Name:    Grade 8 Chapter 2 Lesson 8

Multiple Choice
Identify the letter of the choice that best completes the statement or answers the question.

1.

Select the equivalent expression for the following:

30 % of \$49.95
 a. 0.30 ´ \$49.95 b. 0.30 ¸ \$49.95 c. 30 ´ \$49.95

2.

Select the equivalent expression for 4.75%.
 a. 4.75 b. 0.475 c. 0.0475

3.

In Ontario, the provincial sales tax (PST) is 8%, and the good and services tax (GST) is 6%.  Calculate the total cost of a laptop computer that is on sale for \$1349.99.
 a. \$1560.05 b. \$1538.99 c. \$1370.24

4.

Calculate the purchase price of a pair of jeans that are on sale for 25% off if the regular price of the jeans is \$39.99. Only the GST is charged on this item.
 a. \$32.09 b. \$29.99 c. \$10.70

5.

T.J. wants to buy a new computer. One store is selling the computer he wants for 20% off the regular price of \$1259.65.  A second store is selling the same computer for 15% off the regular price of \$1098.95.  Which store has the better price?

The steps for solving this problem are shown below. One of the steps may contain an error.
Select the step that contains the error.
 a. Calculate 20% of \$1259.65.  This will be the amount T.J. will save on the computer from                                           the first storeCalculate 15% of \$1098.95   This will be the amount T.J. will save on the computer from                                           the second store b. Store 1:  0.20 ´ \$1259.65 = \$251.93Store 2:  0.15 ´ \$1098.95 = \$164.84 c. Since T.J. will save more money if he buys the computer at Store 1, the store that is selling the computer at the best price is Store 1. d. There are no errors in the above steps.

6.

How much money will Kathy earn in interest if she invests \$4000 that pays 3.75% simple interest for 4 years?
Select the best expression to begin to solve the problem.
 a. 3.75 ´ \$4000 b. 0.375 ´ \$4000 c. 0.0375 ´ \$4000

7.

In the problem stated in Question 4, determine how much Kathy’s investment will be worth after 4 years.
 a. \$600 b. \$6000 c. \$4150 d. \$4600

8.

Sam’s Furniture store is having a “NO GST” sale, where any purchase will only be charged the PST of 8%.  How much will Pamela pay for the sofa she buys on sale if the sale price of the sofa is \$899.95?
 a. \$72.00 c. \$719.96 b. \$971.95 d. \$827.95

9.

A stereo system is on sale for 30% off the regular price of \$439.95.  Calculate the purchase price if the taxes are 14%.
 a. \$150.47 b. \$264.85 c. \$351.07

10.

David took out a loan to buy his high definition (HD) TV.  Once he bought the satellite system, the total amount of the loan came to \$4612.42.  For the first six months of the loan there is no interest charged. Payments are optional for the next 6 months, but interest is charged. For each month after 6 months, David has to pay 8.5% simple interest on his balance each month.  If he does not make any payments on the loan for 12 months, what will his new total cost be for the TV?
 a. \$392.06 c. \$2352.36 b. \$5004.48 d. \$6964.78