Exam 1: Review and Applications of Basic Mathematics

Evaluate the following accurate to the nearest cent:

Evaluate the following accurate to the nearest cent:

A stockbroker is paid 45% of the commission her firm charges her clients. If she personally received $134.55 on a $11,500 transaction, what is the firm's commission rate?

Determine the final value of

What percent of $5,000 is $675?

If you want four-figure accuracy in your answer, what minimum number of figures must be retained in the values used in the calculations?

The value of is 345.68

Jason earns $17.00 per hour for a forty-hour week. His overtime rate is 1 ½ times any hours exceeding forty in a week. What will Sam's gross earnings be for a week if he works 42.5 hours?

A provincial Minister of Education recently announced that his government's forecast expenditure of $32.4 billion on education next year represents 23.5% of the provincial budget. Rounded to the nearest million dollars, what is the province's total budget for the next year?

$4.50 is 0.0¾ % of what amount?

Convert the following fraction to its decimal equivalent and percent equivalent values, rounded to five figures:

Fifteen minutes is what percentage of 2 hours?

The final price of a LCD television was $2,016 that included 5% GST and 7% PST. The value of GST and PST were $90 and $126 respectively.

Express as a percent:

Nitin is paid on a graduated commission scale. He receives commission at the rate of 2.5% for the first $5,000 of sales in a week, 4% on the next $10,000, and 4.5% on all further sales. What is Nitin's average rate of commission in a week in which his sales are $30,000?

Evaluate the answer correct to the cent: 160 - 2[-4 ×32 + 125 ÷52 + 8(4 - ( - 3)]

Round the following to four-figure accuracy: 0.030405

$1.25 is ¾% of what amount accurate to the cent?

Sam buys a sweater listed at $100. How much will he pay for the sweater including taxes in: a) Ontario? b) Quebec? c) Alberta? d) Prince Edward Island?

Manfred is considering job offers of the same type of sales position from two retailers with similar product lines. Supreme Audio & Video is offering a base salary of $2,000 per month plus a 4% commission rate on sales. Buy-Right Electronics will pay him a base salary of $1,500 per month plus commission rates of 3% on the first $25,000 of sales and 6% on additional sales in a month. Based on past experience in sales positions, Manfred is confident he can attain average monthly sales of $55,000. At this level of sales, what would be his average gross earnings per month from each retailer?