FCC TEACH CENTRE

THIRD QUARTER EXAM

BUSINESS MATHS ( PENN 3 )
NAME : ________________
Answer the questions. Marks will be given for working ( 50 % )
1. Jerry bought an 5050 dollar computer discounted 25 % , what did he pay for the
computer ?

2. Find the selling price of an item listed at 400 subject to a discount series of 25
%, 15% and 5%.

3. A $50 calculator is on sale for $37.50, what is the percent decrease?

4. What will the 8% sales tax be on purchases totaling $145.50?

5. You buy 12 keyboards for 130 each less 15 %. What is your

subtotal before
taxes?

6. What is the ordinary interest on $1,360 for 90 days at 4%?

7. Find the exact interest on $500 at 8% for 45 days.

8. If Kevin makes 7.55 an hour and works 55 hours, what is his

gross pay?

9. Last month, a company has receipts totaling $3,800. The

company had overhead
costs of $ 555.0?

10. An invoice for $400 has terms 2/10, 1/30, n/60. If you pay on
the eighth day,
how much will you remit?