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Mathematics
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Business Mathematics Study Set 1
Exam 3: Ratios and Proportions
Path 4
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Question 21
Multiple Choice
Solve for X in the proportion: 3: 5 = X: 20
Question 22
Multiple Choice
If the C$ weakens by 2½% relative to the US$ (US$1.00 = C$1.0339) , what will be the new value for the US$ per C$1.00?
Question 23
Short Answer
A manufacturing business currently employs 8 managers, 147 sales staff, and 7 IT staff. The business is expanding, and expects to add another 18 sales staff. Assuming the same proportions, how many more managers and IT staff should be hired?
Question 24
Short Answer
The exchange rate between Currencies X and Y is currently Y0.05614 = X1.00. If X weakens by 1.5% relative to Y, what will be the new values for the exchanges rates per unit of X and per unit of Y?
Question 25
Short Answer
A three-year magazine subscription costing $120 is cancelled after fifteen months. The company has a policy to refund any remaining monthly issues minus a $25 cancellation fee. What refund should the company pay?
Question 26
Short Answer
Using the exchange rates in Table 3.2, show that you will receive as many euros for C$1150 by first converting the dollars to pounds and then converting the pounds to euros, as you would by converting the dollars directly to euros.