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

Gross pay  = $1036.35
74) A salesperson receives a weekly base salary of $800.00 on a quota of $2900. On the next $2100, she receives a
commission of 14%. On any additional sales, the commission rate is 19%. Find her gross earnings for a week in
which her sales total $8455.
Answer: Base salary on first $2900  = $800.00
Commission on next $2100 = 0.14 × 2100  = 294.00
Commission on additional sales = (8455 - 5000) × 0.19 = 3455 × .19 = 656.45
Gross earnings  = $1750.45
75) A clothing salesperson receives a weekly base salary of $200.00 on a quota of $3 000. On the next $1000, he
receives a commission of 25%. On any additional sales, the commission rate is 40%. Find her gross earnings for a
week in which her sales total $6000.
Answer: Base salary on first $3000  = $200.00
Commission on next $1000 = 0.25 × 1000  = 250.00
Commission on additional sales = (6000 - 4000) × 0.40 = 2000 ×. 40 = 800.00
Gross earnings  = $1250.00
76) Esther's flower shop had sales revenue of $152 000.00 for the year. If the shop's GST taxable expenses were 29
920.00. Calculate how much Colleen should remit to the government at the end of the year.
Answer: GST collected = (0.05)152 000 = $7 600
GST paid = (0.05)29 920 = $1 496
GST remittance = 7600 - 1496 = $6104
77) Alicia Helm of Wawanesa, Manitoba, bought a ring for $5700. Since the jeweller is shipping the ring, Alicia
must pay a shipping charge of $30.00. She must also pay PST and GST on the ring. Find the total purchase price
of Alicia's ring.
Answer: Total value  $5730.00
GST  5% of $5730.00  $286.50
Manitoba PST  7% of 5730.00  401.10 687.60
Total purchase price  $6417.60
78) Suppose you went shopping and bought bulk laundry detergent worth $11.65. You then received a $1.50 trade
discount, and had to pay a $2.10 shipping charge. Find the total purchase price of the detergent in Nova Scotia.
Answer: Purchase price  $11.65
Less discount  1.50
Net price  10.15
Add shipping charge  2.10
Total cost before taxes  12.25
HST 15% of $12.25  1.8375  1.84
Total cost in Nova Scotia  $14.09
79) A town has a total residential assessment of 900 million dollars. The town must meet expenditures of $45
million.
a) If 90% of the expenditures are charged against residential real estate, calculate then total property taxes that
must be raised.
b) Calculate the mill rate.
c) Calculate the property tax on a property assessed at $235 000.00
Answer: a) Total Residential property tax = 0.9(45 000 000) = $40 500 000
b) Mill rate =
40500000
900000000
(1000) = 45
c) Property tax = 235000
45
1000
= $10 575.00
80) A small town has a total residential assessment of $1.1 billion. The town must meet expenditures of $300
million.
a) If 80% of the expenditures are charged against residential real estate, calculate then total property taxes that
must be raised.
b) Calculate the mill rate.
c)  Calculate the property tax on a property assessed at $500 000.00
Answer:
a) Total Residential property tax = 0.8(300 000 000) = $240 000 000
b) Mill rate =
240000000
1100000000
(1000) = 218.18
c)  Property tax = 500000
218.18
1000
= $109 090
MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.
81) Simplify: 6 +
28 - 6 × 4
2
- 4
A) 18 B) 46 C) 4 D) 8 E) 24
Answer: C
82) Simplify: 10 +
40 - 10 × 4
2
- 5
A) 7.5 B) 55 C) 2 D) 5 E) 8
Answer: D
83) Calculate the final answer for the following expression:
(5 3 + 2 2 ) ÷ 20
A) 7.45 B) 5.45 C) 4.45 D) 9.45 E) 6.45
Answer: E
84) Simplify the following:
7125 × 4 -
425
775
A) 25592.74 B) 24592.74 C) 27592.74 D) 23592.74 E) 26592.74
Answer: B
85) Calculate the weighted-average cost of the following inventory purchases:
Date Quantity Purchased Cost per Unit Total Amount
May 4 33 $12.25
May 11 41 $13.87
May 29 37 $11.99
A) $22.11 B) $12.12 C) $22.22 D) $21.21 E) $12.76
Answer: E
86) You are paid a commission on the gross profit per vehicle that you sell. The commission increases with each
additional vehicle that you sell. The minimum commission is 25% and it increases in increments of 1% for each
additional vehicle sold. Your sales for the following month were as follows:
Vehicle Gross Profit
1 $755
2 $1023
3 $474
4 $1512
5 $864
6 $1021
7 $1953
8 $1207
What is your monthly gross pay?
A) $2642.69 B) $2569.42 C) $2669.69 D) $2554.60 E) $2462.69