Exam 2: Review of Basic Algebra
Exam 1: Review of Arithmetic144 Questions
Exam 2: Review of Basic Algebra274 Questions
Exam 3: Ratio, Proportion, and Percent210 Questions
Exam 4: Linear Systems94 Questions
Exam 5: Cost-Volume-Profit Analysis and Break-Even47 Questions
Exam 6: Trade Discounts, Cash Discounts, Markup, and Markdown170 Questions
Exam 7: Simple Interest132 Questions
Exam 8: Simple Interest Applications87 Questions
Exam 9: Compound Interest - Future Value and Present Value172 Questions
Exam 10: Compound Interest - Further Topics77 Questions
Exam 11: Ordinary Simple Annuities104 Questions
Exam 12: Ordinary General Annuities104 Questions
Exam 13: Annuities Due, Deferred Annuities, and Perpetuities182 Questions
Exam 14: Amortization of Loans, Residential Mortgages, and Sinking Funds132 Questions
Exam 15: Bond Valuation87 Questions
Exam 16: Investment Decision Applications78 Questions
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After a reduction of
of the selling price, a VCR was sold for $470.00. Determine the regular selling price.

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Correct Answer:
Let the regular price be y.
Then reduction in price is y.
y - y = 470
y = 470
y = $506.15
The regular selling price is $506.15.
Solve: x - 0.75x = 9.00
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(Short Answer)
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Correct Answer:
x - .75x = 9.00, .25x = 9.00, x = 36.00
A clothing store sells fancy hats at a gross margin of $3.50 each and ordinary hats at a gross margin of $5.00 each. During July, 110 hats were sold for a total gross margin of $460.00. How many fancy hats were sold?
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The local amateur soccer club spent $1640 on tickets to a professional hockey game. If the club bought 2.5 times as many eight-dollar tickets than the number of twelve-dollar tickets and four fewer fifteen-dollar tickets than 7/10 the number of twelve dollar tickets, how many of each type of ticket did the club buy?
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The rapper Drake hosts a concert at the Air Canada Center, where the ticket price is $240. However, the price of the individual ticket includes the 13% HST. What is the original price of the ticket, excluding the HST?
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