1. What is the sale price of a music CD that is sold in a retail store for 25% off of the original price of $16?
A. $4
B. $12
C. $16
D. $13
My answer is A.
2. What is the percentage markup on the cost of a drill bit set if the cost is $75 and the set is sold for a retail price of $105?
A. 40%
B. 1.40%
C. 0.444%
D. 33.33%
My answer is B.
3. If a scooter retails for $1,250 and is on sale for a 30% discount, how much will a customer pay for the scooter?
A. $875
B. $775
C. $675
D. $925
I got $375 unless I did this wrong?
4. If a customer receives a telephone bill in the amount of $355 and the telephone company offers a 3% cash discount if the bill is paid before January 1st, what is the amount of the bill?
A. $344.35
B. $248.50
C. $354.35
D. $106.50
My answer is D.
5. An office supply store offers its customers a quantity discount on notepads of the following quantities: 1-24 notepads at $.95 each, 25-48 notepads at $.90 each, and 49-75 notepads at $.85 each. What is the price of 50 notepads?
A. $43.50
B. $42.50
C. $142.50
D. $51
I am not sure how to figure this one out, help please?
1.
0.25 * 16 = $4
16 - 4 = $12 selling price
2.
100(30/75) = ?
3 and 4 are also wrong
5.
0.85 * 50 = ?
Ok thank you. How do I do 3 & 4?
You try to figure out 3 and 4. After you post your answers, I'll be glad to check them.
3. I did 1,250 x .30 and got 375. Then I did 1,250 - 375 and got 875. So A is the answer.
4. I did 355 x .3 and got 106.50 and then I did 355 - 106.50 and got 248.50 so B is the answer.
Correct?
3. A is right.
4. B is wrong. Do the arithmetic again.
355 - .3% = 354. So C.
Yes. 354.35
Thank you!
You're welcome.
1. To find the sale price of the music CD, you need to calculate 25% of the original price and subtract it from the original price.
Original Price = $16
Sale Price = Original Price - (Original Price * Discount Percentage)
Sale Price = $16 - ($16 * 25%)
Option A: $4
Calculation: $16 - ($16 * 25%) = $16 - ($16 * 0.25) = $16 - $4 = $12
Therefore, the correct answer is B. $12.
2. To find the percentage markup on the cost of the drill bit set, you need to calculate the percentage difference between the selling price and the cost price.
Cost Price = $75
Selling Price = $105
Markup Percentage = ((Selling Price - Cost Price) / Cost Price) * 100
Option B: 1.40%
Calculation: ((105 - 75) / 75) * 100 = (30 / 75) * 100 = 0.40 * 100 = 40%
Therefore, the correct answer is A. 40%.
3. To find the amount a customer will pay for the scooter after a discount, you need to calculate the discount amount and subtract it from the original price.
Original Price = $1,250
Discount Percentage = 30%
Sale Price = Original Price - (Original Price * Discount Percentage)
Option D: $925
Calculation: $1,250 - ($1,250 * 30%) = $1,250 - ($1,250 * 0.30) = $1,250 - $375 = $875
Therefore, the correct answer is A. $875.
4. To find the amount of the telephone bill after the cash discount, you need to calculate the discount amount and subtract it from the original bill amount.
Original Bill Amount = $355
Discount Percentage = 3%
Bill Amount with Discount = Original Bill Amount - (Original Bill Amount * Discount Percentage)
Option D: $106.50
Calculation: $355 - ($355 * 3%) = $355 - ($355 * 0.03) = $355 - $10.65 = $344.35
Therefore, the correct answer is A. $344.35.
5. To find the price of 50 notepads, you need to determine the appropriate pricing tier based on the quantity and calculate the total price for that tier.
Quantity of Notepads = 50
Option C: $142.50
Calculation: Since the quantity of 50 falls into the tier of 49-75 notepads, the price per notepad is $0.85 according to the given pricing table.
Total Price = Quantity of Notepads * Price per Notepad
Total Price = 50 * $0.85 = $42.50
Therefore, the correct answer is B. $42.50.