Consumer Arithmetic Quiz 1

A store charges 6% VAT on all sales. What is the total cost of a shirt marked at $30 ?

• $28.20

• $31.80

• $33.84

• $36.00

The cash price of a camera is $450.00. It can be bought on hire purchase by

making a deposit of $90.00 and 12 monthly instalments of $34.50 EACH.

Calculate

(a) The TOTAL hire purchase price of the camera, (2 marks)

(b) the amount saved by buying the camera at the cash price. (1 mark)

The cost price of a plot of land was $20 000. The plot of land was sold for $24 400.

Calculate the profit as a percentage of the cost price.

A shopkeeper buys 48 radios for a wholesale price of J$72 000. At what price

per radio must he sell to make a profit of 15% on his cost?

Mr James works a basic week of 40 hours at a rate of $16 an hour. His overtime rate

is $4 per hour MORE than his basic rate.

Calculate

(a) his total wage for a basic week,

(b) his wage for a week in which he worked 47 hours,

(c) the number of hours he worked during one week if he was paid a wage of $860.