# Topic: Discounts and Prices

```Topic: Discounts and Prices
The local hardware store is having a sale on tools. You notice at the store that there is a DeWalt drill set
on sale for 35% off the original retail price. The original retail price is listed at \$349.00. Which of the
following answers shows the proper discount applied to the drill set?
a.
b.
c.
d.
\$125.00 discount
\$122.15 discount
\$127.50 discount
None of the above
What is the price of the drill set after the discount is applied?
a.
b.
c.
d.
\$226.85
\$227.15
\$225.69
\$224.58
Topic: Loans
You are taking out a small business loan to buy start-up equipment for a new greenhouse. The principle
amount of the loan is \$15,000 and has a small business tax of 11%.
How much is the loan, after taxes are applied?
a.
b.
c.
d.
\$1,650.00
\$17,000.00
\$16,650.00
\$17,650.00
If the loan is on a 72 month term, how much would it cost monthly?
a.
b.
c.
d.
\$230.57
\$232.45
\$231.50
\$231.25
Topic: Taxes
At the local gardening store, there is a bag of grass seed that costs \$45.00. What is the final cost of the
bag of grass seed if there is a state sales tax of 6%?
a.
b.
c.
d.
\$47.50
\$47.15
\$47.70
\$47.85
The local hardware store has a high-quality ratchet and screwdriver set for \$299.99. What is the sales
tax on the set if the state has a sales tax of 11%?
a.
b.
c.
d.
\$32.99
\$33.98
\$33.90
None of the above.
Topic: Principle and Interest
The current principal balance on a small business loan you took out is \$14,565.56. You are paying a
monthly interest rate of 1.9%. How much would the interest rate cost for the current balance on your
bill for the month?
a.
b.
c.
d.
\$276.75
\$275.55
\$277.87
\$278.54
You have invested in a savings account that has an annual interest accruing rate of 5.0%. Your current
end-of-the-year balance is \$5,675.00. How much interest would you earn for the year?
a.
b.
c.
d.
\$282.67
\$282.75
\$289.56
\$283.75
Topic: Structural Applications
You need to paint a room that has 4 wall sections that measure 20’ x 10’ and one gallon of paint covers
400 square feet. You are also putting 2 coats on the walls. How many gallons of paint will you need to
a.
b.
c.
d.
3
6
4
2
How many standard sheets (4’ x 8’, or 32 ft2) of plywood would you need to BUY to cover a wall section
that measures 45’ x 10’?
a.
b.
c.
d.
12
15
14
16
You have a scale drawing of a floor plan that is 10’’ x 15’’, and the scale is &frac14;’’ = 2 ft. What is the area
of the actual life-size floor plan?
a.
b.
c.
d.
9600 ft2
9800 ft2
2400 ft2
5600 ft2
```