Review #2 Financial Literacy midterm

Review #2 Financial Literacy midterm

9th - 12th Grade

23 Qs

quiz-placeholder

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Review #2 Financial Literacy midterm

Review #2 Financial Literacy midterm

Assessment

Quiz

Mathematics

9th - 12th Grade

Medium

MA.912.FL.2.5, MA.912.FL.3.5, MA.912.FL.1.1

+2

Standards-aligned

Created by

Jennifer Storts

Used 9+ times

FREE Resource

23 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Why do stores rarely advertise the full price of big purchases like smartpones?

They are trying to keep their prices competitive

They are trying to cheat you

By showing you only the monthly payment, they make the product seem affordable

Hiding the full price allows stores to change their pricing as the market fluctuates.

Tags

MA.912.FL.3.5

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Alfonso purchased a drum set from the Carlton Music Center. The drum set regularly sold for $1,000, but was on sale for 45% off. He also had to pay 5% sales tax. He bought it on an installment plan and paid 20% of the total cost with tax as a down payment. His monthly payments were $49.80 per month for 12 months.

What is the discount?

$350

$450

$250

$150

Tags

MA.912.FL.1.1

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Alfonso purchased a drum set from the Carlton Music Center. The drum set regularly sold for $1,000, but was on sale for 45% off. He also had to pay 5% sales tax. He bought it on an installment plan and paid 20% of the total cost with tax as a down payment. His monthly payments were $49.80 per month for 12 months.

What is the sale price?

$850

$650

$750

$550

Tags

MA.912.FL.1.1

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Alfonso purchased a drum set from the Carlton Music Center. The drum set regularly sold for $1,000, but was on sale for 45% off. He also had to pay 5% sales tax. He bought it on an installment plan and paid 20% of the total cost with tax as a down payment. His monthly payments were $49.80 per month for 12 months.

What is the sales tax?

$27.50

$42.50

$37.50

$32.50

Tags

MA.912.FL.1.1

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Alfonso purchased a drum set from the Carlton Music Center. The drum set regularly sold for $1,000, but was on sale for 45% off. He also had to pay 5% sales tax. He bought it on an installment plan and paid 20% of the total cost with tax as a down payment. His monthly payments were $49.80 per month for 12 months.

What is the total cost of the drum set?

$577.50

$892.50

$682.50

$787.50

Tags

MA.912.FL.1.1

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Alfonso purchased a drum set from the Carlton Music Center. The drum set regularly sold for $1,000, but was on sale for 45% off. He also had to pay 5% sales tax. He bought it on an installment plan and paid 20% of the total cost with tax as a down payment. His monthly payments were $49.80 per month for 12 months.

What is the down payment?

$136.50

$178.50

$115.50

$157.50

Tags

MA.912.FL.3.6

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Alfonso purchased a drum set from the Carlton Music Center. The drum set regularly sold for $1,000, but was on sale for 45% off. He also had to pay 5% sales tax. He bought it on an installment plan and paid 20% of the total cost with tax as a down payment. His monthly payments were $49.80 per month for 12 months.

What is the total of the monthly payments?

$597.60

$839.04

$745.08

$691.08

Tags

MA.912.FL.3.6

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