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grade 12 maths lit

Total questions: 54

Worksheet time: 56mins

Name
Class
Date
1.

Value Added Tax is

a)

Tax on food

b)

Tax that is added on special goods and services

c)

Tax that is levied on almost all goods and services

2.
Some business costs are classified as fixed costs because they
a)
must be paid within a set time
b)
don't change when sales go up or down
c)
are unpredictable and must be estimated
d)
cost all businesses the same amount
3.
When a business has made enough money to pay its costs and begin to make a profit, it has reached its
a)
break-even point
b)
variable-cost margin
c)
fixed cost
d)
selling price
4.

Find the discount and sale price?


Regular price = $63.45

Percent of discount = 25%

a)

Discount = $15.86

Sale price = $55.00

b)

Discount = $15.86

Sale price = $47.59

5.

Find the discount and sale price?


Regular price = $415.38

Percent of discount = 15%

a)

Discount = $62.31

Sale price = $353.07

b)

Discount = $62.31

Sale price = $43.07

6.

Money that you earn.

a)

Asset

b)

Expense

c)

Income

7.

What is an expense?

a)

Money that you spend or give away.

b)

Money that you earn.

c)

Money that you put away for later.

8.

A shopkeeper buys a television for $150 and sells it for $240. What is the percentage profit or percentage loss?

a)

37.5% loss

b)

37.5% profit

c)

60% profit

d)

60% loss

9.

The profit percent is found as a percent of

a)

Profit

b)

Selling Price

c)

Cost Price

d)

Sale Price

10.

Nehemiah bought a cell phone for $60 and sold it at a loss of 15%. How much did he sell the cell phone for?

a)

$69

b)

$51

c)

$22

d)

$25

11.

Calculate the percentage profit if an item is bought for $75 and sold for $120.

a)

75%

b)

50%

c)

200%

d)

60%

12.

Select the unit for speed

a)

m/s

b)

ms

c)

m/s^2

d)

ms^2

13.

Select the unit for speed

a)

m/s

b)

ms

c)

m/s^2

d)

ms^2

14.
What is the equation to calculate speed?
a)
speed = distance/time
b)
speed = time/distance
c)
speed = time x distance 
d)
speed = speed/time 
15.
What is the equation to calculate speed?
a)
speed = distance/time
b)
speed = time/distance
c)
speed = time x distance 
d)
speed = speed/time 
16.
What is the equation to calculate time?
a)
time = speed/distance
b)
time = distance/speed 
c)
time = speed x distance 
d)
time = distance x speed
17.
What is the speed of a man who runs 10 miles in 1 hr?
a)
20 miles
b)
10 m/min
c)
10 miles/hr
d)
20 hrs
18.
What is the speed of a car that travels 400 m in 20 minutes?
a)
20 miles/hr
b)
20 m/min
c)
800 m/min
d)
200 miles/hr
19.
A train travels 25 km in .5 hrs. How fast is the train going?
a)
25 miles/hr
b)
5 miles/hr
c)
125 km/hr
d)
50 km/hr
20.

If it takes 45 s to travel 50 m, what was your average speed over the course of the trip?

a)

2,250 m/s

b)

0.9 m/s

c)

1.1 m/s

d)

95 m/s

21.

How many seconds does it take to travel 800 cm at a speed of 25 cm/s?

a)

32 s

b)

20,000 s

c)

0.03 s

d)

25 s

22.

A horse follows a dangling carrot for 20 m, if it took her 50 seconds to reach it, what was her average velocity?

a)

1,000 m/s

b)

2.5 m/s

c)

0.4 m/s

d)

20 m/s

23.

An astronaut travels at a speed of 400 m/s for 250 seconds, what is the total distance he traveled?

a)

0.625 m

b)

100,000 m

c)

1.6 m

d)

650 m

24.

what do we call a shape with four equal sides?

a)

cylinder

b)

square

c)

rectangle

d)

triangle

25.

Rearrange the following into ascending order: 8 6 2 3 4 8 7

a)

8 8 7 6 4 3 2

b)

2 3 4 6 7 8 8

c)

16 7 6 4 3 2

d)

2 3 4 6 7 16

26.

Calculate the range in the following set of data: 9 2 3 5 7 6 8 9

a)

7

b)

17

c)

0.7

d)

7.5

27.

Complete the following sentence: The range is the ____ subtracted from the _____ ?

a)

lowest and highest

b)

highest and lowest

c)

average and highest

d)

average and lowest

28.

Distinguish the mode of the following numbers: 3 5 6 4 2 3 2 3 5 3 8

a)

2

b)

5

c)

3

d)

3.5

29.

