Business Calculations 3

Use the exact interest method to calculate the maturity value: Principal=$6,900, Rate=9.75%, Term=135 days.

• $7,418.38
• $7,152.28
• $7,572.75 
• $7,148.83

You purchased a pair of running shoes for $82.00. The trade discount rate is 40%. What is the dealer cost? A) $42.90 
 B) $38.20 C) $49.20 D) $32.80

•  $42.90 
• $38.20
• $49.20
• $32.80

Michael purchased a four-wheeler for $3,125. There was a trade discount of 32%. What was the trade discount amount? A) $2,125.00 B) $1,225.25 C) $1,000.00 D) $ 718.75 

• $2,125.00
• $1,225.25 
• $1,000.00
• $ 718.75 

The carpet chosen by Callis International for their reception area was $16.75 a square yard. What price should the store quote 
for the carpet if the reception area is 12 ft. 6 in. by 18 ft.? 
 A) 480.75 B) 418.75 C) 415.25 D) 481.25

• 480.75
•  418.75 
• 415.25
• 481.25

Jane uses ten 100-watt bulbs in her house. She burns these bulbs an average of 5 hours each day. How many KWH do these 
bulbs use each day? 
 A) 5 KWH B) 50 KWH C) 500 KWH D) 5,000 KWH

• 5 KWH
•  50 KWH 
• 500 KWH 
• 5,000 KWH

A real estate agent sold a 10-room house for Donna for $135,600. The listing price of the house was $150,000. The agent 
deducted a 6% commission. What net proceeds did Donna receive for the sale of her home? 

•  $141,000 
•  $127,464 
• $ 9,000
• $ 8,136

You set your thermostat at 72 degrees. Raising it in the summer may reduce your cooling costs by as much as 3% for each degree it is raised. If you raised your thermostat to 77 degrees, what percent of your fuel costs could you save? 

•  18% 
• 15%
• 10% 
• 13%

What is the cost of 11,500 lb of gravel @ $32.50 per ton? 

• $1,868.80
• $ 186.88 
• $3,737.50
• $ 188.68

A 400-cm length of tubing costs $0.36. What is the cost of tubing per meter? 

• $0.12
• $0.36 
• $0.09 
• $0.90

What is the cost of 320 lb. @ $0.37 ½?

• $122.00
• $ 12.00
• $120.00
• $102.00