Exam 3: Ratio, Proportion, and Percent
Exam 1: Review of Arithmetic144 Questions
Exam 2: Review of Basic Algebra274 Questions
Exam 3: Ratio, Proportion, and Percent210 Questions
Exam 4: Linear Systems94 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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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?
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You sell your house at 95.7% of the list price. What was the amount of sales commission if the commission percentage is 3.75% and the list price of the house was $182 500?
(Multiple Choice)
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The price of an article increased from $15.50 to $17.50. Calculate the percent change in price.
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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 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.
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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?
(Essay)
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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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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?
(Essay)
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Mary paid $456 for an annual contract to an ISP on July 1, 2012. She terminated her contract with the ISP on March 8. The contract requires to refund a prorated amount to the exact number of days remaining in the period of coverage. A $50 service charge is then deducted. What refund will Mary receive?
(Multiple Choice)
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Justin took out 41% of all the money in his bank account. Following this withdrawal, Justin only had $173.91 left in his account. How much money did he have in the account prior to the withdrawal?
(Essay)
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After spending a week in the United States, you are travelling back to Canada. Before departure from JFK, you convert your remaining US$ to C$ at the exchange rate of 1.0287 per US$. How many C$ will you receive for $321 if the currency shop charges a 5% commission on this transaction?
(Multiple Choice)
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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.
(Essay)
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Use the 2010 federal income tax brackets and rates listed below to answer the following question.
Taxable Income
a) Dana had a taxable income of $39 500 in 2010. How much federal income tax should she report? (assuming tax rates remain the same)
b) Dana expects her taxable income to increase by 15% in 2011. How much federal tax would she expect to pay in 2011(assuming tax rates remain the same).
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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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ABC Charity is distributing charity among the refugee camps in a remote town in Somalia. The distribution formula states that $800 is sufficient for a family of 4 members for 40 days. For how many days $1500 last for a family of 5 members?
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