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Multiple choice

1.Pete Moran bought a Dell Laptop Computer priced at $699. He put down 30 percent. The amount of down payment is:

a.$207.90
b.$209.07
c.$209.70
d.$489.30
e.None of these

2.Pumpkins at a local farm sell for $.49 each per pound. Jim Ring spent $73.50. How many pounds of pumpkins were purchased?

a.100
b.150
c.510
d.110
e.None of these

3.Norm's electric bill for December 2008 was $149.32. In 2009 the electric bill was $194.31. Next year Norm expects the bill to be the 2008 amount plus $25.00 more than the difference between 2008 and 2009. What is the new bill expected to be?

a.$44.99
b.$194.31
c.$219.31
d.$69.99
e.None of these

4.Coffee costs $12 per case and tea costs $8 per case. If an order comes in for a total of 250 cases for $2,600, what was the specific number of cases of tea? (Hint, Let C = cases of coffee)

a.150
b.100
c.1,800
d.800
e.None of these

5.Ed Sloan bought 6,000 shares of stock in Ebay Co. After holding the stock for 6 months, he sold 500 shares on Monday, 220 shares on Tuesday and again on Thursday, and 900 shares on Friday. If the average share of stock he still has is worth $70 per share, what is the total value of the stock?

a.$306,600
b.$291,200
c.$219,200
d.$360,600
e.None of these

6.Lee, manager of Lexington soccer team, was trying to figure the percent of games they lost this season. Their record was 30 wins and 10 losses. What percent of the soccer games did they lose?

a.20%
b.75%
c.80%
d.25%
e.None of these

7.Janet Woo received the following grades in an accounting class at McClenan Community College: 65, 80, 70, 100, 75, and 90. The instructor said he would drop the lowest grade. What is Janet's average?

a.81
b.83
c.84
d.82
e.None of these

8.Jim sells college textbooks. To date Jim sold $141,002 worth of texts. His sales quota is $194,159. Tomorrow he expects to sell $15,005 worth of text to B College. His last stop will be Munroe College. What must he sell to them to meet his quota?

a.$38,152
b.$38,251
c.$53,157
d.$53,175
e.None of these

9.If Jan sells 2,500 glow sticks at the fourth of July at $1.99 each, what will her total profit be if each stick cost her $.88?

a.$2,757
b.$3,000
c.$2,775
d.$20,757
e.None of these

10.9,432 written in verbal is:

a.nine thousand four hundred two
b.nine thousand and four hundred thirty-two
c.nine thousand four hundred twenty-three
d.nine thousand, four hundred thirty-two
e.none of these

Solution Preview

1. Amount of down payment = 699X30% = 209.70

2. Number of pumpkins purchased = 73.50/.49 = 150

3. Difference between 2008 and 2009 = 194.31 - 149.32 = 44.99
Bill in 2010 = ...

Solution Summary

The solution explains some multiple choice questions in finance

$2.19