Unit 5 CFA Review

Your family goes to your favorite restaurant for your birthday. Your total bill is $80. Your mom wanted to leave a 15% tip, and she knew that 15% would be 10% plus half of 10%. Which equation shows the correct calculation of the tip?

• $8 + $4 = $12

• $8 + $8 = $16

• $4 + $2 = $6

• $8 + $0.80 = $8.80

Sarah works at a popular clothing boutique downtown. She earns a 5% commission on each sale she makes. If she had $400 in sales last week, how much money did she make in commissions?

• $20

• $200

• $40

• $400

Target has a new online store restocking fee policy of 25%. What will the restocking fee be for an item that costs $500.00?

• $125

• $250

• $50

• $100

Joe earns 15% commissions on every sale he makes. Joe needs to earn $300 in commissions this week, what must his total sales be?

• $45

• $255

• $2000

• $2300

Jeremiah bought a concert ticket for $110.25. If sales tax is 8.5%, how much will he pay in total?

• $118.75

• $119.62

• $100.88

• $125.62

Find the total price on a $1049 television that is on sale for 12% off if the sales tax is 4.5%

• $923.12

• $950.66

• $964.66

• $980.12

Kelly's bill at a restaurant came to $21.52. If she decides to leave an 18% tip, how much of a tip should she leave?

• $18

• $2.15

• $4.30

• $3.87

The price of the new Apple Watch is going to be 6.5% higher than the current generation. If the current generation Apple Watch costs $350.00, how much with the next generation Apple Watch cost?

• $372.75

• $356.50

• $577.50

Jake bought a new boat over MLK weekend. The original price of the boat was $23,500, but Jake only paid $20,562.00. What was the percent discount he received?

• 11% off

• 11.5% off

• 12% off

• 12.5% off

Joan found the same pair of shoes on sale at three different stores. All the stores have the same original price of $30.00.

The first store has the shoes on sale for 25% off.

The second store has them on sale for $8.00 off.

Which store has the best deal?

• First Store

• Second Store