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QUESTION

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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