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Business Mathematics Study Set 1
Quiz 2: Review and Applications of Algebra
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Question 421
Short Answer
How much is $150 after an increase of 150%?
Question 422
Short Answer
Sales have increased by 10% over last year. What percentage less was last year's sales than this year's sales?
Question 423
Short Answer
Fluffy laundry detergent reduced its regular size from 3.6 kg to 3 kg. The retail price dropped from $7.98 to $6.98. What was the percent change in the unit price?
Question 424
Short Answer
Cliff just received a raise to $18.45 per hour from $18.00. What is the percent increase in his hourly rate?
Question 425
Short Answer
What was the percent change in unit price when the regular size of Lily soap bars dropped from 100 g to 90 g (with no change in the price per bar)?
Question 426
Short Answer
Goldfield Resources' share price fell by $4 in Year 1 and then rose by $4 in Year 2. If the share price was $6 at the end of Year 1, what was the percent change in share price each year?
Question 427
Short Answer
On the purchase of a plasma TV, the total cost to the customer (including 13 % HST ) came to $2,822.74. How much HST did the customer pay?
Question 428
Short Answer
A company has 50% less equity financing than debt financing. What percentage is the debt of the equity? What percentage more debt financing does the company have than equity financing?
Question 429
Short Answer
A piece of machinery has depreciated by 55% of its original purchase price during the past 4 years, to the current value of $24,300. What is the dollar amount of the total depreciation during the last 4 years?