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Contemporary Business Mathematics with Canadian Applications 12th edition by S A. Hummelbrunner test

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Answer: 69/88
142) Express 93/44 as a percent.
Answer: 211.36%
143) Compute 187% of 342.
Answer: 639.54
144) Find the arithmetic average of the following data set: 2, 9,  7
8
, 34.02, 52, 1, 83
3
4
, 0.5, 6,
108
22
.
Answer: = (2 + 9 + 0.875 + 34.02 + 52 + 1 + 83.75 + 0.5 + 6 + 4.909)/10 = 19.405
145) Pooja has an annual salary of $98 351.00 and is paid biweekly. Her regular workweek is 32 hours.
a) What is Pooja's gross pay per pay period?
b) What is the hourly rate of pay?
c) What are the gross overtime earnings for Pooja if the overtime rate is one and three quarters the regular
hourly rate of pay and she works 8 extra hours?
Answer: a) Yearly salary = $98 351.00
Biweekly gross pay = 98 351/26 = $3782.73
b) Biweekly gross pay = $3782.73
Weekly gross pay = 3782.73/2 = $1891.37
Hourly rate = 1891.37/32 = $59.11
c) Hourly rate = $59.11
Gross overtime earnings = 59.11(1.75)(8) = $827.54
146) Danny receives a commission of 13.4% on the first $5000 of his net sales, 14.1% on the next $3000, and 15.0% on
any additional net sales for the month, and is entitled to drawings of up to $1750 per month. During February,
Danny's gross sales amounted to $11 456 and sales returns and allowances of $512.
a) What is Danny's gross commission for the month?
b) If Danny drew $1235 in February, what is the amount due to him?
Answer: a) Gross sales = $11 456.00
Commission on first $5000 = 0.134(5000) = $670.00
Commission on next $3000 = 0.141(3000) = $423
Commission on additional sales = 0.15(11456 - 8000) = $518.40
Total gross commission  = $1611.40
b) 1611.40 - 1235 = $376.40
147) In 2018, Ashley's bike repair shop made a gross profit of $23 000, of which $4032 were GST- taxable expenses.
How much did Ashley remit to the government in 2018?
Answer: GST collected: 5% of $23000 = 0.05(23000) = $1150.00
GST Paid: 5% of 4032 = 0.05(4032) = - $201.60
GST Remittance: = $948.40
148) Suppose that in your Business Math course you receive the following grades (%):
Assessment Grade Received
Quiz 1 80%
Quiz 2 90%
Quiz 3 50%
Quiz 4 40%
Quiz 5 80%
Quiz 6 90%
Quiz 7 80%
Quiz 8 50%
Quiz 9 80%
Quiz 10 70%
Term Test 1 65%
Term Test 2 78%
Final Exam 72%
Each assessment category counts as following towards the final grade:
Assessments Course Grade
Quizzes (best 8 out of 10) 20%
Tests (two; each 15%) 30%
Final Exam 50%
a) What is your average quiz grade in this course?
b) What is your average grade for the course overall?
Answer: a) Quiz Average = (80 + 90 + 80 + 90 + 80 + 50 + 80 + 70)/8 = 77.5%
b) Average course grade = [(77.5) 20 + (65)15 + (78)15 + (72)50] / (20 + 15 + 15 + 50)
= (1350 + 2145 + 3600)/100 = 70.95%
 

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