Exam 3: Ratio, Proportion, and Percent

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 Maria, if Franco's capital investment shows a balance of $34 million, Maria's shows $49 million and Gomez's shows $54.5 million?

Don works for OPG in a management position. Due to the economic turndown, provincial government has frozen management pays since 2009. In 2010, federal tax brackets and tax rates were as follows: Using the above table and Table 3.3 in the book, compare his federal tax payed in 2010 versus that payed in 2012 on an annual compensation of $134 595.

The direct labour cost of manufacturing a product is $123.95, direct material cost is $56.20, and overhead is $57.75. a)What is the percent content of each element of cost in the product? b)What is the overhead percent rate based on direct labour?

Set up a ratio and reduce to lowest terms: $102 per half a dozen

The price of milk was $3.00 in 2001 for a 4 L bag and $3.97 in 2013 for the same bag. Compare the two prices to create an index number?

Set up a ratio to represent the following: 10 quarters to 12 dimes to 16 nickels

2 3/4% of what amount is $19.90?

Use equivalent ratios in higher terms to eliminate the fractions: to to

If one Canadian dollar is equivalent to $0.9749 U.S., how much do you need in Canadian funds to buy $850.00 U.S.?

160% of what amount is $200?

An article was sold for $567.50. The amount paid included a sales tax of 6%. Find the amount of sales tax on the article.

Muki and Mushi invested $21 000 and $37 000, respectively. If Muki invests a further $9000, what amount should Mushi contribute to maintain their investments in the original ratio?

Solve: 7 : n = 35 : 21

Use the 2010 federal income tax brackets and rates listed below to answer the following question. a)What was the annual percent increase in Juan's pay before federal income taxes? b)What was the annual percent increase in Juan's pay after federal income taxes were deducted?

What is 3/4% of $164.00?

What amount is 6 % less than 352

Gas is sold for C$1.293 per litre in Windsor and US$3.91 per gallon in Detroit. By what percentage (based on Windsor price)is gas cheaper in Detroit? Use the exchange rate of US$0.966 per C$. Note 1 US gallon = 3.785 litres?

D&L Corporation's profit and loss statement showed a net income of 9 3/4% or $41 250. Twenty-one percent of net income was paid in corporation tax and 65% of the net income after tax was paid out as dividends to Cindi and Kelsey, who hold shares in the ratio 2 to 3. a)What was the revenue of D&L Corporation? b)How much was the after-tax income? c)How much was paid out in dividends? d)What percent of net income did Kelsey receive as a dividend?

In order to encourage Canadians to avoid cross border shopping, Walmart Canada is striving to keep the price of electronics in Canada equivalent to the price of electronics in its US stores before taxes. If a TV is sold for $700 in US stores, what should be the sale price of the same TV in Canadian stores? Use the exchange rate of US$0.966 per C$.

Reduce to lowest terms: 9 to 240