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Quiz 2
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 2Choose 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 3choose 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 4Choose 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 5Choose 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 6Choose 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 7Solve 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 8Solve 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 9Solve 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 10Solve 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%
