FBLA Business Calculations

Jennifer exercised her first stock option to buy 210 shares of her company’s stock at 30% below today’s quote of 15 1/2. 
Disregarding other costs, what did she pay? 
 

• $1,278.50 
• $ 996.50 
• $2,278.50    
• $ 976.50              

Tags

CCSS.6.RP.A.3C

Find the annual premium for a $1,000,000 hazard insurance policy if the rate is $0.492 per hundred. 

• $4,720 
• $4,820 
• $4,920
• $5,000

Tags

CCSS.6.RP.A.3B

ERM Art Supply purchases linen paper with a list price of $15,500 with a chain discount of 35/20/15. What is the net price? 

•  $ 8,060 
• $ 7,750 
• $10,075 
•  $ 6,851

Tags

CCSS.6.RP.A.3C

Calculate the reconciled balance given the following information: 
Bank Statement Balance: $378.53 Outstanding Checks: $37.38; $52.85; $100.54 Service Charge: $10.00 Check Register Balance: $197.76 
 

• $207.76
• $197.76
• $187.76
• $177.76

Tags

CCSS.6.NS.B.3

 Taxi fare is based on a flat charge per trip of $8.00 plus $0.95 per mile or fraction thereof. In addition, wait time is metered and charged at $0.50 per minute or fraction thereof. John takes a taxi from his hotel to the airport. The distance is 31 ¼ miles. The taxi waited at 3 traffic signals for 45 sec., 55 sec., and 93 sec. John tipped the driver $5.00. How much did John pay for 
the taxi ride?  

• $35.40 
  
• $40.40  
  
• $43.40  
  
• $44.69 
  

Tags

CCSS.7.EE.B.3

Ms. Moon is a salesperson who is paid on a commission basis. She earns 6% commission on sales up to $10,000, 12% for sales over $10,000 up to $20,000, and 20% on all sales over $20,000. If she sells $23,500 this pay period, how much money 
does she earn?  

• $1,300 
• $4,000
• $1,800  
• $2,500

Tags

CCSS.6.RP.A.3C

Anthony had a loan in the amount of $5,500 at 11% for 3 years. His monthly payments were $203.20. What is the total 
amount repaid? 

• $7,315.20 
• $1,815.20 
• $6,096.00
• $ 609.60

Tags

CCSS.7.RP.A.3

An item costs $880 and has a selling price of $1,300. Calculate the markup based on cost. 

• 147.7%
• 47.7% 
• 67.7% 
• 32.3%

Tags

CCSS.6.RP.A.3C

George agrees to pay the first 15% of his employees’ medical expenses as part of a new employee benefit package. Last year, 
his employees incurred $2135 in medical expenses. How much would he have paid last year? 
 

• $ 213.50  
• $ 320.25
• $ 420.75
• $1,814.75

Tags

CCSS.6.RP.A.3C

George agrees to pay the first 15% of his employees’ medical expenses as part of a new employee benefit package. Last year, 
his employees incurred $2135 in medical expenses. How much would he have paid last year? 
 

• $ 213.50  
• $ 320.25
• $ 420.75
• $1,814.75

Tags

CCSS.6.RP.A.3C