Consumer Arithmetic

Calculate the basic wage for an employee who works 40 hours a week at a rate of $15 per hour.

• $600

• $400

• $300

• $800

If an employee works 50 hours in a week, how much overtime pay should they receive if the basic rate is $12 per hour?

• $180

• $150

• $100

• $50

Determine the basic rate for an employee who earns $600 for 40 hours of work in a week.

• $15 per hour

• $20 per hour

• $10 per hour

• $25 per hour

Explain what a hire purchase agreement is and how it works.

• A hire purchase agreement means the buyer owns the goods from the beginning

• A hire purchase agreement is when the buyer pays for the goods in full upfront

• A hire purchase agreement allows a buyer to purchase goods by making installment payments over time, and the buyer does not own the goods until the final payment is made.

• A hire purchase agreement allows the buyer to return the goods at any time without any consequences

If the installments for a hire purchase agreement are 10% of the total cost, calculate the percentage for a $500 installment.

• 15%

• 5%

• 10%

• 20%

If an employee's basic wage is $800 and they receive a 5% bonus, what is their total wage?

• 805

• 840

• 820

• 850

A company offers a 15% discount on all hire purchase agreements. If the total cost is $1000, what is the discounted amount?

• $900

• $850

• $950

• $800

Calculate the basic wage for an employee who works 35 hours a week at a rate of $18 per hour.

• $630

• $500

• $550

• $400

If an employee works 48 hours in a week, how much overtime pay should they receive if the basic rate is $14 per hour?

• $100

• $294

• $200

• $150

Determine the basic rate for an employee who earns $700 for 45 hours of work in a week.

• $14.25 per hour

• $18.80 per hour

• $15.56 per hour

• $16.50 per hour