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Consumer Arithmetic

Total questions: 50

Worksheet time: 2hrs 43mins

Name
Class
Date
1.

Calculate the simple interest earned on $ 400 at 5% for 3 years

a)

$20

b)

$60

c)

$400

d)

$460

2.

A dress costs $340 but is on sale at a discount of 15% how much will the customer pay for the dress

a)

240

b)

289

c)

300

d)

340

3.

Billy buys the ingredients for a cake. The ingredients cost $10. He sells the cake for $7. What is Billy's selling price?

a)

$17

b)

$10

c)

$7

d)

His time.

4.
What is the percentage profit if Tony buys a watch for $50 and sells it for $60?
a)
20%
b)
25%
c)
16.6%
d)
16.7%
5.

You are making $780 per week. How much will you earn in a year?

a)

$45,060

b)

$20,280

c)

$40,560

d)

$9360

6.

Sam owns a T-shirt printing business. His expenses are $4 per shirt. Sam sells each shirt for $10. He sold 327 shirts last month. How much total profit did Sam make on T-shirts last month?

a)

$1,962

b)

$327

c)

$1,308

d)

$989

7.

If TT$6.00 is equivalent to US$1.00, then TT$15.00 in US dollars is

a)

$0.25

b)

$0.40

c)

$2.50

d)

$4.00

8.

A man bought a calf for $200 and sold it for $250

What was his gain as a percentage of the cost price?

a)

5%

b)

15%

c)

20%

d)

25%

9.

During a sale, a shop allows 20% discount off the marked price of clothing. What will a customer pay for a dress with a marked price of $300?

a)

$100

b)

$200

c)

$240

d)

$300

10.

How much does a customer pay for an article marked at $500.00 if a sales tax of 6% is charged?

a)

$440.00

b)

$470.00

c)

$530.00

d)

$560.00

11.

A plot of land is valued at $18 000. Land tax is charged at a rate of $0.70 per $100. What is the total amount of tax to be paid for the land?

a)

$110.00

b)

$126.00

c)

$180.70

d)

$257.15

12.

Sue bought a calculator for $1200. She had to pay a sales tax of 10% on the price. How much change would she receive from $1400?

a)

$80.00

b)

$120.00

c)

$280.00

d)

$320.00

13.

$600 is invested at simple interest for 2 years earns $96. What is the rate of interest per annum?

a)

1/8%

b)

3 1/8%

c)

8%

d)

12 1/2%

14.

A customer buys a table on hire purchase . She makes a deposit of $306 and pays six monthly payments of $60. The TOTAL cost to the customer is

a)

$360

b)

$366

c)

$666

d)

$966

15.

In how many years would $100 invested at 5% per annum simple interest amount to $160?

a)

8

b)

12

c)

16

d)

32

16.

A radio valued at $200 is marked up by 10%. At a sale 10% is taken off the marked price. What was the final selling price of the radio?

a)

$180

b)

$198

c)

$200

d)

$220

17.

What percentage of 30 is 6?

a)

5

b)

18

c)

20

d)

150

18.

A goat was bought for $9500 and sold at a profit of 32%. What was the selling price?

a)

$3040

b)

$6460

c)

$12540

d)

$12700

19.

A man bought a pair of shoes at a sale. He pays $600, saving $150 on the normal price. The percentage discount on the shoes is

a)

20%

b)

25%

c)

33 1/3%

d)

80%

20.

A loan of $8000 was paid back in 2 years in monthly payments of $400.00. The percentage profit on the loan was

a)

5%

b)

8 1/3%

c)

15%

d)

20%

21.

The value of a car depreciates by 5% each year. How much, to nearest ten dollars will a car bought for $5000 be valued after 2 years?

a)

$3750

b)

$45000

c)

$4510

d)

$4990

22.

John is paid $30 per hour up to 40 hours for regular time. Overtime, that is, above 40 hours, he is paid twice the regular rate.

How much will John receive for overtime work if he worked 15 hours overtime?

a)

$300

b)

$450

c)

$600

d)

$900

23.

A television set cost $3500. When bought on hire purchase, a deposit of $350 is required, followed by 12 monthly payments of $300. How much is saved by paying cash?

a)

$100

b)

$250

c)

$400

d)

$450

24.

A salesman is paid 5% of his sales as commission. His sales for last month were $20200. How much commission was paid?

a)

$110

b)

$202

c)

$1010

d)

$1100

25.

