sells 750 tents in 30 working days. The lead time for tents is 21 days. Safety stock is 4 days' usage. What is the reorder point?

625 tents

What is the complement of 35%

65%

What is the complement of 35%?

65%

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%

The list price of a food processor is $490. The chain discount is 20% less 10%. What is the net-price rate?

72%

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

74.205

What is the net-price rate when a drill kit originally priced at $165 is discounted 15% on top of 10%?

76.5%

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

Whitewater Supply Company has this inventory record for its inflatable vests. What was the number on hand on June 18th?

84

A rectangle is 42 square feet. What percent of the area of the rectangle is a square with side lengths of 6 feet?

86%

On her last four math tests, Tenisha Rowly had 90%, 94%, 87%, and 83%. What is her mean (average) test score?

88.5%

Evaluate: (3 ½ - 2.75) * 12

9

This is part of an invoice that Sharon Niles received for a shipment of items. What is the last day Sharon can take advantage of the EOM discount?

May 10, 2012

Refer to Table 3-5 on page 3-10 of the Department of Labor's 2010 publication on monetary entitlement: Monetary Entitlement. Which state (exclude Puerto Rico) gave the lowest maximum weekly payment?

Mississippi with $235

Suppose overhead is estimated to be 40% of an item's selling price and markup is $30.00. If the cost is $25.00, which of the following is true?

Net Profit = $30.00 - 0.4 * Selling Price

The list price of paint is $24 and the trade-discount rate is 30%. What is the correct setup to find the net price using the complement method?

Net price = $24 * 0.7

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

The graph of the supply relationship.

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

True

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

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

$0.78

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

An organic cheese company uses the FIFO method of valuing inventory. As of May 31, the company had sold 160 wheels of organic cheese. Use the FIFO method to find the cost of the 150 wheels of cheese left in inventory.

$1,484.25

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

The list price for a lawnmower is $420. The net price is $315. What is the trade discount for the lawnmower?

$105

Martina's Electronics offers trade discounts and additional discounts to encourage large orders. What is the net price for a television if the total invoice is over $500?

$107.56

Luisa's Pet Store pays $7.63 for a case of gourmet cat food. The store's customers pay $19.49 per case for the cat food. What is the markup on a case of gourmet cat food?

$11.86

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

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

The list price of an item is $265. The trade discount is $95. What is the net price?

$170

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

Find and round to the nearest cent

$192.00

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

The owner of a large manufacturing plant pays the base rate of $11.24 per $100 in wages paid for workers' compensation insurance. The payroll for September is $179,805. What is the month's premium for the workers' compensation insurance?

$20,210.08

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

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

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

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

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

$256.40

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

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

Nakesha Sporting Goods operates on a 45% overhead based on the selling price. This results in an overhead of $65.34 on the newest version of an air hockey game set. If the air hockey game set costs Nakesha Sports $49.32, find the net profit to the nearest cent.

$30.54

If the net price of a 14-carat gold ring is $200 and the list price is $500, what is the trade discount?

$300

The net price of goods from Southern Flooring to Jerry's Carpet Outlet is $34,500. The terms are 8/10 EOM. The date of the invoice is October 5th. If the invoice is paid on October 15, what is the cash price?

$31,740

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

$4,114.02

Lastima Nelson, Inc. is recruiting a new Chief Financial Officer (CFO). The recruiting budget is $44,000. Lastima has spent $10,000 on advertising and $8,500 on interviewing. The company is willing to pay 6% commission to a broker for selling the new CFO's home. What is the maximum selling price on which the company would pay 6% commission and stay within its budget?

$425,000.00

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

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

$43.33

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

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

An invoice dated March 28 has terms of 3/10 EOM. The net price is $540.10. The invoice is paid April 8. Find the cash price using the complement method.

$523.90

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

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

$6.43

Oliver Sands is a landscaper. In 2010, the price of a 5-gallon flowering lantana bush was $4.99. In 2011, it was $5.49. At the beginning of 2012 the price is listed at $5.99. What is a reasonable estimate of the cost of a 5-gallon lantana in 2013?

$6.50

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

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

The Musical Instrument Store estimates costs of $18,750.00 annually to carry inventory of musical instruments and accessories. The costs include 12% for storage, 12% for interest, and 5% for transportation. What is the value of the inventory to the nearest cent?

