Exam 1: Review of Arithmetic

The following information is shown in your investment account for last year. The balance on January 1 was $6200.00. A withdrawal of $880.00 was made on March 1. A deposit of $1600.00 was made on May 1 and another deposit of $320.00 was made on September 1. What was the average monthly balance for the year in your account?

Express the following as a percent: 4.55

A sales representative selling computer parts receives a commission of 3.5% on net sales up to $15 000.00, 7% on the next $6000.00, and 9% on any further sales. If his sales for a month were $34 250.00 and sales returns were $1055.00, what was his commission for the month?

Convert this fraction into the decimal form. If appropriate, place a dot above a decimal number to show that it repeats:

Express the following as a percent:

Simplify: 30 + 8 - 6

Mohammad is paid a weekly commission of 2% on net sales of $6000.00, 4% on the next $3 000.00 and 6.25% on all further sales. His gross sales for a week were 11 160.00 and sales returns and allowances were $120.00. a) Calculate his gross earnings for the week. b) Calculate the average hourly rate of pay for the week if he worked 40 hours.

Calculate the property tax on a property located in the City of Brampton and assessed at $326 500 if the current tax rate is 1.05351%.

Determine the amount of provincial sales tax in Manitoba after purchasing an electric key board for $179.

Spade Realty sold lots for $17 120 per hectare. What is the total sales value if the lot sizes, in hectares, were 5 3/4, 7 1/3, 5 5/8, and 4 1/6?

Simplify: 44[(9 ÷ 3) + 72 - 6 × 2.5 - 19] - [42 - 3(77 ÷ (3.5 × 2)) - 9]

Last week Dana worked 46 hours. For the regular workweek of 40 hours she is paid $12.40 per hour, and for every hour over 40 hours she is paid at time and one-half regular pay. How much did she earn last week?

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.

Simplify: 2[4² - 3 × 12 + 4(7 - 9 × 50)] + (6 + 9⁴)

Samir plans to sell his 2400 sq. ft. bungalow in Whitby for $389 000 and buy a similar-sized house in Oshawa for $369 000. Whitby charges the property tax at the mill rate of 13.59815, whereas Oshawa charges the property tax at the mill rate of 16.18347. What will be his net property tax penalty/saving?

An employee at a nuclear power plant in New York has an annual salary of $143 000 and is paid every two weeks. The employee works twenty days in a month, five days in a week, and eight hours in a day. (Assume 52 weeks in a year) a) What is the gross pay per pay period? b) What is the employee's hourly rate of pay?

You are supposed to teach 15 credit hours per week per term for a tri-mester school year. Anything above is considered to be overtime and is compensated at time and one-half you regular rate of $27.13 per hour. You work the following credit hours. How much total overtime, for the entire term, does your employer owe you at the end of the third term (assume that you were not paid any overtime in terms one and two and that the term is 15 weeks long)?

Sarah receives a semi-monthly salary of $933.20 and works a regular workweek of 40 hours. a) What is Sarah's hourly rate of pay? b) If Sarah's gross earnings in one pay period were $1090.19, for how many hours of overtime was she paid at time and one-half regular pay?

Last week April worked 44 hours. She is paid $11.20 per hour for a regular workweek of 40 hours and overtime at time and one-half regular pay. a) What were April's gross wages for last week? b) What is the amount of the overtime premium?

In the first term, Sam's courses and grades were as follows: Calculate Sam's Grade Point Average (GPA).