Quiz about Taxes, Tips, Discounts and Commissions

Question 1

How do taxes affect the total price of an item?

Accepted Answer

The taxes are added to the price of the item.

Answer

The taxes are subtracted from the price.

Answer

The taxes are multiplied by the price of the item.

Answer

The taxes are divided by the price of an item.

Question 2

Abriel bought a model rocket kit from Amazon.ca. The price of the kit was $124.95. The HST of 13% was added, and then a $10 charge for shipping was added after the sales tax. What was the total amount that Abriel paid, including tax and shipping?

Accepted Answer

$151.19

Answer

$141.19

Answer

$16.24

Answer

$118.71

Question 3

Nathan to Marshall's to find a new dress shirt and finds one he likes for $34.99. The tax is 13%. What does he actually pay for the shirt.

Accepted Answer

$39.54

Accepted Answer

Who are you kidding, Nathan wouldn't shop at Marshall's.

Answer

$4.55

Answer

$30.44

Question 4

You run to Timmy's for lunch and order a Mocha Iced Capp for $2.99 and a 'Nova Scotia Strong' donut for $1.59. What is your total with tax. (HST is 13%)

Accepted Answer

$5.18

Answer

$0.60

Answer

$4.58

Answer

$4.79

Question 5

How does a tip affect your bill?

Accepted Answer

It is added to your bill.

Accepted Answer

It is calculated as a percent of your bill.

Answer

It is subtracted from your bill

Answer

It is multiplied by the total of your bill.

Question 6

A restaurant requires customers to pay a 15% tip to their server. If your family spent $65 on a meal. How much did your family tip your server?

Accepted Answer

$9.75

Answer

$74.75

Answer

$0.00

Answer

$10.00

Question 7

You go to your favourite restaurant for dinner and your favourite server is working. As always your meal is excellent and the service is great. Your initial bill comes to $54.75, and you decide to tip your server 20%. How much do you leave for the server?

Accepted Answer

$10.95

Answer

$20.00

Answer

$67.70

Answer

$65.70

Question 8

You go to your favourite restaurant for dinner and your favourite server is working. As always your meal is excellent and the service is great. Your initial bill comes to $54.75, and you decide to tip your server 20%. How much is your total bill?

Accepted Answer

$65.70

Answer

$20.00

Answer

$67.70

Answer

$10.95

Question 9

When the price of an item is discounted, what does that mean for the purchaser?

Accepted Answer

The price will be lower than the marked price.

Answer

The price will be higher than the marked price.

Answer

The price will be increased by the amount of the discount.

Answer

The price will be multiplied by the percentage of the discount.

Question 10

A store is having a 20% off sale so you decide to buy a $15 shirt. How much will the shirt cost after the discount?

Accepted Answer

$12.00

Answer

$18.00

Answer

$3.00

Answer

$4.50

Question 11

Mrs. Lococo is buying a new car. If she waits until August the dealer is offering a 15% discount on the year end models. The new Benz she wants is $56,595.00. How much could she save if she waits for the sale?

Accepted Answer

$8489.25

Answer

$15,000.00

Answer

$1576.43

Answer

$54,358.50

Question 12

You have to buy some uniform items for St. Michael's where you are planning to go to high school next year. If you go to the early sale in May you get 10% off, if you wait till July you only get 6% off. If you picked out items that totalled $365.00, how much more would you save by shopping in May?

Accepted Answer

$14.60

Answer

$36.50

Answer

$21.90

Answer

$47.45

Question 13

When you are paid by commission it means...

Accepted Answer

Your pay depends on how much you sell.

Accepted Answer

You get a percentage of the total money you bring in to the company.

Answer

You get a bonus on top of your hourly wage at work.

Answer

It's the same as being paid by 'salary'.

Question 14

A real estate agent gets 5% of a sale if they represent the seller and the buyer, but only 3% if they represent one or the other. If the agent sells a home for $679,900.00 how much more would they earn if they got, 'both ends of the deal'?

Accepted Answer

$13,598.00

Answer

$33,995.00

Answer

$713,895.00

Answer

$20,397

Question 15

Charlize works at American Eagle and gets 4% commission on all her sales, plus $400 per week. If she has sales totally $2,736.00 in one week, what is her pay for that week?

Accepted Answer

$536.80

Answer

$400.00

Answer

$136.80

Answer

$355.68

Question 16

Elwood works as a car salesman and makes 3% commission on all sales up to $100,000.00 and 4% on sales over $100,00.00. If he sold 5 cars this month, totalling $287,895.00, what is his pay for the month?

Accepted Answer

$10,515.80

Answer

$11,515.80

Answer

$8,636.85

Answer

$20,152.65

Question 17

If Julia buys a new outfit that is priced at $128.97, at a sale with 20% off, what is the total she pays for the outfit with tax? (HST = 13%)

Accepted Answer

$116.59

Answer

$103.18

Answer

$145.74

Answer

$123.14

Question 18

You and your friends are out for a birthday dinner. There are 7 of you altogether. The total bill comes to $143.65. You decide to tip the server 15%. What does each of you pay? (Don't forget the tax 13%)

Accepted Answer

$30.65

Answer

$186.67

Answer

$183.87

Answer

$26.27

Question 19

As an employee at Foot Locker you are entitled to a 23% discount, or $45.00 of your purchase. The new Nikes you have been waiting for have just been released. They are $212.00. Should you ask for the % discount or the $45 dollars off?

Accepted Answer

% discount

Answer

$45 dollars off

Question 20

The income tax rate on earnings up to $99,999.00 per year is 35%. The income tax rate on earnings over $100,00.00 per year is 40%. You currently make $93, 817.00 per year and you are offered a 7% raise. Should you take it?

Accepted Answer

No

Answer

Yes

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