Consumer Arithmetic

Consumer Arithmetic

11th Grade

15 Qs

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Consumer Arithmetic

Consumer Arithmetic

Assessment

Quiz

Mathematics

11th Grade

Practice Problem

Medium

Created by

Patrick Flowers

Used 10+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

$600

$400

$300

$800

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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%

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

805

840

820

850

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

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

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