Process Exam: Finance Unit

The store was selling 4 chocolate bars for $2.00. How much would one chocolate bar cost?

• $1.00 per bar

• $2.00 per bar

• $0.50 per bar

• $0.25 per bar

Ellie made $45 babysitting for 6 hours. How much does she make per hour?

• $45 per hour

• $7.50 per hour

• $2.70 per hour

• $6.70 per hour

The cost of 4 golf balls is $10. How much would it cost for 20 golf balls?

• $10 for 20 golf balls

• $20 or 20 golf balls

• $40 or 20 golf balls

• $50 or 20 golf balls

Match the following

• Over-time

• When you earn a certain % of your sales

• Tips

• $2.00 is added to your hourly rate for night-shifts

• Shift Premium

• When you are paid based on how well you do your job

• Piecewise

• When you work more than 40 hours a week

• Commission

• When you are paid per unit of work

Babysitting for 8 hours and making $72.00 or babysitting for 6 hours and making $57.00. Which is the better deal?

• 8 hours
• 6 hours

You work for 8 hours at a rate of $17.00 per hour, 5 days a week.

What is your weekly gross pay?

• $136

• $25

• $680

• $30

Your hourly rate is $17.00/hr, what is your 'time and a half' rate?

• $34/hr

• $19/hr

• $11.33/hr

• $25.50/hr

Your hourly rate is $17.00/hr, what is your 'double time' rate?

• $34/hr

• $19/hr

• $11.33/hr

• $25.50/hr

Match the following

• Every 2 weeks

• Semi-Monthly

• 12 times a year

• Weekly

• Twice a month

• Monthly

• 52 times a year

• Bi-weekly

You earn 7% commission on a $1200 couch that you sold.

How much commission do you earn?

• $8400.00

• $84.00

• $171.43

• $7.00