

1.

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 


2.

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 


3.

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 


4.

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 


5.

What is the missing number in the following equation? 5% of 75 + 8% of 75 =
% of 75


6.

What is the missing number in the following equation? 7% of 480 + 8% of 480 =
% of 480


7.

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 


8.

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 


9.

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?


10.

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 
