Business Calculations 2006 Practice Test

Kathy earned a total of $1,648.00 from summer babysitting. Kathy paid $379.04 in required taxes. She also spent $230.00 for gas. What was Kathy’s disposable personal income for the summer?

•  $1,648.00

• $1,268.96

• $1,418.00

• $1,038.96

Ryan earned 75% on his history exam. If there were 80 questions on the exam, how many did he answer correctly?

• 60

• 68

• 58

• 62

Jim made 8 free throws in 17 attempts. Rounded to the nearest whole number, what percent of free throws did he make?

• 23%

• 51%

• 56%

• 47%

Gas is selling for $1.89/gallon. Last year at this time, gas was selling for $1.68/gallon. Rounded to the nearest whole percent, by what percent did the price of gas increase from last year?

• 21%

• 11%

• 13%

• 18%

Laura took out a short-term loan of $4,800. She has to repay it in 5 months and will be charged 12% simple interest. What is the amount of interest she will pay?

• $ 240.00

• $ 186.67

• $2,880.00

• $ 360.00

Jake’s Sporting Goods purchases hood shirts at $10.50 each. The sporting good company marks these up 160%. What is the marked sales price per hood shirt?

• $16.80

• $22.50

• $15.23

• $18.20

Your favorite store marks everything up 32%. Last week you spent $187.50 in your favorite store. What did your items that you purchased cost your favorite store?

• $142.68

• $147.50

•  $127.50

• $169.32

Jim bought a new refrigerator for $1,050.00 on February 12. He purchased it from Siemer’s Appliances, which gives customers a cash discount of 3/10, n/30. What is the amount due if Jim pays on February 20?

• $1,050.00

• $ 31.50

•  $ 972.00

• $1,018.50

Calculate the total deposit using the following information: Currency: $50 bills—3, $20 bills—7, $10 bills—3, $5 bills—6, $1 bills—12Coins: 4 rolls of quarters, 2 rolls of dimes, 4 rolls of nickels, and 52 pennies Checks: #510-321 for $277.46, #35-742 for $199.28

• $885.26

• $896.74

• $747.74

• $897.26

Gerald earns an annual salary of $51,600. He is required to work overtime as needed for which he is paid time and a half. This month he worked 28 hours overtime. What is his gross salary for the month with 22 working days?

• $5,326.20

•  $1,026.20

• $4,984.09

• $4,300.00