# Business Math Exam

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

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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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