Exam 3: Ratio, Proportion, and Percent
Exam 1: Review of Arithmetic143 Questions
Exam 2: Review of Basic Algebra273 Questions
Exam 3: Ratio, Proportion, and Percent210 Questions
Exam 4: Linear Systems116 Questions
Exam 5: Cost-Volume-Profit Analysis and Break-Even47 Questions
Exam 6: Trade Discounts, Cash Discounts, Markup, and Markdown170 Questions
Exam 7: Simple Interest132 Questions
Exam 8: Simple Interest Applications87 Questions
Exam 9: Compound Interest - Future Value and Present Value172 Questions
Exam 10: Compound Interest - Further Topics77 Questions
Exam 11: Ordinary Simple Annuities104 Questions
Exam 12: Ordinary General Annuities104 Questions
Exam 13: Annuities Due, Deferred Annuities, and Perpetuities182 Questions
Exam 14: Amortization of Loans, Residential Mortgages, and Sinking Funds132 Questions
Exam 15: Bond Valuation87 Questions
Exam 16: Investment Decision Applications78 Questions
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A wholesale outlet is offered a discount of 2
% for payment in cash of an invoice of $950. If it accepted the offer, how much was the cash payment?
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Use proportions to solve the problem: Angela drove her car 224 kilometers and used 16 liters of fuel. She wants to know how many kilometers (x)she can drive with 12 liters of fuel. Assuming that the relationship between kilometers and fuel is proportional, determine the proportion that can be used to model this scenario and the distance she can travel with 12 liters of fuel.
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Set up a ratio to represent the following:
one-half of an hour to 18 minutes
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In a remote army camp, 10 soldiers have the ration for 21 days. If 3 soldiers leave the camp, for how many days will the ration be sufficient?
(Multiple Choice)
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If Biyu earns $113 420 and $34 615 from her first and second job, respectively, calculate the amount of federal income tax she should report, based off of the 2016 federal income tax brackets and rates mentioned below in Figure 3.1.
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The Bank of Nova Scotia reduced its annual lending rate from 11% to 8.75%. What is the percent reduction in the lending rate?
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After an increase of 8%, the new amount was $875. What was the original amount?
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A manufacturing process requires $68.5 supervision cost for every 64 labour hours. At the same rate, how much supervision cost should be budgeted for 18 000 labour hours?
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At Upscale Corporation, direct selling expense amounted to $3500 while sales volume was $97 500 for last month. What is the ratio of direct selling expense to sales volume?
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The Canada Pension Plan premium deducted from an Peter's wages was $650.25. If the premium rate is 2.925% of gross wages, how much were Peter's gross wages?
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A firm's bad debts of $7775 were 2 3/4% of sales. What were the firm's sales?
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Your gas bill for March is $274.40. If you pay after the due date, a late payment penalty of $10.72 is added. What is the percent penalty?
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A private post-secondary corporation had a 1-year low stock price of $18.69 and a high of $40.47. Assuming that you bought it at the lowest price and sold it at its highest price, what is the simple annual rate of return on your stock purchase?
(Multiple Choice)
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Royal Collection Agency retains a collection fee of 20% of any amounts collected. How much did the agency collect on a bad debt if the agency forwarded $2520 to a client?
(Essay)
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Franco, Maria and Gomez entered into a partnership to buy a steel manufacturing plant. They agreed to distribute profits in the same proportion as their respective capital investments in the partnership. How will recent period's profit of $287 800 be allocated to Franco, if Franco's capital investment shows a balance of $34 million, Maria's shows $49 million and Gomez's shows $54.5 million?
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In the last provincial election, 62 1/2% of the population of 994 800 was eligible to vote. Of those eligible, 33 1/3% voted.
a)What was the number of eligible voters?
b)How many voted?
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