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%