PRACTICE EXERCISES

1. Aussie wants to buy a guitar for his son. The guitar cost $749.00, plus 7.5% sales tax. He wants to save and pay cash.

a. What is the sales tax on the guitar? ______________________________

b. What is the total cost of the guitar including sales tax? ________________________

c. If Bronson can save $70 per month, how long will it take to save the money? _____________

2. Remi is buying her dad's old car. She agrees to pay her dad $1000.00 for the car. Remi is paid every two-weeks. She agrees to pay her dad $50.00 each payday.

a. How many paychecks will she need to pay-off the car? ______________________

b. How many weeks will she have to work to pay-off the car? ___________________

3. Aussie want to go to Maine on summer vacation. The cost of the trip is $1250 for a week. He needs to save the amount over a 4-month period. How much will he have to save each month? ____________________

4. Bronson and Remi shared the cost of a fitness machine. The machine cost $1,295.00 plus 6% sales tax.

a. How much is the sales tax on the fitness machine? _____________________________

b. What is the total cost, including sales tax, of the fitness machine? __________________

c. How much will each person pay? ____________________________________

5. Lisa borrowed $950.00 from her dad. She agreed to pay her dad $50.00 per week. How long will it take Lisa to pay-off her loan? ______________________________________

Round to the nearest ten

1. 893 _______ 2. 1,641 _______ 3. 1,997 _______ 4. 407 _______

5. 45 ________ 6. 1,050 _______ 7. 111 _________ 8. 203 _______

Round to the nearest hundred

9. 893 _______ 10. 1,641 _______ 11. 1,997 _______ 12. 407 _______

13. 45 ________ 14. 1,050 _______ 15. 111 _________ 16. 203 _______

17. Bronson bought an outboard motor for $2,280.00 on an installment plan. The installment agreement included a 15% down payment and 20 monthly payments of $135.00 per month.

a. How much was the down payment? __________________________

b. What was the total of the installment payments? _____________________

c. What was the total cost of the outboard motor _______________________

d. How much was the finance charge? _________________________________

18. Lisa bought new appliances for her kitchen on an installment plan. The cost of the appliances was $1500 and she paid a down payment of 12%. Her monthly payments are $120.00 per month for one year.

a. How much was the down payment? ________________________________________

b. What was the total amount of the monthly payments? _________________________

c. How much was the total cost of the appliances? _______________________________

d. What was the finance charge if there were no additional fees? ____________________

19. Jon bought a refrigerator at a special sale. Jon paid $980.00 for the refrigerator and a zero down payment. Jon pays $70.00 each month for the next 18-months.

a. What was the total cost of the refrigerator? ___________________________________

b. How much was the finance charge? __________________________________________

20. Remi purchased a $425.00 AirFryer Plus. She made a 20% down payment and agreed to pay $19.00 a month for the next two years.

a. How much was the down payment? ________________________________________

b. What was the total cost of the merchandise? _________________________________

c. How much was the finance charge? _________________________________________