Math1107 – Review Test #1
1. A couple went out for dinner and their bill came to $123.46. When paying, they added on a 20% gratuity.
How much gratuity did they add to the bill? (2 decimals)
2. On their last vacation to Italy, the Foxes spent 5 of their 23 vacation days travelling in between cities by
train. What percent of their holiday was travel days? (1 decimal)
3. When booking an Airbnb for 3 three nights in Crete, the Jones’ put down a deposit of $294.70. This
represented 35% of the total cost. What was the total cost for the three-night stay?
4. ( 9 3+7 )−3 5+ ( 24 ÷ 4 )
$ 210,000
5.
( 1+0.039 ×
323
365 ) Round to two decimal places.
6. After implementing a new marketing strategy, a company’s sales revenue was $824,970. This was up
28.5% from the previous year. What was the sales revenue in the previous year?
7. Veronica earns $82,300 a year and is paid semi-monthly. She is required to work 35 hours a week and any
hours worked over 35 will be paid at time-and-a-half. (Round each answer to 2 decimal places.)
a) What is Veronica’s gross pay per period?
b) What is Veronica’s hourly rate of pay?
c) What will her gross pay be for a period in which she works 7 hours of overtime?
8.
Fraction Decimal (4 decimal places) Percent (1 decimal place)
34
73
8
4
23
9. Last year Theresa earned $64,400. This year her income has decreased by 8.5%. What was her income
this year?
10. Jaspreet earns $18.40 an hour. If she works more than 40 hours in a week, she will be paid time-and-a-
half. On Monday, Tuesday and Friday she worked 8 hours. On Wednesday she worked 11 hours and on
Thursday she worked 9.5 hours. What will be her earnings for the week?
11. Kamal earns a base salary of $800.00 per month based on a sales quota of $10,000. He earns 8.00% on
net sales above $10,000 and up to $25,000. On net sales above $25,000 and up to $35,000 he earns
12.00% commission, and on any net sales above $25,000 he earns 18.00%. Calculate Kamal’s gross pay
for a period in which he had net sales of $31,500?
12. On the advice of his friend, Joe purchased Tesla stock two years ago at a price of $83.45 a share. Today
the same share is selling for $16.24. What was the percent change in the price of a Tesla share?
13. This year the Kestair Corporation had net revenue of $568,536.25 which was down 21.5% from last year.
What was the net revenue for the Kestair Corporation last year?
14. Jaismen earns $74,600 a year and is paid bi-weekly. She is expected to work 40 hours a week with any
hours over 40 being paid at time-and-a-half.
a) What is Jaismen’s gross pay per period?
b) What is Jaismen’s hourly rate of pay?
c) What will her gross pay be for a period in which she worked 4 hours of overtime?
15. If a customer leaves a tip of $20 on a bill of $163.48, what percent tip are they leaving? (1 decimal)
16. 54 × 3−( 6+ 7 ) + ( 6 × 82 )
3
17. John is paid on a graduated commission scale. On the first $8,000 of sales, he earns 8% commission. On
the next $10,000 of sales, he earns 10% commission. Anything over $18,000 he will earn 12%
commission. What will be his earnings for a period in which he had gross sales of $26,700 and sales
returns on $1,200?
18. Last year the number of parking tickets issued in downtown Welland was 647. This year the number of
parking tickets issued increased by 12%. How many tickets were given this year? (Round to the nearest
whole number)
19. A company had a Christmas party and 75 of its employees were there. If this represents 60% of its
workforce, how many employees work for the company?
20. A study showed that 15% of all first-year college students will end up changing their program of study. If
there are 220 first year business students at Niagara College this year, how many of them will change
their program of study?
21. Sales revenue this year was $2,455,687, while last year sales revenue was $1,987,475. What was the
percent change in sales revenue from last year to this year? (1 decimal)
Answers
1 $24.69 11 $4,240
2 21.7% 12 - 80.5%
3 $842 13 $724,250
4 499 14a $2,869.23
5 $202,994.20 14b $35.87
6 $642,000 14c $3,084.45
7a $3,429.17 15 12.2%
7b $45.22 16 62
7c $3,903.98 17 $2,540
8 0.4658 46.6% 18 725
4.3478 434.8% 19 125
9 $58,926 20 33
10 $860.20 21 23.6%
