Exam 1: Review and Applications of Basic Mathematics

130½% of $455 is what amount accurate to the cent?

A sales representative is paid the greater of $950 or 8% of sales. At what volume of sales will he start to earn more from the commission-based compensation?

Evaluate $\$ 750\left(1-.0575 \times \frac{150}{365}\right)$

Evaluate (8 - 5 ¸ 2) ¸ (12 × 3 - 6) =

Recognizing the quantities sold, what was the average selling price per unit?

Evaluate (2 - 3 × 4)² - 5 × (5 - 6)² =

Evaluate the following: 81 /(5² - 16) - 4(2³ - 13)

Evaluate the answer .: 3(6 + 4)² - 5(17 - 20)²

Mike has a credit card debt of $7,000 at a rate of 14%, a car loan of $10,000 at 8% and a $250,000 mortgage at a rate of 6.5%. His average interest rate is 6.9%

Evaluate the answer correct to the cent: $\frac{\$ 200}{1+0.09 \times \frac{4}{12}}$

To attract shoppers, retailers occasionally advertise something like "Pay no HST!" Needless to say, neither the federal nor the provincial government is willing to forego its sales tax. In this situation, the retailer must calculate and remit the HST as though the "ticket" price already includes these sales taxes. How much HST must a Newfoundland retailer report on a $629 item that he sells on a Pay-No-HST basis?

The balance on Nucorp's revolving loan began the month at $35,000. On the eighth of the month another $10,000 was borrowed. Nucorp was able to repay $20,000 on the 25^th of the 31-day month. What was the average balance on the loan during the month? (Use each day's closing balance as the loan balance for the day.)

Evaluate the answer .: [(20 + 8 × 5) - 7 × (- 3)]÷ 9

The following fraction has a terminating decimal equivalent form. Express its decimal and percent equivalent forms to five-figure accuracy: $\frac{37.5}{50}$

Evaluate the answer correct to the cent: $700 (1 + 0.05)³

Last month, Inessa made 3 orders to replenish inventory. Her first order was for 400 units at $15.25; the second order was for 300 units for $16.50 and the last order was for 525 units at $17.80. The average price of the units is $16.40.

$135 is what percent of $2,750?

Marion receives a monthly base salary of $1,000. On the first $10,000 of sales above her monthly quota of $20,000, she is paid a commission of 8%. On any additional sales, the commission rate is 10%. What were her gross earnings for the month of August, in which she had sales amounting to $38,670?

Determine the final value of $1,800\left[\frac{1+\frac{1}{(1+.04)^{3}}}{.04}\right\rfloor$

One year ago, Ming allocated the funds in her portfolio among five securities in the proportions listed below. The rate of (total) return on each security for the year is given in the third column of the table. Calculate the rate of return for the entire portfolio.