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1. Suppose you own stock in National Advertising which had earnings of $2.50 per share last year. If yesterday's closing price was $41.50, what is

1. Suppose you own stock in National Advertising which had earnings of $2.50 per share last year. If yesterday's closing price was $41.50, what is the price-earnings ratio of the stock? (Round to the nearest whole number)

2. Lakeesha bought 300 shares of stock at $48.25 per share. Her broker charges 3% commissions for round lots and 4% for odd lots. Calculate the total cost of the stock purchase.

3. Jenny buys a dining table costing $695.95. The store charges $45 for delivery. State taxes are 6.5% and local sales taxes are 1.5%. What is the total purchase price?

4. Alex buys a Blu-ray disc costing $14.29. Use the table below to find the sales tax on this item.

Amount of Sale

Tax

13.70 13.89

.69

13.90 14.09

.70

14.10 14.29

.71

14.30 14.49

.72

14.50 14.69

.73

14.70 14.89

.74

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