Unit 3 Test - Budgeting and Wise Spending

Leiff goes online to buy a new video game. He finds a site that currently has a promotion of 15% off on all orders over $50. Leiff decides to buy his video game, with a price tag of $128, at this site because he knows that he will get the 15% discount when he checks out. Leiff pays 5.3% sales tax on the discounted price and pays a shipping fee of $4.75. What is the total of Leiff’s online purchase?

• $112.84

• $114.57

• $118.82

• $119.32

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.RP.A.3

On his road trip, Leon stops to refuel and get some snacks. He has the following purchases:

12 gallons of gas at $2.89 per gallon

2 granola bars for $1.59 each

1 apple for $0.89

2 bottles of vitamin water for $1.39 each

Leon must pay 7.5% sales tax on everything but the gas, which already has tax included in the per gallon price. If Leon paid $44.64, then he _____ for his purchase.

• did not pay enough

• paid correct amount

• paid $2.60 too much

• paid $3.11 too much

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.2

CCSS.7.NS.A.3

CCSS.7.RP.A.3

Using the following prices, calculate the unit price to determine how much it would cost for 7 granola bars and 9 bottles of water.

$7.14 for 6 granola bars

$8.72 for 8 bottles of water

• $18.14

• $18.63

• $21.41

• $31.72

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.1

CCSS.7.RP.A.3

Given the following information, choose the brand that is the better buy.

Brand A: $1.25 for 10 ounces

Brand B: $1.47 for 12 ounces

Brand C: $1.68 for 14 ounces

Brand D: $1.84 for 16 ounces

• Brand A

• Brand B

• Brand C

• Brand D

Tags

CCSS.7.RP.A.1

CCSS.7.RP.A.2

The music store is having a 15% off sale on all classical music cds. Lyell has a coupon for 20% off any classical music cd. How much will Lyell save on a classical music cd that has a price of $23.99?

• $7.20

• $7.68

• $8.40

• $9.60

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

CCSS.7.RP.A.3

The Changs updated their bedroom by purchasing a new lamp for $89.95 and a comforter set for $239.99. They paid 6.6% sales tax on their purchases. If the Changs paid $351.72 total, determine if they paid the correct amount.

• paid $0.33 too much

• paid $0.99 too much

• paid $5.94 too much

• paid correct amount

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.1

CCSS.7.NS.A.2

CCSS.7.NS.A.3

CCSS.7.RP.A.2

CCSS.7.RP.A.3

A family eats out at a restaurant and the total for their meals is $73.89. They also pay sales tax of 5.8% and leave a tip for their server. If the family leaves a total of $93, which of the following might be a description of the service they received?

• 10% below average

• 15% average

• 20% above average

• 25% outstanding

Tags

CCSS.7.EE.B.3

CCSS.7.RP.A.3

Muriel has kept track of her income and expenses for the week in the spreadsheet below. How much was Muriel’s restaurant bill?

• $17.66

• $42.55

• $6.35

• $112.55

Tags

CCSS.7.EE.B.3

CCSS.7.NS.A.3

Cassandra is trying to think of a good way to keep her financial records. She makes a lot of purchases, using cash, debit cards, and credit cards about equally. When she gets home every day, she tends to be very tired and doesn’t like to do a lot of organized thinking. She tends to lose individual pieces of paper if she doesn’t file them immediately. What might be a good method for Cassandra to use?

• Recording all of her daily expenditures in an organizational computer program.

• Keeping and collecting receipts for everything she buys.

• Tracking and collecting her bank and credit statements every month.

• Carrying a notebook and immediately recording all of her transactions in it.

Which of the following statements best gives the reasons that a data usage bill for a smart phone is an essential (variable) expense?

• It is an obligation to pay, but the spender has some control over its amount.

• It cannot be eliminated in a later budget, in order to save money.

• It is expected to be the same amount every month.

• Bills for services rendered have a higher priority than any other type of expense.