Profits and Discounts
Income
Movie Quotes
Tax
Interest
100
Decrease $68 by 78%
$14.96
100
Tom earns $12.70 an hour. How much does he earn for 8 hours of work?
$101.60
100
“Just keep swimming.”
Finding Nemo
100
John has a gross income of $45 000 and a net income of $20 000. How much did his deductions come to?
$25000
100
What is the compound interest formula?
A=P(1+r)^n
200
A manufacturer produces an item for $400 and sells it for $540. Determine the profit made.
$140
200
Talib earns $16 697.20 per year at a fast-food restaurant. What is his fortnightly pay?
$642.00
200
"To Infinity and Beyond"
Toy Story
200
Liam has an annual salary of $52 800. His payslip each month shows deductions for taxation of $968. Calculate Liam’s net income each month.
$3432
200
Calculate the compound interest earned if the principal is $1000, the rate is 5% p.a. and the time is 3 years.
$1157.63
300
Lenny marks up all computers in his store by 12.5%. If a computer cost him $890, what will be the selling price of the computer?
$1001.25
300
A saleswoman is paid a retainer of $1500 per month. She also receives a commission of 1.25% on the value of goods she sells. If she sells goods worth $5600 during the month, calculate her earnings for that month.
$1570
300
’I feel the need – the need for speed.’
Top Gun
300
Using the tax table, find the income tax payable on a salary of $45000.
$5092
300
What is the difference between compound interest, and simple interest?
Compound interest - get paid/charged interest on the interest.
Simple Interest - PxRxN
400
A TV costs a manufacturer $250 to make and is sold for $280. Calculate the percentage profit
12% Profit
400
A job has a normal working hours pay rate of $9.20 per hour.
Calculate the pay, including overtime, for 10 hours at the normal rate, 8 hours at time and a half and 3 hours at double time.
$257.60
400
"Some people are worth melting for."
Frozen
400
Ed earns $1400 per week and pays 27% of his annual income in tax. Calculate the amount of income tax that Ed pays in one year.
$19 656
400
Wally invests $15 000 at a rate of 6% p.a, compounded monthly. Calculate the total amount available at the end of 3 years.
$17 950.21
500
A refrigerator is discounted by 25%. If Paula pays $460 for it, what was the original price? Round to the nearest cent.
$613.33
500
Jim, a part-time gardener, earned $261 in a week. If he w orked 12 hours during normal working hours and 4 hours overtime at time and a half, what was his hourly rate of pay?
$14.50 per hour
500
“My mama always said life was like a box of chocolates. You never know what you're gonna get.”
Forrest Gump
500
William earns $450 a week. Using the tax table, determine how much tax is deducted from his pay each week.
$1026
500
Annie invested a $6000 into an investment account that compounds annually. After three years, she had $7045.45. What was her interest rate?
5.5%