A man budgets 25% of his salary for his home, 55% to be banked and the remainder to be spent. How much does he spend if his salary is $5400?

a)

$4320

b)

$1080

c)

$800

d)

$4600

26.

If five cakes which cost $30 each are sold for $135, then the loss per cent is

a)

30%

b)

10%

c)

35%

d)

105%

27.

The selling price of all goods in a store were marked up by 25%.

During a sale, a 25% discount was given on all marked prices. How does the discount prices compare with the selling prices before the mark up?

a)

They were the same

b)

The discount price was less than the selling price

c)

The discount price was more than the selling price

d)

Enough information has not been given in order to make a decision

28.

A man has a taxable income of $120 000 per year. His income tax calculated at 25% per annum is

a)

$2500

b)

$3000

c)

$10000

d)

$30000

29.

The simple interest on $12 000 for 6 months at 20% per annum is

a)

$1200

b)

$3600

c)

$4000

d)

$14 400

30.

A machine valued at $20 000 depreciates by 10% per annum. What is its value after 2 years?

a)

$16000

b)

$18 000

c)

$16200

d)

$24200

31.

If $2000 is invested at 5% per annum compound interest. In which year will the investment amount to $2205

a)

1st

b)

2nd

c)

3rd

d)

4th

32.

What will be the value of $1000 invested at 20% compound interest for two years?

a)

$400

b)

$1400

c)

$1440

d)

$40 000

33.

A retail store has an average 500 persons passing through on a daily basis. On average 35% make a purchase. How many people on average make a purchase?

a)

35

b)

175

c)

325

d)

535

34.

Paul works $800 per hour, as part of a wage bargaining agreement he received a 5.8% increase in his rate. Calculate the increase in dollars.

a)

$40

b)

$46.40

c)

$805.80

d)

$846.40

35.

If 15% of a sum of money is $54, what is the total amount of money?

a)

$8.10

b)

$69.00

c)

$360

d)

$810

36.

What percentage of 40 is 12?

a)

5

b)

20

c)

30

d)

33 1333\ \frac{1}{3}

37.

Mrs James is sewing tablecloths. Each tablecloth requires     2 122\ \frac{1}{2}   m of fabric. How many tablecloths can be made from 20 m of fabric? 

a)

4

b)

6

c)

8

d)

10

38.

Sammy got 3 out of 5 questions correct. The percentage he got correct was

a)

25%

b)

40%

c)

60%

d)

75%

39.

A shopkeeper bought a 20 pound box of salt fish which cost $160. He sold the salt fish at $10 a pound. His profit as a percentage of the cost price was

a)

25%

b)

40%

c)

65%

d)

80%

40.

For every 3 votes that John received, Paula received 5.

If Paula received 80 votes, how many votes did John receive?

a)

30

b)

48

c)

50

d)

77

41.

What is the simple interest on $2000.00 for 3 years at 12% per annum?

a)

$36.00

b)

$360.00

c)

$72.00

d)

$720.00

42.

A washing machine can be bought on hire purchase terms of a deposit of $768 and 12 monthly payments of $74. What is the total hire purchase price?

a)

$854

b)

$888

c)

$1566

d)

$1656

43.

The hire purchase cost of a radio is $6355. If the deposit is a $1000 and the balance is to be paid in 9 equal installments, each installment will be

a)

$595

b)

$635.50

c)

$706.10

d)

$817.20

44.

It is the consumers responsibility to do which of the following?

a)

use products properly

b)

speak up about likes and dislikes

c)

take action to have a wrong corrected

d)

all of the above

45.

The ______ is the original amount of money invested, which will grow over time

a)

interest

b)

installment credit

c)

principal

d)

non-installment credit

46.
You lend $240 to your friend.  He pays you back $270.  What interest rate did you charge your friend?
a)
88%
b)
20%
c)
12.5%
d)
10%
47.
Discount is ____________ from the price.
a)
added
b)
divided
c)
subtracted
d)
multiplied
48.

Sam bought an $85.00 jacket for 40% off of the regular price. How much did he pay for the jacket? (Hint- you're finding the sale price)

a)

75

b)

51

c)

36

d)

34

49.

The regular price of a sofa is $600. If there sales tax is 6%, how much will the sofa cost?

a)

$594.00

b)

$480.00

c)

$636.00

d)

$606.00

50.

Find the final cost of the item: $50 item; $10 coupon off; 10% sales tax

a)

$ 45

b)

$10

c)

$ 44

d)

$55