Consumer Business Mathematics Midterm Exam Answers
Which of the following fractions is equal to ¼
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Consumer_Business_Mathematics_Midterm_Exam
1 . Which of the following fractions is equal to ¼
A. 60 12
B. 12 48
C. 108 36
D. 104 26
E. 50 17
Answer:D. 104 26
2 . John earns $ 8.35 an hour . Last week he worked 21 hours . This week he worked 33 hours . What is his straight time pay for the two weeks ?
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3 . The table shows the hours worked for the week . What is the total number of hours worked ? Monday Tuesday Wednesday Thursday Friday 7 5 1 8 7 4 2 8 10 8 6 5 3 A. 39 B. 38 4 2 C. 38 10 1 D. 38 5 1 E. 37 10 1 4 . Round to the nearest hundredth .
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4 . Round to the nearest hundredth . 11.6479
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5 . What is 6 ¾ % of $ 7,600.00 .
A. 513
B. 520
C. 456
D. 479.25
E. 550
6 . Joan gets paid $ 2.35 for each baseball cap she embroiders . Her production sheet is shown . What is her total pay for the week ? Date 3/05 3/06 3/07 3/08 3/09 3/10 Hat s 52 48 53 44 36 41
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7 . An accountant makes $ 57,000.00 per year . What is the monthly salary ?
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8 . Write 12.34 % as a decimal .
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9 . Johnathan 's salary for a four - week period was $ 7,396.00 . What is the weekly salary ?
A. 1,850
B. 1,800 .
C. 1,849
D. 7,396
E. 1,738
10 . If a job has salary of $ 470 a week , how much would it pay for a year ?
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11 . A real estate agent makes 8 % straight commission on each sale . What is the commission on the sale of a $ 425,000.00 .
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12 . A car salesman makes 10 percent commission on the first $ 10,000 and 12 percent on all sales over $ 10,000 . How much commission will be earned on $ 22,500.00 in sales ?
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13 . Write the remainder as a fraction 17,453 ÷ 23
A. 23 9
B. . 83
C. 5 1
D. 23 19
E. 2 1
14 . Thomas gets paid by commission based on sales . He earns 3.5 % on the first $ 3,000 , 9 % on the next $ 5,000 , and 14 % on sales over $ 8,000 . Last month he sold $ 13,000 worth of merchandise . What is his total commission ?
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15 . The gross weekly pay is $ 424 . His earnings to date for the year total $ 11,700 What amount is deducted from her pay this week for Social Security , which is taxed at 6.4 percent ?
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16 . Write the answer in lowest terms . 12
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17 . Market Systems provides medical coverage through a group medical plan for employees . The annual cost of the family membership is $ 7,250 The company pays 49 percent of the cost How much do the employees contribute for medical insurance .
A. $ 7,250
B. $ 3,552.50
C. $ 0
D. $ 3,697.50
E. $ 3,625
18 . Write 0.00537 as a percent .
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19 . 228 % of what number is $ 364.80
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20 . What is the average monthly expenditure ? Month January February March Expenditure $ 2,578.36 $ 2,412.85 $ 2,819.97
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21 . The monthly budget allows for $ 570 for household expenses . During March and April the garage was remodeled and $ 2371.85 was spent . How much did they overspend ?
A. $ 1,801.85
B. $ 1,231.85
C. $ 1,140
D. $ 2,371.85
E. $ 0
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Elementary and Intermediate Algebra
Tussy/Gustafson
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Consumer Business Mathematics Midterm Exam Answers
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