Question 1(2 points)

Saved

Isaac earns a base salary of $1250 per month and a graduated commission of 0.4% on the first $100,000 of sales, and 0.5% on sales over $100,000. Last month, Isaac's gross salary was $2025. What were his sales for the month?

Question 1 options:

	$75,000
	$175,000
	$250,000
	$200,000

Question 2(2 points)

Saved

Carlos invested $10,000 at 7%, $20,000 at 6.5%, and $50,000 at 5%. What is the average rate of interest earned by his investments?

Question 2 options:

	6.2%
	5.5%
	5.8%
	5.6%

Question 3(2 points)

Saved

A customer has a first mortgage of $100,000 at 5.5% and a second mortgage of $50,000 at 7.8%. What is the average rate of mortgage that the customer pays?

Question 3 options:

	6.7%
	5.9%
	6.3%
	6.5%

Question 4(2 points)

Saved

A client has a first mortgage of $175,000 at 5.8% and a second mortgage of $25,000 at 6.7%. What is the average rate of mortgage that the client pays?

Question 4 options:

	5.9%
	6.3%
	6%
	6.2%

Question 5(2 points)

Saved

M Studios (Calgary) had retail sales of $166,425, including GST, for the last quarter. In the same period M Studios purchased $45,000 worth of supplies and paid $75,000 for store renovations, plus the GST on these goods and services. What GST must be remitted by M Studios for the last quarter? (Assume GST = 5%)

Question 5 options:

	$1925
	$2321.25
	$6071.25
	$4573.26

Question 6(2 points)

Saved

A company laid off 80% of its work force. The number of employees after the layoff is 3000. How many employees were there before the layoff?

Question 6 options:

	5400
	15,000
	7200
	10,000

Question 7(2 points)

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An employee earns $1600 for 50 hours of work during last week. His regular workweek is 40 hours and he's paid overtime at time and one-half the regular rate of pay. What is the regular hourly rate of pay?

Question 7 options:

	$29.09
	$32.00
	$29.52
	$25.00

Question 8(2 points)

Saved

The price of a litre of gasoline has decreased by 25% since last month. The new price is $1.08 per litre, what was the old price?

Question 8 options:

	$1.41
	$1.33
	$1.44
	$1.52

Question 9(2 points)

Saved

The population of a city has grown by 10% in year one, 12% in year two and decreased by (5%) in year three. If the original population was 20,000, what is the current population?

Question 9 options:

	28,459
	23,408
	24,640
	22,000

Question 10(2 points)

Saved

Bill and Ted decide to throw a party. Bill will have twice as many friends attend as Ted. If each agrees to pay their own share (per friend) and the party will cost $900, what will be the cost per guest if Bill asks twenty friends to attend?

Question 10 options:

	$10
	$20
	$30
	$40

Question 11(2 points)

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What was the percent change in unit price when a box of tissues dropped from 200 to 150 tissues per box (with no change in the price per box)?

Question 11 options:

	25%
	20%
	35%
	33.3%

Question 12(2 points)

Saved

What was the percent change in unit price when a box of tissues dropped from 400 to 350 tissues per box (with no change in the price per box)?

Question 12 options:

	12.5%
	15%
	17.5%
	14.3%

Question 13(2 points)

Saved

What is the percent change in unit price of a bag of cookies if the number of cookies per bag is decreased by 15% (with no change in the price per bag)?

Question 13 options:

	17.6%
	15%
	20%
	10%

Question 14(2 points)

Saved

A mortgage company dropped the interest rate it charges on mortgages from 4.5% to 3.9%. What percent reduction did this represent?

Question 14 options:

	6%
	13.3%
	15.4%
	20.3%

Question 15(2 points)

Saved

A loan company dropped the interest rate it charges on second mortgages from 8.7% to 7.3%. What percent reduction did this represent?

Question 15 options:

	1.4%
	19.2%
	16.1%
	15.6%

Question 16(2 points)

Saved

If the Canadian dollar drops in value from.7589 to.7496, by what percentage does the Canadian dollar drop in value?

