Question 1

Evaluate the following expression using the order of operations (BEDMAS): $$8 + 2 	imes (6 - 3)^2$

Accepted Answer

$$38$$

Question 2

Which of the following is an equivalent fraction to $$\frac{3}{5}$$?

Accepted Answer

$$\frac{9}{15}$$

Question 3

What is the lowest common denominator (LCD) of $$\frac{2}{3}$$, $$\frac{5}{6}$$, and $$\frac{7}{4}$$?

Accepted Answer

$$24$$

Question 4

Convert $$0.375 to a $$percent.

Accepted Answer

$$37.5\%$$

Question 5

A property in Ontario is assessed at $$\400$$,000$$ and the total property tax rate is 15.9$ mills. What is the property tax payable?

Accepted Answer

$$\6$$,360$

Question 6

A salesperson earns a straight commission of $$7\% on $$monthly sales. If her sales for the month are $$\18$$,000$, what is her commission?

Accepted Answer

$$\1$$,260$

Question 7

Round $$\12.947$ to the nearest cent as required in business applications.

Accepted Answer

$$\12.94$

Question 8

A restaurant bill in Ontario is $$\80$ for food and $$\$$20$$ for wine. Calculate the total amount spent including 13\% HST on both and a 15\% tip on the total after tax.

Accepted Answer

$$\113.85$

Question 9

Convert $$\frac{7}{8} to a $$decimal.

Accepted Answer

$$0.875$$

Question 10

A student receives grades of 80, 75, and 90 in three courses worth 3, 4, and 2 credits respectively. What is the weighted average?

Accepted Answer

$$80.56$$

Question 11

An employee works 45 hours in a week at $$\20$ per hour. Overtime is paid at time-and-a-half for hours over 40. What are the gross earnings?

Accepted Answer

$$\950$

Question 12

Which of the following is the correct decimal representation of $$\frac{2}{3}$$ rounded to two decimal places?

Accepted Answer

$$0.66$$

Question 13

A company in Quebec sells a product for $$\1$$,000$. What is the total price after applying the 9.975\% PST?

Accepted Answer

$$\1$$,099.75$

Question 14

Which of the following is an improper fraction?

Accepted Answer

$$\frac{7}{3}$$

Question 15

If $$35\% of a $$number is $$210$$, what is the number?

Accepted Answer

$$600$$

Question 16

A salesperson earns a base salary of $$\500$ per week plus 4$$\%$$ commission on all sales over $$\$$2,000. If $$she sells $$\3$$,500$ in a week, what is her total compensation?

Accepted Answer

$$\560$

Question 17

Which of the following is the correct way to convert $$0.08 to a $$percent?

Accepted Answer

$$8\%$$

Question 18

A business collects $$\2$$,000$$ in GST at a rate of 5$$\%$. What was the value of the goods and services sold?

Accepted Answer

$$\40$$,000$

Question 19

Which of the following best describes a weighted average?

Accepted Answer

An average where each value is multiplied by a factor representing its importance before summing and dividing.

Question 20

A complex fraction is best described as:

Accepted Answer

A fraction where the numerator or denominator (or both) contains a fraction.

Review of Arithmetic for Business Applications: College Algebra Foundations

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