Multiple Choice
Identify the choice that best completes the statement or answers the question.
1. Nicole Bolton purchased a new rug for $287 and a vacuum cleaner for $121. What is the sales tax if she lives in Iowa where the sales tax rate is 6%? a. $19.98 b. $20.40 c. $24.48 d. $31.99
2. Cordell Johnson purchased a snow blower for $237.00 and two bags of rock salt for $3.15 each. What is the sales tax on his purchases if he lives in Maine where the sales tax rate is 5%? a. $12.01 b. $12.17 c. $12.21 d. $13.02
3. Mary Steiner purchased school supplies at Office Emporium for $97.62. She then purchased a dictionary for
$22.95 and a CD for $14.78 at Books Express. For all purchases she must pay the state sales tax of 6.5% and the county tax of 0.5%. What is the total tax on her purchases? a. $7.49 c. $9.47 b. $8.47 d. $9.89
4. Carlotta Rodriguez purchased six bushes for $19.27 each, a porch swing for $88.22, and a gas grill for
$321.77. She must pay the state tax of 4.5% and the city tax of 2%. What is the total purchase price? a. $34.16 c. $525.61 b. $43.61 d. $559.77
5. Chin Quong purchased 11 binders for $1.37 each, a dozen pens for $0.87 each, and a box of copier paper for
$27.19. He must pay state tax of 7.5%, county tax of 0.5%, and city tax of 2%. How much will he pay in taxes for his purchases? c. $6.23 d. $6.27 a. $5.23 b. $5.27
6. David Taylor purchased a teapot for $23.95, a coffee maker for $33.95, and a deluxe microwave for $196.75 for his mother’s birthday. The state tax is 6.5% and the city tax is 1.5%. What is the total purchase price? a. $245.89 b. $254.65 c. $275.02 d. $345.98
7. Marnie Walsh purchased a deluxe dictionary for $38.75 and a full-color atlas for $41.10. The state sales tax is
6%, the city tax is 2.5%, and the county tax is 1%. What is the total purchase price? a. $84.77 c. $87.44 b. $85.66 d. $89.98
8. Dawn Reynolds purchased six quarts of motor oil for $14.12. What is the unit price per quart rounded to the nearest cent? a. $2.35 per quart c. $2.54 per quart d. $2.98 per quart b. $2.39 per quart
9. Tina Zappa purchased a three-pack of facial tissues for $2.98. What is the unit price per pack rounded to the nearest tenth of a cent? a. $0.913 per pack b. $0.944 per pack c. $0.972 per pack d. $0.993 per pack

10. Zach Mazrahi can buy a dozen pencils for $1.89, 24 pencils for $3.60, or 36 pencils for $5.49. What is the best buy? a. A dozen pencils for $1.89 b. 24 pencils for $3.60 c. 36 pencils for $5.49 d. All are the same price.
11. Sam Collins wants to get the best deal in cereal he can find. He finds rice puffs for $2.49 for 24 ounces, $2.69 for 36 ounces, $2.29 for 12 ounces, and $4.00 for 48 ounces. What is the unit price of the best buy? a. 7.47¢ per ounce c. 10.38¢ per ounce b. 8.33¢ per ounce d. 19.08¢ per ounce
12. Jennifer Edwards can subscribe to a newspaper for $99 for a year, $67 for eight months, $38 for four months, or $0.30 per day. Which is the best buy? a. $0.30 per day c. $67 for eight months d. $99 for a year b. $38 for four months
13. Mel Garrett needs four new tires for his car. He can buy one tire for $87, two tires for $174, three tires for
$261, or four tires for $348. Which is the best buy? a. one for $87 b. two for $174 c. three for $261 d. All are the same price.
14. Nathan Alexander wants to purchase ears of corn for a family reunion picnic. A farmers’ market near his home offers six ears of corn for $1.25, 12 ears of corn for $2.40, or 36 ears of corn for $7.20. Which is the best buy? a. 6 ears for $1.25 b. 12 ears for $2.40 c. 36 ears for $7.20 d. Both a and c
15. Megan Evans has a coupon that saves her $1 when she buys two jars of peanut butter. The peanut butter costs
$2.39 per jar. What is the final price of the two jars? a. $3.21 c. $3.78 b. $3.47 d. $3.98
16. Tien-Yu Moy had a coupon for $1.50 off a can of coffee that was valid if he also purchased coffee cream. The regular price of the can of coffee was $6.99 and the coffee cream was $2.15. What is the final price? a. $7.49 c. $7.89 d. $7.98 b. $7.64
17. Sheree Wright purchased a digital camera for $367.99. She received a manufacturer’s $45 mail-in rebate and a $25 rebate from Jack’s Camera Store. What is the final price? a. $276.99 c. $297.99 b. $287.87 d. $299.00
18. Thomas Peters purchased a new SUV for $32,984. He received a $2,175 rebate from the car dealer and a $500 rebate from the manufacturer. What is the final price? a. $29,309 b. $30,309 c. $31,309 d. $32,309
19. Kesara Santiago purchased a riding mower for $2,746.00. She received a $49.95 rebate from the manufacturer and a $38.95 rebate from the store. What is the final price? a. $2,345.89 c. $2,657.10 d. $2,789.60 b. $2,567.10

