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

Quiz Questions



1

–3(3a – 1)(2a + 2) =
A)6a + 4a – 2
B)–9a2 + 6a
C)–18a2 – 12a + 6
D)–54a2 – 36a + 18
E)54a2 + 36a – 18
2

(–4a3 + 12a4b2 – 2a2b3) ¸(–2ab) =
A)–2a2b + 6a3b – ab2
B)
 2a2
b		 – 6a4b2 + a2b3
C)
 4a2
b		 – 12a3b + 2ab2
D)
 2a2
b		 – 6a3b + ab2
E)–4a3 – 6a3b + ab2
3

Evaluate: Ré (1 + i)n – 1 
i		ù
ëû
for R = $325, n = 30, and i = 0.05
A)$28,092.63
B)$66.44
C)$1,404.63
D)$97.83
E)$21,592.63
4

( 1 
8		)9 ¸ ( 1 
8		)7 =
A)
  1  
64
B)
    1    
64,000
C)64
D)
( 1 
8		)63
E)
  1  
16
5

Solve for x:  – 5 
6		x –  5 
30		x =  1 
5		(x + 10)
A)
–1 2 
3
B)
–2 1 
2
C)
– 5 
18
D)
– 50 
151
E)
–2 2 
3
6

Solve for x: –x – 5.6 = –3x + 0.2x
A)
1 1 
14
B)1.08
C)2.8
D)3.11
E)2
7

Solve for y: 3y + 50% of y = 1050
A)344.26
B)300
C)350
D)35
E)420
8

Solve for r:  ræ1 – 0.3 x  16 
40		ö +           4r          
(1 – 0.3 x 16/40)		 = 1000
èø
A)200.00
B)220.00
C)220.26
D)68.65
E)184.32
9

An item was sold for $49.95. The selling price included a markup of 80% of the cost to the store. What was the cost of the item?
A)$62.44
B)$39.96
C)$25.87
D)$27.75
E)$9.99
10

A company laid off one-twelfth of its employees. If the number of employees before the layoff was 2544, how many employees were laid off?
A)2332
B)30,528
C)2775
D)231
E)212
11

John and Jill agree to form a partnership. The partnership agreement requires that John invests $7000.00 less than one-half of what Jill is to invest. If the total investment of both is $125,000.00, how much is Jill's investment?
A)$88,000.00
B)$37,000.00
C)$78,666.67
D)$46,333.33
E)$74,393.33
12

Last month's budgeted sales of $55,000.00 were 30% of actual sales. What were the actual sales?
A)$78,571.43
B)$93,500.00
C)$38,500.00
D)$183,333.33
E)$71,500.00
13

The price of milk is 200% higher today than it was 15 years ago. If the price 15 years ago was 48¢ per litre, what is the price today?
A)$1.44
B)24¢
C)96¢
D)32¢
E)40¢
14

A building's insurance premium of $1650 is 0.05% of the face value. The face value is 75% of the building's market value. What is the building's market value?
A)$2,475,000
B)$33,000
C)$3,300,000
D)$4,400,000
E)$44,000
15

One thousand shares of Laidlaw Inc. were purchased at $8.75 per share. The share price rose 215% in the first year after purchase, dropped 40% in the second year, and then dropped another 20% in the third year. What is the price per share at the end of the third year?
A)$13.23
B)$8.75
C)$7.00
D)$9.03
E)$11.03




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