Business Math Exam

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Required ref:
Business Math (7th Edition), Cheryl Cleaves and Margie Hobbs, Prentice Hall © 2005

Alternate
Business Math (7th Edition), Cheryl Cleaves and Margie Hobbs, Prentice Hall © 2005

Alternate
Business Math (7th Edition), Cheryl Cleaves and Margie Hobbs, Prentice Hall © 2005

Question 1 4 points Save
Adding the values in a set of numbers and then dividing the sum by the number of members in the set results in the:
range
median
mean
mode
all of the above

Question 2 4 points Save
What is the range of 32, 32, 37, 39, 40, 44, and 48?
16
32
40
38.86
none of the above

Question 3 4 points Save
The mean of 55, 93, 48, 53, 55, 93, 63, 80, 75, and 55 is:
67
55
45
59
none of the above

Question 4 4 points Save
What is the median of 32, 32, 37, 39, 40, 44, and 48?
32
272
38.9
39
none of the above

Question 5 4 points Save
The median of 105, 100, 79, 86, 101, 94, 98, 87, and 83 is:
94
26
92.56
96
none of the above

Question 6 4 points Save
The median value of 27, 14, 5, 11, and 9 is:
8
11
13
4
none of the above

Question 7 4 points Save
A discount of 15/20/15 is known as a:
trade discount series
single discount equivalent
complement
net decimal equivalent
none of the above

Question 8 4 points Save
FOB Shipping Point means:
the buyer pays the cost of freight
the buyer must contract with his own freight hauler
the seller pays the cost of freight
title to the goods remains with the seller until delivery
none of the above

Question 9 4 points Save
Eastco buys televisions from a manufacturer. The list price of a TV is $460.00 with a trade discount of 30 percent. The net price of a television is:
$422.00
$322.00
$138.00
$233.00
none of the above

Question 10 4 points Save
The amount of money a manufacturer deducts from a list price is called a:
net price
dealer price
trade discount
cash discount
none of the above

Question 11 4 points Save
The list price of a furnace is $2,468.00. The manufacturer offers a discount of 15%. The net price is:
$209.78
$370.20
$2,097.80
$3,702.00
none of the above

Question 12 4 points Save
The net decimal equivalent rate of 5/15/20 is:
0.515
0.40
0.646
0.464
none of the above

Question 13 4 points Save
Most products follow a product flow that begins with a manufacturer and then goes:
to a wholesaler, then to a retailer, and finally to the consumer.
to a broker, then to a retailer, and finally to the consumer.
to a retailer and then to the consumer.
directly to the consumer.
all of the above

Question 14 4 points Save
The __________ is usually written as a percent, decimal, or fraction.
percentage
equation
rate
base
none of the above

Question 15 4 points Save
Central 9th Grade Center sold photographs as a fundraiser. 40% of the 450 students did not buy the photographs. How many students purchased the photographs?
180 students
170 students
270 students
370 students
none of the above

Question 16 4 points Save
converted to a percent would be __________.
1/2%
50%
5%
0.5%
none of the above

Question 17 4 points Save
Stormy makes $8.65 per hour after receiving a 5.4% raise. What was her hourly wage before the raise?
$8.22
$8.20
$8.21
$8.19
none of the above

Question 18 4 points Save
Mickey Sheen scored 38 out of 40 on his math exam. He made __________.
38%
95%
90%
85%
none of the above

Question 19 4 points Save
0.007 written as a percent would be __________.
70%
7%
0.07%
0.7%
none of the above

Question 20 4 points Save
In the equation 1,500(B – 15) = 3,000, B equals:
97
79
17
81
none of the above

Question 21 4 points Save
Notebooks cost $15.00 per carton and legal pads cost $7.50 per carton. If an order comes in for a total of 100 cartons for $900.00, what was the exact numbers of cartons of notebooks? (Hint: Let N = cartons of notebooks)
240
80
20
120
none of the above

Question 22 4 points Save
In the equation A/9 + 7 = 15, A equals:
22
24
27
72
none of the above

Question 23 4 points Save
In the equation 3N + 4N – 2 = 19, N equals
7
3
none of the above

Question 24 4 points Save
In the equation K + 6K – 13 = 57, K is equal to:
57
13
17
10
none of the above

Question 25 4 points Save
The value of Y in the equation Y – 15 = 60 is:
900
75
45
4
none of the above

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