20. Pamela Hafer and her friend are planning to host a party. Pamela offered to purchase the potato chips and dip.
She can buy a 12 ounce bag for $2.50 with a $1.00 off coupon, a 15 ounce bag for $1.75 with no coupon, or a
22 ounce bag for $3.79 with a $0.75 off coupon. The sales tax is 5.5%. Based on the unit price per ounce, what size is the best buy? a. 12 ounce bag b. 15 ounce bag c. 22 ounce bag d. they are all the same per ounce
21. Builder’s Warehouse has a clearance on overstocked merchandise. A picnic table that usually sells for $167 is on sale for $149. What is the markdown? a. $15 b. $18 c. $22 d. $31
22. Shashi Ram wants to buy software to help him with his income tax. The software regularly sells for $54.00.
The sale price is $37.99. What is the markdown? a. $15.01 c. $16.01 b. $15.99 d. $16.99
23. Crystal Porter wants to purchase a new minivan. It regularly sells for $24,987. The manufacturer is offering a sale price of $18,994. What is the markdown? a. $4,998 c. $5,993 d. $6,007 b. $5,665
24. April Mendoza is ready to purchase a new suit. It regularly sells for $132.45, but is on sale for $89.95. What is the markdown? a. $42.50 b. $43.50 c. $46.50 d. $49.80
25. The regular selling price of a 22" tube television is $389. The markdown rate is 33%. Use the percent paid to determine the sale price. a. $245.34 c. $267.89 d. $287.56 b. $260.63
26. The regular selling price of a mountain bike is $369.27. The markdown rate is 27%. Use the percent paid to determine the sale price. a. $260.98 b. $265.77 c. $269.57 d. $278.98
27. The regular selling price of a recliner at Furniture Depot is $289. The markdown rate is 33%. What is the sale price? a. $139.36 b. $193.63 c. $213.25 d. $231.52
28. Jaycee Alvarez deposits $300 in a savings account at City Bank. The account pays an annual interest rate of
5%. She makes no other deposits or withdrawals. After three months the interest is calculated. How much simple interest does her money earn? a. $3.75 b. $3.95 c. $4.00 d. $4.25
29. Ben Snell has $400 in his savings account. His annual interest rate is 4%. What is the interest after six months? a. $6 c. $8 d. $16 b. $7

30. Trevor Williams’ bank calculates interest on a daily basis. Complete the following interest calculations:
Principal Rate Time = Interest
$2,000 0.03 = a. $1.95 b. $1.97
Rate c. $2.75 d. $3.90
31. Michael Jamison’s bank calculates interest on a daily basis. Complete the following interest calculations:
Principal Time = Interest
$3,900 0.06 = a. $13.45 b. $15.39 c. $15.65 d. $15.95
32. The principal on Wallace Drucker’s savings account is $300. The annual interest rate is 5%. What is the interest after six months? a. $7.50 c. $7.80 d. $7.90 b. $7.60
33. Marissa Palmer’s charge account statement showed a previous balance of $142.55, a finance charge of $2.82, new purchases of $86.50, and a payment of $80.00. What is her new balance? a. $123.54 c. $151.87 b. $147.52 d. $187.55
34. Manny Fox’s charge account statement showed a previous balance of $550, a finance charge of $3, new purchases of $600, and a payment of $250. What is his new balance? a. $890 c. $903 b. $900 d. $905
35. Adele Palmer’s charge account statement showed a previous balance of $1,500, a finance charge of $5, new purchases of $150, and a payment of $80.00. What is her new balance? a. $1,475 c. $1,585 d. $1,654 b. $1,575
36. Lena Craig’s charge account statement showed a previous balance of $1,100, a finance charge of $6, new purchases of $700, and a payment of $180. What is her new balance? a. $1,626 b. $1,766 c. $1,866 d. $1,888
37. Dante Michel’s charge account statement showed a previous balance of $277.45, a finance charge of $3.22, new purchases of $299.33, and a payment of $316.00. What is his new balance? a. $234 c. $267 b. $264 d. $287
38. Jared Moore’s credit card statement showed a previous balance of $921.07, a finance charge of $13.80, new purchases of $962.01, and a payment of $990.37. What is his new balance? a. $753.61 c. $906.51 d. $952.82 b. $853.25

