ACT WorkKeys-Applied Math Practice 1

Front

What is the formula to calculate the discount amount when using a coupon?

Back

Discount Amount = Original Price × Discount Rate

Front

If a person has a certain amount of money and spends some, how do you calculate the remaining amount?

Back

Remaining Amount = Initial Amount - Amount Spent

Front

How do you calculate the total amount of food needed for multiple pets over a period of time?

Back

Total Food Needed = Number of Pets × Cans per Pet per Day × Number of Days

Front

What is the formula to calculate the average of a set of numbers?

Back

Average = (Sum of all values) / (Number of values)

Front

How do you convert hours and minutes into total minutes?

Back

Total Minutes = (Hours × 60) + Minutes

Front

What is the cost calculation for a service that charges per minute?

Back

Total Cost = Rate per Minute × Total Minutes Used

Front

How do you round a number up to the nearest specified value?

Back

To round up to the nearest value, divide the number by that value, round up to the nearest whole number, and then multiply back.

Front

What is the difference between fixed and variable costs in a business context?

Back

Fixed Costs do not change with the level of output, while Variable Costs do change with the level of output.

Front

How do you calculate the total cost when a service charges in segments?

Back

Total Cost = (Number of Segments) × (Cost per Segment)

Front

What is the importance of budgeting in personal finance?

Back

Budgeting helps track income and expenses, ensuring that spending does not exceed income.