Unit 3 Consumer Math Test Review

Which label would match what the situation is asking?

Kaia is buying a bike for $350. If her bank charges 10% over the next 2 years, how much will Kaia pay for the bike?

• simple interest

• total bill

• percent of change

• tip only

Which label would match the situation below?

Bill borrowed $500 to buy a iPad for work. The bank gave him 1 year to return the money, but a rate of 5%. How much extra did he pay?

• total bill

• percent of change

• simple interest

• tax only

Which label would match the situation below?

In Chesapeake the tax is 4%. After purchasing 4 bags of Cheetos for $1.99 each, how much would you owe in tax?

• Total bill

• Percent of Change

• Discount only

• Tax only

Which label would match the situation below?

The price of Dr. Pepper was $2.99 in 2015. In 2017 Dr. Pepper was $2.59. Find the percent of decrease in Dr. Pepper prices.

• Total bill

• Percent of change

• Simple interest

• Tax only

Which label would match the situation below?

Jayden went to the grocery store with a 10% off coupon. How much did he save on $5.99 paper towels?

• Discount only

• Tax only

• Total bill

• Simple interest

Find the selling price. Round to the nearest cent.

Store cost: $25.00. Percent of markup: 110%.

• $2.50

• $27.50

• $52.50

• $80.00

Find the sale price. Round to the nearest cent.

Regular price: $57.26. Percent discount 15%.

• $48.67

• $8.59

• $51.67

• $57.67

The sales tax is 7.5%. Find the tax for shoes that cost $55.

• $59.13

• $4.13

• $4.12

• $59.12

Find the interest earned in an account with $750 invested at 5% annual simple interest for 2 years.

• $37.50

• $75.00

• $787.50

• $825.00

The owner of a record store received a shipment of records at a cost of $52.30 each. If he sells the records for $76.50 each, what is the percent of increase? (Round to the nearest whole percent if necessary.)

• 46%

• 32%

• 92%

• 64%