Module 4 Topic B Study Guide

The Martinez family ate at a restaurant.The cost of the meal was $37.50.  The sales tax was 7% of the cost of the meal.  They left a tip of 20% of the cost of the meal plus tax. What was the total cost of the meal, tax, and tip?

• $48.15
• $0.52
• $76.50
• $39.77

A garment is on sale for 30% off the regular price.  If the regular price is $47.30, then what is the sale price?

• $14.19
• $33.11
• $80.41
• $61.49

Jake is buying a sweater with a price of $35 shown on the tag. The store is having a sale that will reduce the price by 40%. Sales tax of 6% will be added to the final purchase price. What is Jake's total cost for the sweater?

• $51.94
• $21.60
• $22.26
• $19.74

Dexter deposited $6,300 into a savings account that earns 2.60% simple interest. How much interest will he earn in 4 years?

• $655.20
• $115.20
• $4,608
• $1,152

An investment of $2,500 is earning 8% simple interest each year. How much will the investment be worth after one year?

• $4,800
• $2,300
• $200
• $2,700

A clothing boutique has a markup rate of 65%.  Find the selling price of a shirt that costs the store owner $37.

• $67.79
• $24.37
• $49.95
• $24.05

A tennis supply store pays a wholesaler $80 for a tennis racket and sells it for $110.  What is the markup rate?

• 25%
• 175%
• 37.5%
• 125%

A salesperson earns 5% commission off of tv sales each month.  Last month she had $12,250 in sales.  She makes $12 each hour she works and that same month she worked 80 hours.  What was the salesperson's total earnings for that month?

• $$1,612.50
• $960.00
• $650.00
• $1,572.50