Financial Calculations Quiz
Authored by Andrew Rush
Mathematics
9th - 12th Grade
CCSS covered
Used 4+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the formula to calculate gross pay?
Total number of hours worked x Hourly rate of pay + Additional earnings (if any)
Total number of hours worked x Hourly rate of pay - Additional earnings (if any)
Tags
CCSS.7.EE.B.3
2.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
How do you apply a discount to a purchase?
Subtract the discount amount from the purchase price.
Multiply the purchase price by the discount percentage.
Tags
CCSS.6.RP.A.3C
3.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the formula to calculate the tip for a service?
15-20% of the total bill amount
Total bill amount + Tip percentage
Tags
CCSS.6.RP.A.3C
4.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
How do you add up purchase totals?
ADD the prices of all the items purchased.
MULTIPLY the prices of all the items purchased.
Tags
CCSS.3.OA.D.8
5.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
How do you determine the change after a purchase?
Divide the total cost of the purchase by the amount paid by the customer.
Subtract the total cost of the purchase from the amount paid by the customer.
Tags
CCSS.3.OA.D.8
6.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
What is the formula to calculate gross pay?
Gross Pay = Hours Worked ÷ Hourly Rate
Gross Pay = Hours Worked x Hourly Rate
Tags
CCSS.7.EE.B.3
7.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
If you bought three items priced at $4.99, $15.50, and $23.20, what would be the total purchase amount?
$43.69
$40.69
Tags
CCSS.6.NS.B.3
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