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1.
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Kim’s mother bought a new minivan for $27 500. The minivan decreases in
value by 15% after one year. What is the value of the minivan after one year?
a. | $27 535 | b. | $23 375 | c. | $25 755 | d. | $23
575 |
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2.
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Caleb bought a new motorboat for $15 000. The boat decreases in value by 20%
after one year. What is the value of the motorboat after one year?
a. | $14 000 | b. | $10 000 | c. | $13 500 | d. | $12
000 |
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3.
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Amanda deposited $2500 into a savings account that pays 4.5% interest per year.
How much interest does Amanda earn after one year?
a. | $112.50 | b. | $1125 | c. | $11.25 | d. | $125.10 |
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4.
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Marco deposited $5000 into a savings account that pays 5.25% interest per year.
How much interest does Marco earn after one year?
a. | $26.25 | b. | $2625.00 | c. | $262.50 | d. | $562.63 |
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5.
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What is the missing number in the following equation? 5% of 75 + 8% of 75 =
 % of 75
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6.
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What is the missing number in the following equation? 7% of 480 + 8% of 480 =
 % of 480
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7.
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The regular price of a sweater is $17.50. It is on sale for 15% off. There is no
PST, but there is 5% GST. What is the final price of the sweater?
a. | $16.25 | b. | $12.56 | c. | $16.52 | d. | $15.62 |
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8.
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The regular price for a portable DVD player is $169.99. It is on sale for $20%
off. There is 7% PST and 5% GST. What is the final price of the DVD player?
a. | $125.79 | b. | $175.29 | c. | $152.31 | d. | $195.92 |
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9.
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The regular price of an item is $500. It is increased by 12%. After a couple of
weeks it is reduced by 15%. What is the new price of the item?
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10.
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The regular price of item is $1250. It is increased by 8%. After a couple of
weeks it is reduced by 12%. What is the final price of the item with no PST and 5% GST?
a. | $1247.40 | b. | $1427.40 | c. | $1724.40 | d. | $1274.70 |
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