Focus on Finance Pre-Test

In six months, the membership at a fitness center went from 3,500 to 4,200. What was the percent of increase in the membership?

• 10%
• 15%
• 20%
• 16 and  2/3 %

 An employee is marking up new merchandise by 35%. The price they paid for an item is $120. What price will the employee place on the item? 

• $150
• $155
• $165
• $162

 Barbara paid $3.60 for 4 muffins. At this rate, what will 6 muffins cost?

• $4.00
• $4.50
• $5.20
• $5.40

 A piece of furniture has a retail price of $3,200 and is on sale at a 30% discount. How much money will be saved if the piece of furniture is purchased at the sale price? 

• $960
• $1400
• $96
• $840

 A graphing calculator costs $85. The sales tax on the calculator is 8%. What is the total cost of the calculator? 

• $93.00
• $91.80
• $90.00
• $92.00

 In New City, Texas, the sales tax rate is 8.15%. How is this percent represented as a decimal?

• 0.815
• 8.15
• 0.0815
• 0.00815

 If an item cost $41.04, including an 8% sales tax, what was the cost of the item before taxes?

• $36
• $38
• $39
• $37

Which of the following is an example of income?

• cash gift
• cab fare
• credit card
• loan payment

The Gray family’s net monthly income is $4,800. They have budgeted $960 for their mortgage payment. Which best represents the percent of their monthly budget that is allocated for this expense item?

• 2.2%
• 20%
• 22%
• 25%

Which of the following is an example of a fixed expense? 

• movies
• food
• doctor's visits
• car payment