$64,655.17

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

When the school orchestra discovered they still had to raise $48, they decided to conduct a cookie dough sale. They bought cookie dough from the Local Dough Company and sold it at $14 for each bucket of dough. They made four times the amount they needed by selling 30 buckets of dough. How much did the orchestra pay the Local Dough Company for each bucket?

$7.60

The catalog price of an item is $875. The trade-discount rate is 20%. What is the net price?

$700

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

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

An etched glass tabletop carries a catalog price of $129.75. The Tabletop Company offers a 40% trade-discount rate. What is the net price to the nearest cent?

$77.85

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

$80.17

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

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

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

$86.29

The terms are 4/10, n/30. The net price is $919.60. What is the cash price using the complement method?

$882.82

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

Evaluate A, when x = 0.

-2

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

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

10

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

Write 325% as a decimal.

3.25

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%

Find 20% of 10% of 300.

6

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

What is the complement of 40%?

60%

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

616.1

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 net price of goods from Ricardo's Pet Supply to Jack's Aquarium is $598. The terms are 5/10 EOM. The date of the invoice is March 11th. What is the last day to pay the invoice in full?

April 30

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

A rental company at the park rents out bicycles for a fee of $15.00 plus $8.00 for every half-hour. Which equation expresses C, the cost of renting a bicycle for h hours?

C = 15 + 16h

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)

Which of the following is not generally considered a benefit to an employer who reimburses employees for tuition?

Employees will be unable to return the money to the employer, if they fail a course.

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

False

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

False

What does "2/10 net 30" mean on an invoice?

If paid 10 days from the date of the invoice, the customer gets 2% discount. Full payment is due 30 days from the date of the invoice.

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

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

Refer to Table 3-5 on page 3-10 of the Department of Labor's 2010 publication on monetary entitlement: Monetary Entitlement. Which state gave the highest maximum weekly payment?

Massachusetts with $943

Suppose the catalog price of an item is $475 and the trade-discount rate is 15%. What is the correct setup to find net price?

Net Price = $475 * 85%

Which of the following is the correct formula?

Net Price = List Price - Trade Discount

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

Refer to Table 1 on page 2 of the U.S. Census Bureau publication: Why People Move: Exploring the March 2000 Current Population Survey. Which of the work-related reasons contained the least number of people?

Retired

The invoice date is August 1st. The terms are 5/10 EOM. What is the last day to take the discount?

September 10

The invoice date is August 1st. The terms are 5/10 EOM. By when must the invoice be paid?

September 30

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.

Each state creates its own requirements that must be in agreement with the federal guidelines. A link to each state's unemployment agency is listed on the Department of Labor's website: Agencies. The United States has 50 states. Why does the Department of Labor's website have 53 links?

The District of Columbia, the Virgin Islands, and Puerto Rico are included.

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.

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

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

True

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

True

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

True

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

a sample

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

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

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

cost

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

The inventory record for the Affiliated Lumber Company shows the status of 4-by-8 sheets of wallboard. When did the inventory fall below the reorder point?

every month

When a business is a certain size, the employer must pay its employees tuition reimbursement.

false

An ________ (one word) is the document that itemizes the quantities and costs of the items you purchase from a wholesaler or supplier.

invoice

Refer to this U.S. Census Bureau study of Geographical Mobility in the United States in the last decade of the 20th century: Geographical Mobility. According to the information in this study, what is the best estimate of the number of moves would you have left to look forward to at age 16?

less than 10.8 and more than 9.2 moves

Generally, who produces the goods in a supply chain?

manufacturer

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

markdown

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

Which of the following may be considered benefits paid to an employee by an employer. (Select all that apply.)

paid vacation, retirement plan, health insurance

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

percent

Which of the following are important to consider when approximating overhead or operating expenses?

rent, a percent of the wages of the employees who are involved with production, taxes, electric bill

A discount paper goods store sells 132 single paper towel rolls every 11 business days. More paper towel rolls can be ordered and received in two days, but only in cases of 20 rolls. The discount paper goods store carries no safety stock. What is the reorder point and how many paper towel rolls must be ordered once the reorder point is reached?

reorder point is 24 rolls; 40 must be ordered

The annual cost of carrying inventory includes ___________.

storage fees, insurance on the goods, taxes

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

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

Tuition reimbursement is sometimes called tuition assistance.

true

Refer to the Department of Labor's unemployment insurance fact sheet: Fact Sheet. How often must someone file for continuing eligibility?

weekly or biweekly

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

Trans Autobus Systems is sending its 3 top managers to a 2-day conference to learn about quality circles. One manager earns $240 daily, while the other 2 managers earn $300 daily. What will the release time cost the company for the 3 managers?

