Car Purchase Quiz

What is the percent markup if the dealers cost is $16,000 and the sticker price is $17,900?

• 10%
• 12.5%
• 11.9%
• 35.9%

What is the miles per gallon (mpg) if you drove 2200 miles and used 100 gallons of gas?

• 25 gallons
• 30 gallons
• 20 gallons
• 22 gallons

If you drove 1000 miles in a month and your car gets 20 mpg, then how much did you spend that month on gas if a gallon of gas cost $2.25?

• $112.50
• $152.50
• $135
• $120

How many gallons of gas did you use if you took a trip of 3000 miles and your car gets 25 mpg?

• 135
• 165
• 150
• 120

How far can you travel if your car holds 20 gallons of gas and gets 35 mpg?

• 600 miles
• 700 miles
• 775 miles
• 650 miles

If insurance costs $2640 per year, then how much would you need to budget per month?

• $220
• $184
• $424
• $316

Current value of your car is $22,000. If your car depreciates 20% every year, find the value of your car by the end of the first year.

• $11,000

• $14,000

• $15,400

• $17,600

How much of a down payment would you need if you were going to put 10% down on a car purchased at $28,000?

• $3,240
• $1,845
• $2,800
• $2,725

What was the total amount paid for a car with monthly payments of $320 for 5 years and a down payment of $5000?

• $24200
• $6600
• $8840
• $19200

A person can decrease the amount of interest paid on a car loan by doing the following:

• increase the number of months to pay back the loan
• decrease the number of months to pay back the loan
• increase the APR
• pay a smaller down payment