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1. MA101 Consumer Math (03-MAY-17 - 27-JUN-17 [18630])  

 

2. Week 2 "Discounts"

 

3. Take Test: W2 Quiz

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MA101 Consumer Math (03-MAY-17 - 27-JUN-17 [18630])

· Course Home Page

· Course Study Guide

· Announcements

· Instructor Information

· Supplemental Material

· Syllabus

· Help

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· Course Content

· Ask the Instructor: Asynchronous Office Hours

· Week 1 "Bank Records"

· Week 2 "Discounts"

· Week 3 "Interest"

· Week 4 "Credit and Loans"

· Week 5 "Earnings"

· Week 6 "Taxes"

· Week 7 "Financial Statements"

· Week 8 "Final"

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· Discussions

· My Grades

Take Test: W2 Quiz

 

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Test Information

Description
Instructions
Multiple Attempts	Not allowed. This test can only be taken once.
Force Completion	This test can be saved and resumed later.

 Question Completion Status:

QUESTION 1

1. Choose the one alternative that best completes the statement or answers the question. Solve the problem.

Find the trade discount on a bicycle that lists for $80.95 if a discount rate of 15% is offered. Round to the nearest cent.

		$11.64
		$68.81
		$68.31
		$12.14

10 points   

QUESTION 2

1. Choose the one alternative that best completes the statement or answers the question. Solve the problem.

Find the net price of a bicycle that lists for $82.95 if a discount rate of 15% is offered. Round to the nearest cent.

		$12.69
		$12.44
		$70.51
		$70.76

10 points   

QUESTION 3

1. Choose the one alternative that best completes the statement or answers the question. Solve the problem.

Calculate the trade discount for 3 chairs if the unit price is $39 and a single trade discount of 6.25% is allowed. Round to the nearest cent.

		$41.44
		$7.31
		$73.13
		$2.44

10 points   

QUESTION 4

1. Choose the one alternative that best completes the statement or answers the question. Solve the problem.

Find the net price of a ring that lists for $316.50 if a discount rate of 15% applies.

		$269.03
		$47.48
		$48.48
		$270.03

10 points   

QUESTION 5

1. Choose the one alternative that best completes the statement or answers the question. Solve the problem.

The list price of a double roll of wallpaper is $32 . Use the net price rate to calculate the net price of a double roll of wallpaper if the discount rate is 30%.

		$23.40
		$9.60
		$10.60
		$22.40

10 points   

QUESTION 6

1. Choose the one alternative that best completes the statement or answers the question. Solve the problem.

A recording studio purchased new sound equipment for a total of $50,500.00. The order has a trade discount of 10%.Use the net price rate to calculate the net price of the equipment.

		$505.00
		$45,450.00
		$49,995.00
		$5050.00

10 points   

QUESTION 7

1. Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent.

Cost = $5.22; Selling price = $10.35. Find the markup.

		Markup: $10.35
		Markup: $5.13
		Markup: $15.57
		Markup: $5.22

10 points   

QUESTION 8

1. Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent.

Markup = $16.15; Selling price = $95.00. Find the cost.

		Cost: $16.15
		Cost: $95.00
		Cost: $78.85
		Cost: $111.15

10 points   

QUESTION 9

1. Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent.

A store manager paid $113 for an item and set the selling price at $132.21. What was the percent markup based on cost?

		16%
		14%
		17%
		15%

10 points   

QUESTION 10

1. Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent.

The Oak House had a markup of $24.87 on an oak table that they sold for $88.99. Find the cost and the percent of markup.

		$64.12, 38.8%
		$64.12, 27.9%
		$113.86, 21.8%
		$88.99, 27.9%

10 points   

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