Exam 1: Review of Arithmetic

Corrine Davis had gross earnings of $937.50 for the week. If she receives a base salary of $664.00 on a quota of $7800.00 and a commission of 6.75% on sales exceeding the quota, what were Corrine's sales for the week?

Extend and total the following invoice. Quantity Description Unit Price Amount 77 Item A $0.65 __________ 208 Item B $83 __________ 621 Item C $1.19 __________ 414 Item D $1.95 __________ Total __________

Emily's residence is assessed by the local taxation department at $249 500.00. Calculate the property taxes paid on this property if the existing mill rate is 15.

Purchases of an inventory item during last month were as follows: Number of items Unit price 5 $5.00 10 $8.00 8 $6.00 15 $3.00 What was the weighted average price per item?

Calculate the weighted-average cost of the following inventory purchases: Date Quantity Purchased Cost per Unit Total Amount May 4 33 $12.25 May 11 41 $13.87 May 29 37 $11.99

A store located in Penticton, B.C., sells a computer for $2 975.00 plus HST. If the same model is sold at the same price in a store in Thunder Bay, Ontario, what is the difference in the prices paid by consumers in the two stores?

Your full-time job pays you a bi-weekly salary of $2 963.56. In addition to this position you have been working part-time for the last 15 months and earn $500 semi-monthly. You have other payments that total $14 400 per year. What is the maximum monthly amount that your payments can be towards a house purchase? Assume that property taxes and heating costs are included in the $14 400.

Simplify:

A town has a total residential assessment of 900 million dollars. The town must meet expenditures of 45 million dollars. a) If 90% of the expenditures are charged against residential real estate, calculate then total property taxes that must be raised. b) Calculate the mill rate. c) Calculate the property tax on a property assessed at $235 000.00

Alicia Helm of Wawanesa, Manitoba, bought a ring for $5 700. Since the jeweler is shipping the ring, Alicia must pay a shipping charge of $30.00. She must also pay PST and GST on the ring. Find the total purchase price of Alicia's ring.

Sean's residence is assessed by the local taxation department at $160 000. Calculate the property taxes paid on this property if the existing mill rate is 20.

Change 0.2% into a fraction.

A salesperson receives a weekly base salary of $800.00 on a quota of $2 900. On the next $2100, she receives a commission of 14%. On any additional sales, the commission rate is 19%. Find her gross earnings for a week in which her sales total $8455.

Barb's Home Income Tax business operates only during tax season. Last season Barb grossed $38790 including GST. During that season she spent $9 500 before GST on her paper and supply purchases. How much does Barb owe Revenue Canada for GST?

Evaluate: 395(2 + .15 ∗ 290/365)

A retailer returned 300 defective items to the manufacturer and received a credit for the retail price of $0.75 less a discount of 1/3 of the retail price. What was the amount of the credit received by the retailer?

Calculate the final answer for the following expression: (53 + 22) ÷ 20

Carla is paid a semi-monthly salary of $1 870.80. Her regular workweek is 40 hours. Overtime is paid at time and one-half regular pay. a) What is Carla's hourly rate of pay? b) What is Carla's gross pay if she worked 7 1/2 hours overtime in one pay period?

Noriko's final mark for her Financial Mathematics course was based on four tests with different weightings. Test one counted for 10% of the final grade, test two for 20%, test three for 30% and test four for 40%. If Clara received 70% on test one, 85% on test two, 64% on test three and 72% on test four, calculate her final mark.

Three workers worked 10 , 15 , 20 hours respectively. What was the total cost of labor if the workers were paid $20.00 per hour?