Question 1

Four beneficiaries are to divide an estate of $500 000 in the ratio   . How much should each receive?

Accepted Answer

Ratio:   :   :   :   =   :   :   :   = 8 : 6 : 3 : 1
Let the constant part be x
∴ 8x + 6x + 3x + 1x = 500000
18x = 500000
x = 27777.77778
Distribution of estate:
First beneficiary: 8 ∗ 27777.77778 = $22222.22
Second beneficiary: 6 ∗ 27777.77778 = 166666.67
Third beneficiary 3 ∗27777.77778 = 83333.33
Fourth beneficiary: 1 ∗ 27777.77778 = 27777.78

Question 2

Asia started working as a professional engineer in 2002 earning $64 500 per annum. In 2013, she is earning $88 100 per annum. The CPI in 2013 is 131 based on year 2002. What is the actual increase in Asia's pay in terms of 2002 dollars?

Accepted Answer

A) $2752 
B) $23 600 
C) -$2450 
D) $19 995 
E) $3605 
A) $2752 
B) $23 600 
C) -$2450 
D) $19 995 
E) $3605 A

Question 3

What amount is 16 2/3% less than $69?

Accepted Answer

x = 69 - 16   % of 69
= 69 -   ∗ 69
= 69 - 11.5 = $57.50

Question 4

What percent of $62.50 is $11.25?

Accepted Answer

The answer of What percent of $62.50 is $11.25?...

Question 5

350% of $15.00 is what amount?

Accepted Answer

350% of 15

Question 6

The community of Oakville sets a property tax rate of $25.50 per $1000 assessed valuation. What is the assessment if a tax of $554 is paid on a property?

Accepted Answer

Let the tax assessme

Question 7

27.5% of what amount is $28.63?

Accepted Answer

27.5% of x

Question 8

The CPI was 97.8 in 2001 and 10 years later, the CPI was 119.9. Determine the purchasing power of the Canadian dollar for the two years, relative to the base year of 2002.

Accepted Answer

Purchasing power for the dolla

Question 9

After a reduction of 66   % of the marked price, an article was sold for $150.00. What was the marked price?

Accepted Answer

Let the marked price be $x.
Th

Question 10

A boat owner listed his sailboat for 125% more than he paid for it. The owner eventually accepted an offer 5 1/2% below his asking price and sold the property for $50 000. How much did the owner pay for the sailboat?

Accepted Answer

94 @#IMG-DLM& % of asking price = sale p

Question 11

A special purpose index has increased 155% during the last ten years. If the index is now 310, what was the index ten years ago?

Accepted Answer

Let the index ten years ago be

Question 12

In Victoria, a car was sold for $19 621.60 including 12% HST. How much was the harmonized sales tax on the car?

Accepted Answer

The answer of In Victoria, a car was sold for...

Question 13

Jon sold 40 cars in the month of July. His target for August is to sell 10% more cars than he sold in July. How many cars should he sell in August to meet his target.

Accepted Answer

A) 44 
B) 36 
C) 45 
D) 35 
E) 40 
A) 44 
B) 36 
C) 45 
D) 35 
E) 40

Question 14

The number 675 is 37 1/2% more than what number?

Accepted Answer

675 = x + 37.5% of x

Question 15

The price of an article increased from $15.50 to $17.50. Calculate the percent change in price.

Accepted Answer

% change =

Question 16

After a reduction of 16 2/3% of the marked price, a pair of boots sold for $60.00. What was the marked price?

Accepted Answer

Let the marked price be $x; th

Question 17

Students, A, B, and C occupy floor space of 50 m, 70 m, and 80 m, respectively. If the total rental for the space is $1000 per month, how much rent should student A pay?

Accepted Answer

Total number of square metres

Question 18

What is the rate percent if the base is 50 and the percentage is 35?

Accepted Answer

Rate = @#IMG-DLM& =

Question 19

The Canadian CPI was 109.1 in 2006 and 114.4 in 2009 relative to the base year of 2002. Determine the purchasing power of the Canadian dollar for the two years, and interpret the meaning of the results?

Accepted Answer

Purchasing power of the dollar for 2006

Question 20

Asif is travelling to New York from Toronto to purchase a laptop that is only available in America. The laptop is being sold for $799 in US dollars. Calculate the price of the laptop in Canadian dollars if one American dollar is worth 1.29 Canadian dollars.

Accepted Answer

@#IMG-DLM& = @#IMG-DLM& x = 79

Four beneficiaries are to divide an estate of $500 000 in the ratio . How much should each receive?

Asia started working as a professional engineer in 2002 earning $64 500 per annum. In 2013, she is earning $88 100 per annum. The CPI in 2013 is 131 based on year 2002. What is the actual increase in Asia's pay in terms of 2002 dollars?

What amount is 16 2/3% less than $69?

What percent of $62.50 is $11.25?

350% of $15.00 is what amount?

The community of Oakville sets a property tax rate of $25.50 per $1000 assessed valuation. What is the assessment if a tax of $554 is paid on a property?

27.5% of what amount is $28.63?

