McGraw-Hill OnlineMcGraw-Hill Higher EducationLearning Center
Student Centre | Instructor Centre | Information Centre | Home
Interactive Charts
Additional Material
Formula Sheet
TI BAII+ Walkthrough
Glossary
Interactive Exercises
Interactive Lessons
Errata
Additional Exercises
Improve Your Grades!
Unit Conversion Table
Lyryx Assessment
Learning Objectives
Quiz Questions
Internet Application Problems
Web Links
Key Terms & Glossary
PowerPoint Slides
Feedback
Help Center


Business Mathematics in Canada 4e
Business Mathematics in Canada, 4/e
F. Ernest Jerome
Review and Applications of Basic Mathematics

Quiz Questions



1

6 2 
3		 ÷ 3 1 
12		 =
A)
2 5 
12
B)
2 3 
40
C)
20 5 
9
D)
9 11 
12
E)
2 6 
37
2

[(–3)3]2 =
A)81
B)243
C)729
D)–243
E)6561
3

14 – (30 x 2) + 4 x 8 – 2 =
A)–16
B)16
C)–22
D)22
E)104
4

(14 – 4) x 3 – 7 =
A)–40
B)40
C)23
D)5
E)9
5

2(5 + 3)2 – 6(13 – 16)2 =
A)182
B)10
C)146
D)110
E)74
6

Simplify:      $25,000    
æ1 + 0.15
12		ö15
ç÷
èø
A)$0.13
B)$7.67
C)$20,749.83
D)$2,000,000
E)$191,251.06
7

A piece of property valued at $48,000 is assessed at 80% of this value for property tax purposes. If the tax rate is $2.75 on each $100 of assessed value, what is the amount of property tax?
A)$38.40
B)$3840
C)$1320
D)$1056
E)$1396.36
8

Susan's annual salary of $33,916.09 is paid weekly based on 52 pay periods in a year. What would be her hourly overtime rate at time-and-a-half if her regular workweek is 37.5 hours?
A)$17.33
B)$26.09
C)$26.00
D)$34.67
E)$8.67
9

John has an annual salary of $40,000.00. He is paid biweekly and his regular workweek is 40 hours. What is his regular salary per pay period? Assume 26 pay periods in a year.
A)$1458.33
B)$1538.46
C)$3076.92
D)$3333.33
E)$1666.67
10

Jane's portfolio and rates of return over the last year are as follows: 28% invested in Company A earning a 20% return, 58% invested in Company B earning a 30% return, and 14% invested in Company C which resulted in a loss of 75%. What is the rate of return for the entire portfolio?
A)12.50%
B)33.33%
C)4.17%
D)33.50%
E)8.33%
11

What is the average cost per litre of the following: 25 litres at 44.9¢ per litre, 125 litres at 54¢ per litre and 40 litres at 52.5¢ per litre?
A)52.5¢
B)33.2¢
C)50.5¢
D)63.3¢
E)49.9¢
12

A salesman is paid the greater of $980 per week or 6% of his net sales. At what volume of net sales per week will he start to earn more from a commission-based compensation?
A)$15,353.34
B)$16,333.34
C)$17,313.34
D)$2613.33
E)$7840.00
13

Referring to the salesman in the previous question, what will be his earnings for a week in which gross sales are $11,280 and sales returns are $940?
A)$620.40
B)$1600.40
C)$676.80
D)$980.00
E)$1656.80
14

Carole is paid on a graduated commission scale of 2% on the first $10,000 of net sales in a month, 5% on the next $15,000, and 8% on all additional net sales in a month. What will she be paid for a month in which her net sales are $42,000?
A)$2310
B)$2100
C)$3360
D)$2610
E)$5970
15

Referring to Carole in the previous question, if she earns $3850 commission, what are her net sales?
A)$62,096.77
B)$61,250.00
C)$77,000.00
D)$73,333.33
E)$70,000.00




McGraw-Hill/Ryerson




Copyright2003 McGraw-Hill Higher Education
Any use is subject to the Terms of Use and Privacy Policy.
McGraw-Hill Higher Education is one of the many fine businesses of The McGraw-Hill Companies.