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Chapter 3 Review: Making Sound Purchasing Decisions

Total questions: 20

Worksheet time: 41mins

Name
Class
Date
1.

The HST paid on most purchases in Ontario is _______%

a)

12

b)

13

c)

14

d)

15

2.

Estimate the after-tax cost of: shoes at $79.99

a)

$80

b)

$90

c)

$100

d)

$110

3.

Estimate the after-tax cost of: jeans at $109.99

a)

$110

b)

$115

c)

$125

d)

$140

4.

Which of the following are common incentives used by retailers? (check all that apply)

a)

Buy one get one 50% off

b)

Free trial period/free gift

c)

Coupon for Future Purchase

d)

Reward Points/Loyalty Points

5.

A television is regular price $499.99. It is on sale for 25% off. Estimate the discount taken off the regular price.

a)

$25

b)

$500

c)

$200

d)

$125

6.

A television is regular price $499.99. It is on sale for 25% off. Estimate the sale price before taxes.

a)

$325

b)

$200

c)

$375

d)

$495

7.

A television is regular price $499.99. It is on sale for 25% off. Estimate the total price after taxes.

a)

$325

b)

$200

c)

$375

d)

$425

8.

You work at a coffee shop. A customer buys a coffee for $2.45 and gives you two toonies. Determine the correct change.

a)

$2.45

b)

$0.55

c)

$1.55

d)

$3.00

9.

Determine the unit price of each can of pop. 6-pack for $3.99.

a)

$0.67

b)

$0.58

c)

$0.50

d)

$0.47

10.

Determine the unit price of each can of pop. 12-pack for $6.99.

a)

$0.67

b)

$0.58

c)

$0.50

d)

$0.47

11.

Determine the unit price of each can of pop. 24-pack for $11.99.

a)

$0.67

b)

$0.58

c)

$0.50

d)

$0.47

12.

Determine the unit price of each can of pop. 30-pack for $13.99.

a)

$0.67

b)

$0.58

c)

$0.50

d)

$0.47

13.

Caroline makes a trip to the U.S. and buys a jacket for $79.99 (U.S. Dollars). If the current exchange rate is 1.32, determine the cost of the jacket in Canadian Dollars.

a)

$105.59

b)

$85.00

c)

$125.99

d)

$60

14.

A furniture warehouse sells a dining set for a cash price of $1050 plus HST. They also have an installment plan of 36 monthly payments of $37.99. HST is included in the installments. Determine the after-tax cash price.

a)

$1367.64

b)

$1050

c)

$2000

d)

$1186.50

15.

A furniture warehouse sells a dining set for a cash price of $1050 plus HST. They also have an installment plan of 36 monthly payments of $37.99. HST is included in the installments. Determine the total cost of using the store's installment plan.

a)

$1367.64

b)

$1050

c)

$2000

d)

$1186.50

16.

A furniture warehouse sells a dining set for a cash price of $1050 plus HST. They also have an installment plan of 36 monthly payments of $37.99. HST is included in the installments. State 1 advantage of paying cash.

a)

The cash price costs you more.

b)

You save money compared to installments.

c)

You can take more time to pay for the dining set.

17.

A furniture warehouse sells a dining set for a cash price of $1050 plus HST. They also have an installment plan of 36 monthly payments of $37.99. HST is included in the installments. State 1 advantage using the installment plan.

a)

The cash price costs you more.

b)

You save money compared to installments.

c)

You can take more time to pay for the dining set.

18.

The price of a wakeboard from Buffalo is $255 US Dollars, plus $35 US shipping costs. The same wakeboard can be ordered from a store in Toronto. The price is $325 Canadian Dollars. The current exchange rate is $1 US = $1.32 Canadian. What is the cost of the wakeboard (before shipping) from Buffalo in Canadian Dollars?

a)

$255

b)

$336.60

c)

$382.80

d)

$367.25

19.

The price of a wakeboard from Buffalo is $255 US Dollars, plus $35 US shipping costs. The same wakeboard can be ordered from a store in Toronto. The price is $325 Canadian Dollars. The current exchange rate is $1 US = $1.32 Canadian. What is the total cost of the wakeboard (including shipping) from Buffalo in Canadian Dollars?

a)

$255

b)

$336.60

c)

$382.80

d)

$367.25

20.

The price of a wakeboard from Buffalo is $255 US Dollars, plus $35 US shipping costs. The same wakeboard can be ordered from a store in Toronto. The price is $325 Canadian Dollars. The current exchange rate is $1 US = $1.32 Canadian. What is the after-tax cost of the wakeboard from Toronto?

a)

$255

b)

$336.60

c)

$382.80

d)

$367.25