Topic Test Answers

The book store is having a sale where all hardcover books are 20% off. Jamie also has a coupon for 15% off any fiction book. Jamie buys a hardcover fiction book that is priced $32.99. How much will Jamie save by buying the book on sale and using the coupon? a.$10.56b.$11.55c.$13.20d.$19.79

Mrs. Torres goes out of town on a business trip. She spends 3 nights in a hotel at a charge of $80 per night. She pays 9% tax on the room and tips the maid service 10% of the room charge. Mrs. Torres also has meals worth $109.30 before tax and she tips 15%. If the total cost of her trip is $420.04, approximately what tax rate does Mrs. Torres pay on her meals?a.6%b.7%c.8%d.9%

The Long family spent $38.62 for school supplies and $215.78 for new school clothes. They paid % sales tax on their purchases. If the Long family paid $269.07 total, determine if they paid the correct amount.a.The Long family paid $2.63 too little for their purchases.b.The Long family paid the correct amount for their purchases.c.The Long family paid $1.61 too much for their purchases.d.The Long family paid $2.63 too much for their purchases.

Predict how much money can be saved without having a negative actual net income.Monthly BudgetBudgeted AmountActual AmountIncome Wages$1025$675Expenses Rent Utilities Food Cell Phone Savings $300$100$175$75$300$300$100$200$75$____Net Income$75$____a.It is not possible to save any money this month without having a negative actual net income.b.$350 can be saved resulting in an actual net income of $0.c.$200 can be saved resulting in an actual net income of $75.d.Because there is a $75 budgeted net income, that $75 can be put towards savings.

Marco is reconstructing his expenses for the past two weeks. Here are the records of his expenses:TransactionCost ($)T-shirt20Gas22Movie13Video game39Jeans34Hat15Books31Marco’s bank statement says that he has an ending balance of $81. What is Marco’s starting balance?a.$255b.$93c.$174d.$210

Using the following prices, calculate the unit price to determine how much it would cost for 7 muffins and 14 juice boxes.$7.74 for 6 muffins$5.52 for 8 juice boxesa.$18.69b.$19.89c.$21.91d.$26.52

Analyze the following budget, with an income of $750, to determine how much can be spent on food for the month. Month________Budgeted AmountFood$___Personal Items$20Cell Phone $75Entertainment$85Car Expenses – Gas, Insurance$260College Savings$250a.No more than $70 can be spent on food.b.No more than $75 can be spent on food.c.No more than $80 can be spent on food.d.No more than $60 can be spent on food.

Enzel goes online to buy a graphing calculator. He finds a site that currently has a promotion of 15% off on all orders over $50. Enzel decides to buy his graphing calculator, with a price tag of $83, at this site because he knows that he will get the 15% discount when he checks out. Enzel pays 4.5% sales tax on the discounted price and pays a shipping fee of $6.35. What is the total of Enzel’s online purchase?a.$80.07b.$80.36c.$86.74d.$93.09

Given the following information, choose the brand that is the better buy.Brand A: $2.16 for 18 ounces Brand B: $1.50 for 12 ounces Brand C: $2.26 for 20 ounces Brand D: $1.95 for 16 ouncesa.Brand Ab.Brand Bc.Brand Cd.Brand D

Ben and his housemates signed a lease for an apartment for 12 months for $563 per month of which Ben agreed to pay $215 per month. Which of the following statements best gives the reasons that Ben’s rent payment is an essential (fixed) expense? a. It cannot be eliminated in a later budget, in order to save money. b. Living expenses have a higher priority than any other type of expense. c. The spender controls the amount of the rent by choice of apartment. d. He agreed to pay the same amount every month. Please select the best answer from the choices provided

Which of the following is used by a seller to deceive a buyer?a.bait and switchb.contestc.displayd.introductory offer

Antonio is ready to move out of his parent's house and live on his own. He found a great apartment that has all utilities included. His job as an assistant plumber requires him to have a car, but his hours are flexible enough to give him time on the weekends to have fun with his friends. What is the best way Antonio's budget can be modified to help him save enough for the $200 down payment and make the $500 monthly rental payment? Monthly Budget Old Budget New Budget Income Wages $1500 $1500 Expenses Food Cell Phone Savings Entertainment Car Expenses . $250 $175 $200 $200 $300 . $____ $____ $____ $____ $____ Net Income $375 $____ a. Antonio could keep his budget the same and hope he gets a raise at work. b. Antonio could reduce his monthly entertainment expenses by $100 to help pay the monthly rent. He could take $200 out of savings once for the deposit. c. Antonio could live at his parent’s house for one more month and save his net income. After one month of living at home, he would have enough additional money for the deposit and one year’s rent at the apartment. d. Antonio could reduce his monthly entertainment expenses by $75 and his food expenses by $50 to pay the monthly rent. He could take $200 out of savings once for the deposit. Please select the best answer from the choices provided