Question 16 options:

	15%
	12.4%
	12.3%
	1.23%

Question 17(2 points)

Saved

If the Canadian dollar is worth 22% less than the U.S. dollar, by what percentage does the U.S. dollar exceed the value of the Canadian dollar?

Question 17 options:

	22%
	25.2%
	30.8%
	28.2%

Question 18(2 points)

Saved

A car dealer normally lists cars at 25% above cost. During a sale the manger offered a 10% reduction. If a car sold for $20,812.50, what was the cost price to the dealership?

Question 18 options:

	$18,500
	$23,125
	$18,315
	$16,650

Question 19(2 points)

Saved

A car dealer offers a sale price of 10% off MSRP, which is applied before taxes of 12%. If the MSRP of the car is $18,550, what is the total percentage change of the price of the final cost of the car compared to the MSRP?

Question 19 options:

	8%
	10.67%
	12%
	11%

Question 20(2 points)

Saved

If the euro is worth 57% more than the Canadian dollar, how much less (in percentage terms) is the Canadian dollar worth than the euro?

Question 20 options:

	43%
	63.7%[Y1]
	36.3%
	45%

Question 21(2 points)

Saved

Express the ratio 0.3 : 1.50 : 9 in its lowest terms:

Question 21 options:

	3 : 15 : 90
	1 : 15 : 90
	1 : 5 : 30
	2 : 28 : 170

Question 22(2 points)

Saved

Solve the proportion: 2: 5 = 6 : y

Question 22 options:

	15
	5
	10
	12

Question 23(2 points)

Saved

Solve the proportion: 0.75 : 5.5 = 6 : x

Question 23 options:

	40
	44
	8
	24

Question 24(2 points)

Saved

Solve the proportion: 2.6 : 5.5 : 10 = 13 : x : y

Question 24 options:

	x = 50 and y = 27.5
	x = 27.5 and y = 50
	x = 11 and y = 20
	x = 26 and y = 11

Question 25(2 points)

Saved

Nitin and Sam have invested in a partnership in the ratio of 3 : 5. If Sam adds another $10,000 to the business, how much should Nitin invest in order to maintain the same ratio?

Question 25 options:

	$10,000
	$5,000
	$6,000
	$12,000

Question 26(2 points)

Saved

A college allows parking permits for students in the ratio of 5.5 students to a parking permit. The college currently has 11,000 students. The student council did a survey and found that the ratio should be 4 : 1. The college has agreed to add the extra parking spaces. How many more spaces are required to meet the 4 : 1 ratio?

Question 26 options:

	2750
	1150
	750
	1250

Question 27(2 points)

Saved

Mr. Malik is considering a larger house in the same area. Currently the taxes on his $250,000 home amount to $3000 per year. If he expects the taxes on other homes in the area to be in the same ratio as the assessed values, what tax amount will Mr. Malik pay on a house assessed at $300,000?

Question 27 options:

	$3200
	$3600
	$3500
	$3000

Question 28(2 points)

Saved

Susan, Lynda, and Monica opened a used clothing shop. The partnership agreement states that the responsibilities for the provision of capital are in the ratio of 2 : 3 : 4. If the total investment in the business was $360,000, how much did each partner invest?

Question 28 options:

	Susan: $82,000 Lynda: $118,000 Monica: $160,000
	Susan: $85,000 Lynda: $1150,000 Monica: $40,500
	Susan: $80,000 Lynda: $120,000 Monica: $160,000
	Susan: $8,000 Lynda: $12,000 Monica: $16,000

Question 29(2 points)

Saved

The current exchange rates show that C$1.00 = US$0.7525. If you have $120 Canadian dollars, what is the equivalent amount in US dollars?

Question 29 options:

	US$90.30
	US$93.20
	US$92.15
	US$98.00

Question 30(2 points)

Saved

The current exchange rates show that C$1.00 = 0.5600. If you have $200 Canadian dollars, what is the equivalent amount in euros?

Question 30 options:

	114
	112
	56
	44

[Y1]