$1,680

Finestein Physics is sending 5 of its top physicists to a 5-day conference on the latest developments. The junior scientist earns $410 daily, two of the physicists earn $444 daily, and the two senior scientists earn $500 daily. What will the release time cost Finestein Physics for the five physicists?

$11,490

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

$16.50

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

The County Mental Health Center is looking for a Facility Director. It has budgeted $20,000 for recruiting costs. The Center spent $5,300 on advertising and $3,500 on interviewing. The Center is willing to pay 5.5% commission on selling the new director's home. What is the maximum selling price the Center would pay 5.5% commission on to stay within budget?

$203,636.36

A company was looking for a vice president of marketing. Advertising expenses totaled $1,008 and interviewing expenses, including travel for the finalist were $1,547. They hired Stephan Peitrovsky. Hiring expenses included $2,897 in moving costs and a 7% realtor's fee on the selling price of Stephan's home. The home sold for $265,489. What is the total recruiting cost to the nearest cent?

$24,036.23

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

A Brooklyn, NY, marketing agency was searching for an account executive. Advertising expenses totaled $13,234 and interviewing expenses for the final candidate were $1,328. Hiring expenses included $2,700 in moving costs and a 5% realtor's fee on the $148,231 selling price of the new executive's home. What is the total recruiting cost? Express your answer in dollars and cents.

$24,673.55

Sarah Barnard writes a monthly column for City Magazine. Her salary is $25,000. Next month she will receive a yearly cost-of-living adjustment of 2.8%. She is also expecting a merit increase of 5%. What will Sarah's annual salary be next year to the nearest dollar?

$26,950

Sherese Wallace is the owner of Buckley's Sandwich Shop. The base rate for the state's workers' compensation insurance is $2.70 per $100 paid in wages. The monthly payroll is $11,450. What is the monthly premium for workers' compensation?

$309.15

Import Auto Company held a 4-day training program for 20 employees. All employees were paid their regular wages for the time they were released from their regular work. These wages totaled $5,897.64 for the group. Refreshments and lunch were served at a cost of $45.50 per person each day. The instructor who conducted the training charged $500.00 per day. Supplies and equipment for the program totaled $8.00 per person. Travel expenses for the group totaled $22,457.63. What was the total cost for the seminar to the nearest cent?

$34,155.27

After working at a company for 15 years, Kelly Cochrel became permanently disabled and could no longer work. She was 47 years old, and was planning to retire at the age of 65. Her final average salary was $69,500 per year. Her rate of benefits is 1.5%. What is her annual disability benefit?

$34,402.50

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

$376.45

Jason Rhodes travels for company business. This month Mr. Rhodes traveled to Bulgaria to make a special presentation. His round-trip airfare was $3,100.40 and his ground transportation to and from the airport totaled $164.00. His hotel room was $195 per night for five nights. Meals were included at the presentation. He paid $11.00 for two meals at the airport. What were Jason's total travel expenses for the trip?

$4,261.40

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 Florida law firm hired an attorney. Advertising expenses totaled $13,500 and interviewing expenses, including travel for two of the candidates, totaled $1,450. They selected Patrice La Vine. Hiring expenses included $4,500 in moving costs and a 7% realtor's fee on the selling price of Patrice's home. The home sold for $345,980. What was the total recruiting cost?

$43,668.60

A year ago, when Delmar Harris started his job as an accounting clerk at Wright Way Enterprises, his salary was $38,500. This week he received a cost-of-living adjustment of 2.4% and a merit increase of 15.0%. How will Delmar's annual salary be next year? Round to the nearest dollar.

