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M2, T1 Mid-Topic Assessment

Total questions: 15

Worksheet time: 1hrs 20mins

Name
Class
Date
1.

TEKS 7.4D

The price for a pair of jeans was reduced from $40 to $24. By what percentage was the price for the pair of jeans reduced?

a)

25%

b)

30%

c)

40%

d)

45%

2.

TEKS 7.4D

Nora has a collection of 2500 stamps. Of the stamps in Nora’s collection, 30% show U.S. presidents, 45% show animals, and the rest show famous athletes. How many stamps in Nora’s collection show famous athletes?

a)

625 stamps

b)

750 stamps

c)

800 stamps

d)

825 stamps

3.

TEKS 7.13A

The price of a picture frame is $12 plus 7% sales tax. What is the amount of sales tax on this picture frame?

a)

. $0.084

b)

$0.84

c)

$1008.00

d)

$1488.00

4.

TEKS 7.13E

Jia Li invested an initial amount of $480 into an account with a 3% simple interest rate. If Jia Li does not make any withdrawals or additional deposits, what is the total amount she will have in her account at the end of 7 years?

a)

$100.80

b)

$580.80

c)

. $1008.00

d)

$1488.00

5.

TEKS 7.13F

Jacob wants to buy a new e-book reader that costs $120. He has a coupon for 15% off the item and another coupon for $20 off the item. He can only use one coupon. Which should he use to get the best deal on the e-book reader? Explain your reasoning.

a)

$20 off coupon; He saves $2 by using the $20 off coupon instead of the 15% off coupon.

b)

$20 off coupon; He saves $5 by using the $20 off coupon instead of the 15% off coupon.

c)

15% off coupon; He saves $2 by using the 15% off coupon instead of the $20 off coupon.

d)

15% off coupon; He saves $5 by using the 15% off coupon instead of the $20 off coupon.

6.

A realtor makes 5% commission on each sale. How much commission does the realtor earn for selling a $150,000 home?

a)

The commission is $750,000.

b)

The commission is $75.

c)

The commission is $7500.

d)

The commission is $750.

7.

7.4D

A realtor makes 5% commission on each sale. If the realtor earned a $8750 commission, what was the price of the home?

a)

$1705.88

b)

$437.50

c)

$875000

d)

$175000

8.

7.13E

I=Prt

P=175

r=2%

t=5 years

I=?

a)

$17

b)

$17.50

c)

$1750

d)

$1700

9.

7.13 E

I=Prt

I=$43.50; P=$290; r=5%; t=?

a)

630.75 years

b)

33 years

c)

3 years

d)

4 years

10.

7.13 E

I=Prt

I $54

P=?

r=3%

t=6 years

a)

$3

b)

$30

c)

$300

d)

$3000

11.

In Atlanta, Georgia, the state sales tax rate is 8%. The price tag on an HDTV gives the price as $550. There are no discounts available. What is the total cost for the TV, including sales tax, in Atlanta, Georgia?

a)

$4400

b)

$44

c)

$594

d)

$604

12.

In Atlanta, Georgia, the state sales tax rate is 8%. The price of a tablet sold in Atlanta, Georgia is $725. What is the sales tax on this tablet?

a)

$58

b)

$783

c)

$56

d)

$63

13.

7.13A

Lyndon got a new job that pays $24.25 per hour. He works 40 hours per week and is paid every 2 weeks. He pays 5% state income tax on his earnings. What is the amount of income tax that is deducted from Lyndon’s paycheck every 2 weeks?

a)

$48.50

b)

$97

c)

$970

d)

$38800

14.

. A laptop computer is normally $1299, but is discounted to $779.40. What percent of the original price does Charles pay?

a)

$62

b)

62%

c)

$60

d)

60%

15.

7.13A

Find the sales tax percent that Indiana charges customers on selected purchases.

Price of item: $40.00

Price including sales tax: $42.80

a)

7%

b)

6%

c)

93%

d)

94%