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 residential property is assessed for tax purposes at 45% of its market value. The residential property tax rate is 3 2/3% of the assessed value and the tax is $1300.
a)What is the assessed value of the property?
b)What is the market value of the property?
(Essay)
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In a local school, 450 of the students are male, which makes up 62
% of the entire school population. How many students go to this school?
(Essay)
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Ali's company earned $576 000 and will allocate all of these earnings to its three branches: sales, customer service, and R&D. The departments earn
,
and
, respectively. How much of the total earnings will each department get?
(Essay)
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In an army barracks in Afghanistan the mess consumes 1.2 kg of flour per person. They have enough flour for 4200 soldiers having regular meals for 32 days. Some soldiers are reassigned to a different location and the same amount of flour becomes sufficient for 42 days at a rate of 1.6 kg per person . How many soldiers were reassigned?
(Essay)
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What is the price of gasoline per litre in Canadian dollars if a U.S. gallon of gasoline costs $2.90 U.S.? One U.S. dollar is worth $1.0372 Canadian, and one U.S. gallon is equivalent to 3.8 litres.
(Essay)
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After real estate fees of 7.5% had been deducted from the proceeds of a property sale, the vendor of the property received $188 090. What was the amount of the realtor's fee?
(Essay)
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You bought a car and got a 7.35% discount from the original price. If you purchase price is $24063, what was the original price?
(Multiple Choice)
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Departments, A, B, and C occupy floor space of 60 m,90 m, and 300 m, respectively. If the total rental for the space is $125 200 per month, how much rent should Department C pay?
(Essay)
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Mr. Duckworth owned 3/8 of a store. He sold 2/3 of his interest in the store for $37 000. What was the value of Mr. Duckworth's share of the store?
(Essay)
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After a reduction of 8 1/3% of the marked price, a snowboard sold for $400.00. What was the marked price?
(Essay)
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A perfume is sold at Target Canada for $79.99 plus HST (13%). The same perfume is sold at Target USA for $74.99 plus 8% Value Added Tax (VAT). By what percentage (based on Canadian price)is perfume cheaper in the United States? Use the exchange rate of US$0.966 per C$.
(Multiple Choice)
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A law firm has 3 partners. The first partner owns
of the business, the second partner owns
of the business and the third partner owns
of the business. The business is worth $1.5 million. A new partner is introduced who contributes an additional $300,000 and owns
of the total value of the new business. What are the new values for the first to the third original partners?
(Multiple Choice)
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28% of Wendy's monthly salary is deducted for withholding. If those deductions total $455, what is her salary?
(Essay)
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SDM sells eggs at $2.80/dozen. How many eggs can be bought for $2.10?
(Multiple Choice)
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Carol, Clara and Nancy decide to buy LOTTO 649 tickets, agreeing to share any winnings in a ratio of
, which is in the same ratio as they spent on tickets. If they end up winning $1147.00, calculate how much each should receive from the winnings.
(Essay)
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