Module 2 Assessment Review

MJ Supply distributes bags of dog food to pet stores. Its markup rate is 28%. Which equation represents the new price of a bag of dog food, y, given an original price, x?

• y = 0.72x

• y = 1.28x

• y = x - 0.72

• y = x + 1.28

A certain airline charges a service fee of 7% for each plane ticket purchased. What is the total price the airline charges for a $320 plane ticket?

• $322.24

• $342.40

• $354.24

• $365.71

Last year's computer models are discounted 20%. If a computer is on sale for $1,480, what is the original price of the computer rounded to the nearest dollar?

• $1,184

• $1,554

• $1,776

• $1,850

A group of friends' dinner bill before tax is $87.50. The sales tax rate is 5%. They want to leave a 15% tip after tax. What is their total dinner bill, including tax and tip, rounded to the nearest cent?

• $105.00

• $105.63

• $105.66

• $106.88

Miguel’s Skate Shop is having a sale on skateboards. The original price for its Extreme Skateboard is $84.50. The sale price for the skateboard is $50.70. What is the percent decrease in the price of the skateboard?

• 33.8%

• 40%

• 60%

• 66.7%

Talia sells educational software for a yearly salary of $65,000 plus a 2.65% commission on her total sales. If Talia sells $2.5 million of software during one year, what are Talia’s earnings for that year?

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Tyrone buys office supplies for his home business. The office supplies cost $175.79 before tax. The sales tax rate is 8.25%. How much sales tax does Tyrone pay for the office supplies rounded to the nearest cent?

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Janella is having her hair styled and wants to tip her stylist 18%. Write an equation that Janella can use to calculate the tip, y, if her total bill is x dollars.

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Monty buys hats in bulk to sell in his store. His cost for each hat is $17. He marks up the hats 45%. How much does Monty charge per hat?

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Marisol deposits $5,000 in a savings account earning 5.75% simple interest per year. Part A How much interest will Marisol earn for a period of 5 years?

• $143.75

• $287.50

• $1,437.50

• $2,875.00