Quiz 2

    Question 1

    1. choose theone alternative that best completes the statement or answers the question. Solve the problem.

      Find the trade discount on a bicycle that lists for $80.95 if a discount rate of 15% is offered. Round to the nearest cent.

       

      $11.64

       

      $68.81

       

      $68.31

       

      $12.14 

       

      10 points  

      Question 2

      1. Choose the one alternative that best completes the statement or answers the question. Solve the problem.

        Find the net price of a bicycle that lists for $82.95 if a discount rate of 15% is offered. Round to the nearest cent.

         

        $12.69

         

        $12.44

         

        $70.51

         

        $70.76 

         

        10 points  

        Question 3

        1. choose theone alternative that best completes the statement or answers the question. Solve the problem.

          calculatethe trade discount for 3 chairs if the unit price is $39 and a single trade discount of 6.25% is allowed. Round to the nearest cent.

           

          $41.44

           

          $7.31

           

          $73.13

           

          $2.44 

           

          10 points  

          Question 4

          1. Choose the one alternative that best completes the statement or answers the question. Solve the problem.

            Find the net price of a ring that lists for $316.50 if a discount rate of 15% applies.

             

            $269.03

             

            $47.48

             

            $48.48

             

            $270.03

             

            10 points  

            Question 5

            1. Choose the one alternative that best completes the statement or answers the question. Solve the problem.

              the listprice of a double roll of wallpaper is $32 . Use the net price rate to calculate the net price of a double roll of wallpaper if the discount rate is 30%.

               

              $23.40

               

              $9.60 

               

              $10.60

               

              $22.40

               

              10 points  

              Question 6

              1. Choose the one alternative that best completes the statement or answers the question. Solve the problem.

                A recording studio purchased new sound equipment for a total of $50,500.00. The order has a trade discount of 10%.Use the net price rate to calculate the net price of the equipment.

                 

                $505.00

                 

                $45,450.00

                 

                $49,995.00 

                 

                $5050.00 

                 

                10 points  

                Question 7

                1. Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent.

                  Cost = $5.22; Selling price = $10.35. Find the markup.

                   

                  Markup: $10.35

                   

                  Markup: $5.13

                   

                  Markup: $15.57 

                   

                  Markup: $5.22 

                   

                  10 points  

                  Question 8

                  1. Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent.

                    Markup = $16.15; Selling price = $95.00. Find the cost.

                     

                    Cost: $16.15 

                     

                    Cost: $95.00 

                     

                    Cost: $78.85 

                     

                    Cost: $111.15

                     

                    10 points  

                    Question 9

                    1. Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent.

                      A store manager paid $113 for an item and set the selling price at $132.21. What was the percent markup based on cost?

                       

                      16%

                       

                      14%

                       

                      17%

                       

                      15% 

                       

                      10 points  

                      Question 10

                      1. Solve the problem. Round amounts to the nearest cent and percents to the nearest tenth of a percent.

                        The Oak House had a markup of $24.87 on an oak table that they sold for $88.99. Find the cost and the percent of markup.

                         

                        $64.12, 38.8%

                         

                        $64.12, 27.9%

                         

                        $113.86, 21.8%

                         

                        $88.99, 27.9% 

                         

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