$45,199

Feng-Lin Fong had worked at the University Medical Center for 20 years when she became permanently disabled. She could not continue to work. Fong was 55 years old and had planned to retire at age 65. Her final average annual salary was $76,908. Her employer's rate of benefits is 2%. What is her annual disability benefit?

$46,144.80

Last month Nicoletta Baxter traveled to France to attend a company-wide retreat. Her round trip airfare was $2,898.65 and her ground transportation to and from the retreat location totaled $362.13. Her lodging was $310 per night for 6 nights. With the exception of breakfast, her meals were provided at no charge. She paid $6.90 for breakfast each day for seven days. What were Nicoletta's total travel expenses for the trip?

$5,169.08

Maldo Geronimo conducts two-day training sessions for an oxygen equipment company. When he traveled last month, his lodging was $235 per night for two nights and breakfast and lunch were $46 per day. His total transportation expenses were $535. He has a budget of $1,200. What is the maximum he can spend on dinner each of the two nights? Express your answer in dollars and cents.

$51.50

Ruth Mason received a 4.3% merit increase and a 3.25% cost-of-living increase after her quarterly review. Her new weekly salary was $688.32. What was her weekly salary prior to the increases?

$640

Atlas Chemical Company wanted to keep its recruiting costs for the position of Chief Chemist to less than $100,000. The company spent $15,500 on advertising and $32,700 on interviewing expenses. They will pay 8% commission on selling the selected individual's home. What is the maximum selling price that Atlas would pay 8% commission on and stay within budget?

$647,500

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

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

Nermal Kumar is a senior manager for Timber Eye Industries in California. After his annual performance review, he received a merit raise of 7.25% and a cost-of-living increase of 2.2%. His annual salary after the increases was $87,609.50. What was Nermal's annual salary before the two increases took effect?

$80,045.23

Sandista Holiday is the owner of a heavy duty truck and bus repair shop. She pays the base rate of $7.30 per $100 paid in wages for workers' compensation insurance. The payroll for November is $129,540. What is that month's premium for workers' compensation insurance to the nearest cent?

$9,456.42

Find 9.5% of $104,884.

$9,963.98

Malik Brooks works 40 hours per week, 52 weeks each year for Metro Delivery. He earns $9.15 per hour. If Malik receives a 4.9% merit increase, what will his new hourly rate be?

$9.60

A real estate agent sold Darlene's house so she can move to a new job. The company hiring Darlene paid the real estate agent $14,000 which is 6.5% of what the house sold for. What is the correct setup to find how much the house sold for?

($14,000 ÷ 0.065) = selling price

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

17.6%

Refer to the Department of Labor's unemployment insurance fact sheet: Fact Sheet. Under the heading Eligibility, which paragraph states that you might be eligible if you lost a job "through no fault of your own?"

2

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

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%

Jack Atherton is a skin care specialist with an annual salary of $21,600. His benefits include $830 for vacation, $1,270 for health insurance, $1,410 for unemployment insurance, $1,339 for Social Security, $313 for Medicare, and $750 for vision and dental insurance. What is the rate of his benefits?

27.4%

52 - [30x + 2(12 - x)]

28(1 - x)

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%

Refer to Table 1 on page 2 of the U.S. Census Bureau publication: Why People Move: Exploring the March 2000 Current Population Survey. How many people moved for a new job or a job transfer in March 1999-2000?

4,052,000

Tuition assistance was once considered non-taxable income. Since when has tuition assistance become taxable income?

January 2011

Refer to Table 1 on page 2 of the U.S. Census Bureau publication: Why People Move: Exploring the March 2000 Current Population Survey. Which of the three time frames had the smallest rate of moving for work-related reasons?

March 1998-1999

Which of the following are important skills that contribute to financial literacy?

The ability to read about personal financial conditions. The ability to analyze personal financial conditions. The ability to manage personal financial conditions.

Which of the following is true about travel expenses?

Travel expenses are costs that are required for business travel.

Which of the following are forms of recruiting?

enlisting qualified soldiers in the military finding and attracting qualified players to a ball team asking qualified people to work for a company

According to the presentation, an employer may place restrictions on a tuition reimbursement plan, such as _____________ and _____________ . (Select all that apply.)

when reimbursement takes place, the minimum grade an employee must receive in a course