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Consumer Arithmetic - Quiz 1

Total questions: 14

Worksheet time: 11mins

Name
Class
Date
1.

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

2.
Discount is ____________ from the price.
a)
added
b)
divided
c)
subtracted
d)
multiplied
3.

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

4.

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

5.

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%

6.

What percentage of 30 is 6?

a)

5

b)

18

c)

20

d)

150

7.

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

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.

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

10.

Sarah receives a normal hourly rate of $22.60 per hour. What is her pay when she works an 8 hour day at a normal rate and 3 hours at time-and-a-half?

a)

$180

b)

$270

c)

$296.60

d)

$282.50

11.

Paul is buying washing powder. His brand comes in three different sizes, 350 g for $1.86, 800g for $3.28 and 2kg for $8.70. Which is the best buy.

a)

350 g for $1.86

b)

800 g for $3.28

c)

2 kg for $8.70

12.

If I buy a shirt for $25 and sell it for $40, do I make a profit or a loss?

a)

Profit

b)

Loss

13.

8. Calculate the compound interest on $900 for two (2) years at 3% per annum.

a)

  $845.19

b)

$873.00

c)

   $927.00

d)

  $954.81

14.

Pierre, an art dealer, earns 25% commission of the dollar value of the art pieces that he sells at the Bizzell Gallery. Pierre earns $10,800 this month. What is the total dollar value of the art that he sells?

a)

$43,200

b)

$2,700

c)

$270,000

d)

$10,800