The installment price of a food processor is $379.48 with 18 monthly payments and a down payment of $40. Find the monthly payment.
The installment price of a food processor is $379.48 with 18 monthly payments and a down payment of $40. Find the monthly payment.
a | 339.48 |
b | $0.52 |
c | 39.48 |
d | 18.86 |
A mountain bike has a cash price of $690.00. Eric purchases the bike by making a down payment of $69.00 and 24 payments of $38.74. Find the finance charge.
a | 69.00 |
b | 621.00 |
c | 308.76 |
d | $310.50 |
Find the maturity value of a loan of $6787 after 4 months. The loan carries a simple interest rate of 14% per year.
a | 7024.55 |
b | 7103.73 |
c | 7182.91 |
d | $7106.39 |
How much interest will have to be paid on a loan of $10,138 for 7 months at a simple interest rate of 13.3% per year?
a | 786.54 |
b | $898.90 |
c | 793.15 |
d | 674.18 |
Mai earns a gross weekly income of $464.00. How much Social Security tax should be withheld the first week of the year? How much Medicare tax should be withheld? Assume a 4.2% FICA rate and a 1.45% Medicare rate. Round to the nearest cent.
a | Social Security tax = $20.49 Medicare tax = $7.73 |
b | Social Security tax = $19.49 Medicare tax = $6.73 |
c | Social Security tax = $194.90 Medicare tax = $67.28 |
d | Social Security tax = $1.95 Medicare tax = $0.67 |
Steve Nyren is paid on a salary-plus-commission basis. He receives $488 weekly in salary and a commission based on 1.1% of all weekly sales over $15,000. If he sold $23,700 in merchandise in one week, find his gross earnings for the week.
a | 748.70 |
b | 1445.00 |
c | $95.70 |
d | 583.70 |
An item has a 30.1% markup based on selling price. What is the equivalent markup percent based on the cost?
a | 23.1% |
b | 43.1 |
c | 76.9 |
d | 56.9 |
Cost = $48.19; selling price = $58.79. Find the markup and the rate of markup based on the selling price.
a | Markup = $21.20 Rate of markup based on selling price = 22.0% |
b | Markup = $10.60 Rate of markup based on selling price = 82.0% |
c | Markup = $21.20 Rate of markup based on selling price = 51.8% |
d | Markup = $10.60 Rate of markup based on selling price = 18.0% |
An invoice for a laptop computer that cost $625.68 is dated September 15, with sales terms of 3/10 EOM. If the bill is paid October 8, find the cash discount and net amount paid.
a | Cash discount: $18.47; net amount: $614.68 |
b | Cash discount: $0; net amount: $625.68 |
c | Cash discount: $18.77; net amount: $ $606.91 |
d | Cash discount: $62.57; net amount: $563.11 |
The list price of a keyboard is $796. If the trade discount series offered is 5/10/15, what is the trade discount?
a | 238.80 |
b | 557.20 |
c | 578.49 |
d | $217.51 |
The store where Anna-Marie is a salesperson offers a trade discount series of 20/15 on any clothes bought at the store. Use the single discount equivalent to calculate the trade discount for a $106 sweater.
90.10 |
$33.92 |
72.08 |
68.90 |
10 years ago
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