The CPI was 97.8 in 2001 and 10 years later, the CPI was 119.9. Determine the purchasing power of the Canadian dollar for the two years, relative to the base year of 2002.

After a reduction of 66 % of the marked price, an article was sold for $150.00. What was the marked price?

A boat owner listed his sailboat for 125% more than he paid for it. The owner eventually accepted an offer 5 1/2% below his asking price and sold the property for $50 000. How much did the owner pay for the sailboat?

A special purpose index has increased 155% during the last ten years. If the index is now 310, what was the index ten years ago?

In Victoria, a car was sold for $19 621.60 including 12% HST. How much was the harmonized sales tax on the car?

Jon sold 40 cars in the month of July. His target for August is to sell 10% more cars than he sold in July. How many cars should he sell in August to meet his target.

The number 675 is 37 1/2% more than what number?

The price of an article increased from $15.50 to $17.50. Calculate the percent change in price.

After a reduction of 16 2/3% of the marked price, a pair of boots sold for $60.00. What was the marked price?

Students, A, B, and C occupy floor space of 50 m, 70 m, and 80 m, respectively. If the total rental for the space is $1000 per month, how much rent should student A pay?

What is the rate percent if the base is 50 and the percentage is 35?

The Canadian CPI was 109.1 in 2006 and 114.4 in 2009 relative to the base year of 2002. Determine the purchasing power of the Canadian dollar for the two years, and interpret the meaning of the results?

Asif is travelling to New York from Toronto to purchase a laptop that is only available in America. The laptop is being sold for $799 in US dollars. Calculate the price of the laptop in Canadian dollars if one American dollar is worth 1.29 Canadian dollars.

Review of Arithmetic

Review of Basic Algebra

Linear Systems

Cost-Volume-Profit Analysis and Break-Even

Trade Discounts, Cash Discounts, Markup, and Markdown

Simple Interest

Simple Interest Applications

Compound Interest - Future Value and Present Value

Compound Interest - Further Topics

Ordinary Simple Annuities

Ordinary General Annuities

Annuities Due, Deferred Annuities, and Perpetuities

Amortization of Loans, Residential Mortgages, and Sinking Funds

Bond Valuation

Investment Decision Applications

Filters

Exam 3: Ratio, Proportion, and Percent

Four beneficiaries are to divide an estate of $500 000 in the ratio . How much should each receive?

Asia started working as a professional engineer in 2002 earning $64 500 per annum. In 2013, she is earning $88 100 per annum. The CPI in 2013 is 131 based on year 2002. What is the actual increase in Asia's pay in terms of 2002 dollars?

What amount is 16 2/3% less than $69?

What percent of $62.50 is $11.25?

350% of $15.00 is what amount?

The community of Oakville sets a property tax rate of $25.50 per $1000 assessed valuation. What is the assessment if a tax of $554 is paid on a property?

27.5% of what amount is $28.63?

The CPI was 97.8 in 2001 and 10 years later, the CPI was 119.9. Determine the purchasing power of the Canadian dollar for the two years, relative to the base year of 2002.

After a reduction of 66 % of the marked price, an article was sold for $150.00. What was the marked price?

A boat owner listed his sailboat for 125% more than he paid for it. The owner eventually accepted an offer 5 1/2% below his asking price and sold the property for $50 000. How much did the owner pay for the sailboat?

A special purpose index has increased 155% during the last ten years. If the index is now 310, what was the index ten years ago?

In Victoria, a car was sold for $19 621.60 including 12% HST. How much was the harmonized sales tax on the car?

Jon sold 40 cars in the month of July. His target for August is to sell 10% more cars than he sold in July. How many cars should he sell in August to meet his target.

The number 675 is 37 1/2% more than what number?

The price of an article increased from $15.50 to $17.50. Calculate the percent change in price.

After a reduction of 16 2/3% of the marked price, a pair of boots sold for $60.00. What was the marked price?

Students, A, B, and C occupy floor space of 50 m, 70 m, and 80 m, respectively. If the total rental for the space is $1000 per month, how much rent should student A pay?

What is the rate percent if the base is 50 and the percentage is 35?

The Canadian CPI was 109.1 in 2006 and 114.4 in 2009 relative to the base year of 2002. Determine the purchasing power of the Canadian dollar for the two years, and interpret the meaning of the results?

Asif is travelling to New York from Toronto to purchase a laptop that is only available in America. The laptop is being sold for $799 in US dollars. Calculate the price of the laptop in Canadian dollars if one American dollar is worth 1.29 Canadian dollars.

Review of Arithmetic

Review of Basic Algebra

Linear Systems

Cost-Volume-Profit Analysis and Break-Even

Trade Discounts, Cash Discounts, Markup, and Markdown

Simple Interest

Simple Interest Applications

Compound Interest - Future Value and Present Value

Compound Interest - Further Topics

Ordinary Simple Annuities

Ordinary General Annuities

Annuities Due, Deferred Annuities, and Perpetuities

Amortization of Loans, Residential Mortgages, and Sinking Funds

Bond Valuation

Investment Decision Applications

Filters