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Business Math Chapter Test 1
97 × 100,000 equals 9,700,000 Janet Woo received the following grades in an accounting class at McLennan Community College: 65, 80, 70, 100, 75, and 90. The instructor said he would drop the lowest grade. What is Janet's average? 93 80 + 70 + 100 + 75 + 90 - 65 / 5 = 93 Lee Co. carpeted its offices, requiring 310 square yards of commercial carpet. The total cost of the carpet at Home Depot was $10,230. How much did Lee pay per square yard? $33 At Best Buy a flat screen television with a regular price of $1,790 was reduced by $395. Assuming 800 customers purchased the television, what were the total sales to Best Buy? $1,116,000 At a General Electric Plant, they produced 12,000 jet engines in May. General Electric was able to sell 11,000 of these engines. Calculate the total ending inventory cost assuming each engine cost $290,000. $290,000,000 True Value Hardware buys 200 snow blowers for $90 each to stock the store for the winter. If True Value sells the 200 snowblowers at $120 each, what is the profit? (sales - cost) $6,000 On Tuesday, Pizza Hut sold 60 plain pizzas at $5 each; 20 meatball pizzas at $8 each; 25 Sicilian pizzas at $9 each; and 33 large crust supremes at $10 each. What were the total dollar sales for Pizza Hut on Tuesday? $1,016 Pete Hax rents a ski house in Vail for $1,800 per month for six months. Assuming Pete spends $12,955 for the total trip, how much was spent above the renting of the ski house? $2,155 Sally Ray borrowed $38,000 to buy a new Chevy Volt. Assuming an interest charge of $4,100, what will be her monthly payment if she takes 25 months to repay the loan interest. Assume the loan is repaid in equal payments. $1,684 Eric Rose wants to buy a Ford Explorer that costs $26,000 with an interest charge of $3,000. If there are 50 equal payments required, what will Eric's monthly payment be? $580 5,986 in verbal is written as five thousand and nine hundred eighty-six. False The first step in rounding is to identify the place value of the digit to be rounded. True 586 rounded to the nearest ten is 580. False In subtraction the minuend is the smaller number. False Divisor + quotient + remainder = dividend. False 19,810 rounded to the nearest hundred is: 19,800
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97 x 100,000 equals: 9,700,000 At Best Buy a flat screen television with a regular price of $1,790 was reduced by $395. Assuming 800 customers purchased the television, what were the total sales to Best Buy? $1,116,000 1,790 - 395 x 800 Eric Rose wants to buy a Ford Explorer that costs $26,000 with an interest charge of $3,000. If there are 50 equal payments required, what will Eric's monthly payment be? $580 708,000 divided by 3,000 equals: 236 Adding is always done from bottom to top False The multiplicand times the product equals the multiplier. False True Value Hardware buys 200 snow blowers for $90 each to stock the store for the winter. If True Value sells the 200 snow blowers at $120 each, what is the profit? (sales - cost) $6,000 Sales - Costs On Tuesday, Pizza Hut sold 60 plain pizzas at $5 each; 20 meatball pizzas at $8 each; 25 Sicilian pizzas at $9 each; and 33 large crust Supremes at $10 each. What were the total dollar sales for Pizza Hut on Tuesday? $1,015 |
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