Student I

Deliverables: Hand in a copy of your answer to the following questions. Be sure to include your

intermediate calculations. Please complete the required information on the front$-$page template

that I have posted on elearn and include it in your assignment. Submit a PDF of your assignment

on elearn. Each question has $1$ mark.

Solve the following $5$ questions:

$[1]$ After spending a week in the United States, you are travelling back to Canada. Before

departure from JFK$,$ you convert your remaining US$ to C$ at the exchange rate of $1\mathrm{.}0287$ per

US$$.$ How many C$ will you receive for $$321$ if the currency shop charges a $5\%$ commission on

this transaction?

$[2]$ A property was sold for $250\%$ of what the vendors originally paid. If the vendors sold the

property for $$218000,$ how much did they originally pay for the property?

$[3]$ The price of a stock a week ago was $$36\mathrm{.}25$ per share. Today the price per share is $$31\mathrm{.}75.$

What is the percent change in price?

$[4]$ What single discount rate is equivalent to multiple discounts of $13\%$ and $25\%?$

$[5]$ Mike's Suits and Accessories purchased men's shoes for $$97\mathrm{.}00$ less $25\mathrm{.}6\%.$ The store

operates at a normal gross profit of $35\%$ of regular selling price. The owner marks all

merchandise with new regular selling prices so that the store can offer a $25\%$ discount. What is

the new regular selling price $($round to the nearest dollar$)?$

Submission due to: Sept $244^{th},2024$ at $11$:$59$ pm$.$