Financial Math Chapter 5

Vocabulary

100

1. _______________ is a percentage of the price of an item or the percentage of all taxable items.

Sales tax

200

2. A ____________ is a partial total.

Subtotal

300

3. The _________________ is the price of one item or one measure of the item.

Unit price

400

4. Receiving files over the internet is called ___________.

Download

500

5. Sending files over the internet is called _____________.

Upload

5-1

100

Find the cost of each purchase. 6 cans of olives @ 2 for $1.19

3.57

200

Find the cost of each purchase. 32 yards of fabric @ $0.587 per yd

18.78

300

Find the cost of each purchase. 44,200 lb. of gravel at $42.98 per ton

949.86

400

High-density computer diskettes, regularly priced at $3.39 a box, are on sale, 3 boxes for $1.99. How much would you save by buying 12 boxes at the sale price?

7.96

500

Find the total cost of a $148.99 chain saw purchased in a state with 5.25% sales tax and in a city with 1.5% sales tax.

159.05

5-2

100

Find the cost of each purchase. 25 ft. of cable @ $1.98 per yard

16.50

200

Find the cost of each purchase. 6,500 corner braces at $12 per M

78

300

Rachel Moreno had her lawn mower repaired by Rivlin Equipment Co. Rivlin charged her $5.96 for an air filter, $16.65 for a fuel bowl filter, and $1.99 for a spark plug. They also charged $42 in labor. There is a 3.5% state sales tax on products only. What is the sales receipt subtotal for parts?

24.60

400

Rachel Moreno had her lawn mower repaired by Rivlin Equipment Co. Rivlin charged her $5.96 for an air filter, $16.65 for a fuel bowl filter, and $1.99 for a spark plug. They also charged $42 in labor. There is a 3.5% state sales tax on products only. What is the sales tax amount?

0.86

500

Rachel Moreno had her lawn mower repaired by Rivlin Equipment Co. Rivlin charged her $5.96 for an air filter, $16.65 for a fuel bowl filter, and $1.99 for a spark plug. They also charged $42 in labor. There is a 3.5% state sales tax on products only. What is the total amount of the sales receipt?

67.46

5-3, 5-4

100

the unit price of each purchase. 3 frozen meals for $14.98

4.99

200

Find the unit price of each purchase. 6 oz can of tuna, $0.89

0.15

300

Find the unit price of each purchase. 8 oz package of seasoned salt, $2.29

0.29

400

A camcorder can be rented for $35 a day, or $125 a week. You need it for 6 days. How much cheaper is it to rent it for a week instead of by the day?

85

500

A camcorder can be rented for $35 a day, or $125 a week. You need it for 6 days. If you could buy the camcorder for $1,089, how long would it take, to the nearest tenth of a week, for the weekly rental charges to equal or exceed the purchase price?

8.7 weeks

5-5

100

Find the unit price of each purchase. 6 cubic yards of mulch for $49.89

8.32

200

Find the unit price of each purchase. Box of 10 pencils for $2.69

0.27

300

An ISP’s access fees are $14.99 a month or $159.99 a year. How much would you save over three years by buying the 1-year deal than a monthly deal?

59.67

400

Will Brandt purchase an internet connection from an ISP that charges $16.99 a month for unlimited dial-up access. He also pays $21 for a start-up fee, $19.89 for antivirus software, and $79.99 for a modem to connect his computer to his phone line. What is the total cost of the internet connection for the first year

324.76

500

June Rizel sends a 525 KB file over her internet connection, which has a true upload speed of 30 kbps. How many seconds will it take her to transfer the file?

140 seconds