39. Larry Thomas’s charge account statement shows an unpaid balance of $800. The monthly finance charge is
1.5% of the unpaid balance. What is the new account balance? a. $809 b. $812 c. $819 d. $871
40. Arianne Greene’s charge account statement shows an unpaid balance of $376.00. The monthly finance charge is 1.85% of the unpaid balance. What is the finance charge? a. $5.64 c. $6.96 b. $5.95 d. $7.98
41. Patrick David’s charge account statement shows an unpaid balance of $110. The monthly finance charge is
2% of the unpaid balance. What is the new account balance? a. $111.01 c. $111.75 d. $112.20 b. $111.59
42. Darrin Newberry’s charge account statement shows an unpaid balance of $875. The monthly finance charge is
1.65% of the unpaid balance. What is the new account balance? a. $889.00 b. $889.44 c. $896.11 d. $896.50
43. Pauline Davis’s charge account statement shows an unpaid balance of $255. The monthly finance charge is
1.25% of the unpaid balance. What is the new account balance? a. $245.19 c. $265.00 b. $258.19 d. $265.50
44. Lucinda Thompson’s charge account statement shows an unpaid balance of $222.08. The monthly finance charge is 1.5% of the unpaid balance. What is the finance charge? a. $3.11 c. $3.98 b. $3.33 d. $5.43
45. Destiny Paxton has a previous balance at a retail store of $59.27. She had payments and credits of $29.21.
The finance charge is 1.75% of the unpaid balance and she had $16.16 in new purchases. What is the new balance? a. $43.21 b. $46.75 c. $47.11 d. $47.26
46. Alexandra Romar has a previous balance at Porter Pharmacy of $68.42. She had payments and credits of
$18.25. The monthly finance charge is 1.85% of the unpaid balance and she had $34.00 in new purchases.
What is the new balance? a. $80.95 b. $81.20 c. $85.10 d. $88.20
Completion
Complete each statement.
47. The formula for calculating sales tax is _________________________________.
Matching
Match the following terms with the descriptions.

a. total purchase price b. unit pricing c. comparison shopping d. coupons e. rebates f. markdown g. markdown rate h. sale price
____ 48. A technique that allows shoppers to compare prices
____ 49. Redeemed at the time of purchase
____ 50. The total selling price plus the sales tax
____ 51. Discount
____ 52. Regular selling price minus the markdown
____ 53. A percent of the regular selling price
____ 54. Locating the best value for your money
____ 55. Redeemed by mailing in a sales slip and special form

MULTIPLE CHOICE
1. OBJ: 6.1
21. OBJ: 6.6
22. OBJ: 6.6
23. OBJ: 6.6
24. OBJ: 6.6
25. OBJ: 6.7
26. OBJ: 6.7
27. OBJ: 6.7
28. OBJ: 5.4
29. OBJ: 5.4
30. OBJ: 5.4
31. OBJ: 5.4
32. OBJ: 5.4
33. OBJ: 7.1
34. OBJ: 7.1
35. OBJ: 7.1
36. OBJ: 7.1
37. OBJ: 7.1
38. OBJ: 7.1
39. OBJ: 7.2
40. OBJ: 7.2
2. OBJ: 6.1
3. OBJ: 6.1
4. OBJ: 6.2
5. OBJ: 6.1
6. OBJ: 6.2
7. OBJ: 6.2
8. OBJ: 6.3
9. OBJ: 6.3
10. OBJ: 6.4
11. OBJ: 6.4
12. OBJ: 6.4
13. OBJ: 6.4
14. OBJ: 6.4
15. OBJ: 6.5
16. OBJ: 6.5
17. OBJ: 6.5
18. OBJ: 6.5
19. OBJ: 6.5
20. OBJ: 6.5

41. OBJ: 7.2
42. OBJ: 7.2
43. OBJ: 7.2
44. OBJ: 7.2
45. OBJ: 7.2
46. OBJ: 7.2
COMPLETION
47. OBJ: 6.1
MATCHING
48. OBJ: 6.2 | 6.3 | 6.4 | 6.5 | 6.6 | 6.7
49. OBJ: 6.2 | 6.3 | 6.4 | 6.5 | 6.6 | 6.7
50. OBJ: 6.2 | 6.3 | 6.4 | 6.5 | 6.6 | 6.7
51. OBJ: 6.2 | 6.3 | 6.4 | 6.5 | 6.6 | 6.7
52. OBJ: 6.2 | 6.3 | 6.4 | 6.5 | 6.6 | 6.7
53. OBJ: 6.2 | 6.3 | 6.4 | 6.5 | 6.6 | 6.7
54. OBJ: 6.2 | 6.3 | 6.4 | 6.5 | 6.6 | 6.7
55. OBJ: 6.2 | 6.3 | 6.4 | 6.5 | 6.6 | 6.7