Distinguish the correct definition for mode?

a)

The mode of the set of data given.

b)

The number that occurs the most.

c)

The average number.

d)

The middle number.

30.

Find the median of the following set of data: 2 3 6 8 9 11 12

a)

8 and 9

b)

6 and 8

c)

8.5

d)

8

31.

Describe the meaning of the median?

a)

Middle most number.

b)

Number that occurs the most.

c)

The lowest number.

d)

The highest number.

32.

Select the definition of MEAN ?

a)

The middle number.

b)

The number that occurs the most.

c)

The average of a set of given data.

d)

The highest number.

33.

With a conversion rate of 1 kg = 2.205 lbs calculate how much kgs are 4321 lbs. Round it up to the nearest ten.

a)

1960 lbs

b)

2000 lbs

c)

1959 lbs

d)

1999 lbs

34.

Calculate Sophie’s BMI if their weight is 80 kg and their height is 150cm. Using the formula: BMI=Weight (kg)height (m)2BMI=\frac{Weight\ \left(kg\right)}{height\ \left(m\right)^2}

a)

35,6

b)

33,1

c)

38

d)

32

35.

Calculate the volume of the tin with a height of 30cm and a diameter of 12mm. Round your answer to the nearest whole number.

a)

33cm

b)

34mm

c)

45cm

d)

34cm

36.

Find the equivalent fraction .

2/8

a)

1/4

b)

3/8

c)

4/9

d)

9/12

37.

Write the improper fraction as a mixed number

12/4

a)

3 3/4

b)

3 1/4

c)

3

d)

4

38.

Write the mixed number as an improper fraction

5 6/7

(a)  

39.

Which symbol is correct for these two fractions?

a)

>

b)

<

c)

=

40.
Simplify the Fraction
4/16
a)
1/4
b)
1/2
c)
2/8
d)
3/4
41.

In a class of 42 students the ratio of male: female is 2:4. How many females are there?

a)

14

b)

28

c)

40

d)

42

42.

If 200 grams of one ingredient is used in a recipe, which calls for a ratio of 4:7 with a second ingredient, how much of the second ingredient is needed?

a)

203 grams

b)

280 grams

c)

350 grams

d)

1400 grams

43.

The ratio of A to B is 2 : 1

The ratio of B to C is 1 : 6


Find A : C in its simplest form.

a)

1 : 3

b)

1 : 6

c)

2 : 6

d)

3 : 1

44.
5)  Megan is currently in 8th grade and wants to begin saving money for college.  She wants to invest $2000 in a simple interest account that pays at a rate of 3.5%.  How many years will she have to save for the account to gain $490 in simple interest? 
a)
5 years
b)
6 years
c)
7 years
d)
8 years
45.
8)  Jose wants to save money for a house and finds two accounts that pay 3% in interest.  He wants to invest $3000.  He has 2 options to invest his money. Option A is a simple interest account with a time period of 10 years. Option B is a compound interest account with a time period of 12 years.  What would be his account balance in Option B?
a)
$4,277.28
b)
$900
c)
$1,277.28
d)
$1,080
46.

What does the "I" in the interest formula stand for?

a)

Principal

b)

Rate

c)

Time

d)

Interest

47.

Write 4.3% as a decimal.

a)

4.3

b)

.43

c)

0.043

d)

4300

48.

Change 6.5% to a decimal

a)

.65

b)

6.5

c)

.065

d)

.065%

49.
Principal: $999
Interest Rate: 5.45%
Time: 19 years
Compounded Quarterly
State the future account balance.
a)
$2794.10
b)
$2738.11
c)
$2774.98
d)
$2807.11
50.
The simple interest formula is I=Prt.  The P represents the principle.  The principle is ___________________.  
a)
the amount of money borrowed or deposited
b)
the percent interest for his year
c)
the amount taxed
d)
the amount the bank owes you for being a customer at their bank
51.
The rate is given as a percent (%).  Before using it in the simple interest formula, you must first convert it to a______.
a)
fraction
b)
decimal
c)
ratio
d)
dollar amount
52.
Emily would like to buy some new furniture for her home. She decides to buy the furniture on credit with 9.5% interest compounded quarterly. If she spent $7,400, how much total will she have paid after 8 years.
a)
$15,415.94
b)
$15,683.28
c)
$15,927.56
d)
$16,109.05
53.
Monthly means how many times a year?
a)
4 
b)
12
c)
52
d)
365
54.
Karla invested $1,000 in savings bonds. If the bonds earn 6.75% interest compounded semi-annually, how much total will Karla earn in 15 years?
a)
$1,584.62
b)
$2,651.39
c)
$2,706.86
d)
$1,825.10

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