Question 1

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?

Accepted Answer

The answer of A wholesale outlet is offered a discount...

Question 2

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.

Accepted Answer

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Question 3

Set up a ratio to represent the following:
one-half of an hour to 18 minutes

Accepted Answer

The answer of Set up a ratio to represent the...

Question 4

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?

Accepted Answer

A) 14 
B) 15 
C) 21 
D) 60 
E) 30

Question 5

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.

Accepted Answer

The answer of If Biyu earns $113 420 and $34...

Question 6

What is  % of $12150?

Accepted Answer

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Question 7

The Bank of Nova Scotia reduced its annual lending rate from 11% to 8.75%. What is the percent reduction in the lending rate?

Accepted Answer

The answer of The Bank of Nova Scotia reduced its...

Question 8

After an increase of 8%, the new amount was $875. What was the original amount?

Accepted Answer

The answer of After an increase of 8%, the new...

Question 9

What is 870 decreased by 21%?

Accepted Answer

The answer of What is 870 decreased by 21%?...

Question 10

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?

Accepted Answer

The answer of A manufacturing process requires $68.5 supervision cost...

Question 11

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?

Accepted Answer

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Question 12

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?

Accepted Answer

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Question 13

A firm's bad debts of $7775 were 2 3/4% of sales. What were the firm's sales?

Accepted Answer

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Question 14

Calculate the value of x:  : x =  :

Accepted Answer

A) 4/1 
B) 2/81 
C) 81/2 
D) 1/4 
E) 1/9

Question 15

Solve: 2.18 : 1.61 = k : 4.4

Accepted Answer

The answer of Solve: 2.18 : 1.61 = k :...

Question 16

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?

Accepted Answer

The answer of Your gas bill for March is $274.40....

Question 17

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?

Accepted Answer

A) 107.812% 
B) 106.712% 
C) 107.612% 
D) 116.533% 
E) 126.712%

Question 18

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?

Accepted Answer

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Question 19

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?

Accepted Answer

The answer of Franco, Maria and Gomez entered into a...

Question 20

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?

Accepted Answer

The answer of In the last provincial election, 62 1/2%...

Exam 3: Ratio, Proportion, and Percent

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?

Set up a ratio to represent the following: one-half of an hour to 18 minutes