S2 Final Exam - Financial Math

Luiz has worked 35 hours each of the past two weeks. If he earns $7.50 an hour and is paid every two weeks, what is his gross pay for the last two-week pay period?

• $262.50

• $393.75

• $525.00

• $637.50

The total amount of income earned during a pay period (before taxes).

• Gross Pay

• Net Pay

1. A couple eats dinner at the Cheesecake Factory. The total cost is $68.50, and the tip should be 20%. How much should they leave for tip?

A man buys a TV. The total cost is $2,500, and the sales commission is 8%. How much should the salesperson get?

A little boy gets a haircut. The total cost is $24, and the tip should be is 10%. How much should the barber get as a tip?

It costs $50 to have your dog groomed. If you tip the groomer 15%, how much will you spend altogether?

Ivan bought two magazines for $4.95 each. If the sales tax was 6.75%, what was the total amount that he paid for the magazines?

Nate went shopping at a bookstore. The price of the book selected was $14.95, but it had a sale sticker on it. When he paid for the book, he was charged $12.71 before sales tax was added. What was the percent of discount to the nearest percent?

Justin is buying a cell phone that has a regular price of $149. The cell phone is on sale for 15% off the regular price. What will be the sale price?

The original price of a collectible model airplane is $115. The discounted price is $99. What is the percent of discount to the nearest percent?