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Chapter 3: Ratio, proportion, and percent

3.1 Use ratios and proportions to solve allocation and equivalence

Question #1 - Set up a ratio for the following information and reduce to
lowest terms
Question #2 Use equivalent ratios in higher terms to eliminate
decimals from the following ratio
Question 3: Use equivalent ratios in higher terms to eliminate fractions
Question 4: Use equivalent ratios in higher terms to eliminate fractions
Question 5: Kevins eatery budgets food costs to account for 62% and
beverage costs to account for 30% of total costs. What is the ratio of
food costs to beverage costs?
Question 6: A company 8 executives, 16 office employees and 36
temporary staff. What is the ratio of executives to temporary staff?
Question 7: The cost of operating the maintenance department is to be
allocated to four production departments based on the floor space.
Question 8: Overhead cost is to be distributed among manufacturing,
selling and administration
Question 9: Executive salaries are charged to three operating divisions
on the basis of capital investment.
Question 10: The cost of warehouse space is allocated to three
inventories: raw materials, work-in-process, and finished goods.
Question 12: D, E , and F own a business jointly and share profits and
losses in the same portion as their investments. How much of a profit
of $4500 will each receive
Question 13: Four beneficiaries are to divide an estate of
Question 14: Find the unknown term in the following proportion
Question 15: Find the unknown term..
Question 16: Find the unknown term.
Question 17: A van requires 63 litres of gasoline to travel for 529
Question 18: Suhami Chadhuri has a one-sixth interest in a
Question 19: Seven-ninths of Jesse Blacks inventory was destroyed by
Question 20: Last year, net profits of a company were six-thirteenths of
Question 21: Material cost of a fan belt is nine-elevenths of total cost
Question 23: A hot water tank with a capacity of 220 L can be heated
in twenty minutes.
3.2: Convert percents, common fractions, and decimals
Question 3: Answer each of the following questions. Complete (a)

through (j) below

Question 4: In the last municipal election, 62 % of the population
Question 5: The direct material cost of manufacturing a product is
Question 6: A firms bad debts of $7875 were 2 %
Question 7: A & E Holdings profit and loss statement showed a net
income of

3.3: Find percents and percent bases to solve business problems.

Question 12: The price of a carpet was reduced by 50%
Question 13: Labour content in the production of an article is 33 1/3%
Question 14: The Canada pension plan premium deducted from an
employees wages was
Question 15: Mei Jung paid $26 toward a dinner that cost a total of
Question 16: Gross profit for April was two-fifths of net sales, and net
income was two-sevenths of gross profit.
Question 17: A sales representatives orders for May were 16 2/3%
Question 18: The price of a stock a week ago was
Question 19: A property owner listed his property for 160% more than
he paid for it.
3.4: Find rates and original quantities for increase and decrease
Question 1: What is 198 increased by 30%
Question 2: What number is 33 1/3% more than 240?
Question 3: What number is . Less than 222?
Question 4: What percentage more than 1310 is 1572?
Question 5: What percentage less than #380 is $209
Question 6: The amount of $1500 is what percent more than $1250?
Question 7: Solve the following equation. X-35% of x=76.7
Questions 8: Suppose it costs C$260 to purchase US$245.23. What is
the exchange rate? How many u.s dollars?
Question 9: A storekeeper bought merchandise for $1644. If she sells
the merchandise at 16 2/3% above cost.
Question 10: A clerk whose salary was
Question 11: A 13.5% blended sales tax on a pair of shoes amounted
to $23.22 of tax.
Question 12: A residential property is assessed for tax purposes
Question 13: Ms. Daisy pays 37 % of her monthly gross salary as rent
on a townhouse.
Question 14: The annual interest on a bond is
Question 15: A special purpose index has increased 116%



The working capital at the end of the third quarter

After real estate fees of 7% had been deducted
The number 453.6 is 80% more than what number?
Suppose the Consumer price Index in 2009 is 114.4,

3.5: Use proportions and currency cross rate tables to convert currency
Question 1: How many US dollars can you buy for C$779.00 if one
Canadian dollar is worth US$0.7361
Question 2: How many Canadian dollars can you for
Question 3: Suppose the exchange rate was.
Question 4: What is the price of gasoline per litre in Canadian dollars if
Question 5: Using the currency cross rate table, convert..
Question 6: Using the currency cross rate table
3.6: Use index numbers and the Consumer Price Index
Question 1: Using 2005 as the base period, compute a simple price
Question 2: Using the indicated base period, compute a series of
simple price
Question 3: Suppose the consumer price index for 2006 was 107.2 and
for 2009, it was 119.5
Question 4: Brendas annual incomes for 1992, 1996, and 2002 were
Question 5: Mario earned $33,000 in 1995. If the Consumer price index
Question 6: A stock index was 860.3 on March 31, 2002 and 919.9
3.7: Use federal income tax brackets
Question 1: Matt calculated his 2012 taxable income
Question 2: Nancy calculated her 2012 taxable income
Question 3: Using the 2012 federal income tax brackets
Question 4: In early 2012, Allans gross pay
Question 5: Matts gross pay had been $68,000 per year, when he
received an increase of $6000 per year.
Chapter 5: Cost-Volume-Profit Analysis and Break-Even
5.1: Construct and interpret cost-volume-profit-charts
Question 1: A firm manufactures a product that sells for $12 per unit.
Variable cost per unit is $4
Question 2: A firm manufacturers a product that sells for $11 per unit..
5.2: Compute break-even values using the cost-volume-profit

Question 1: The neighborhood bookstore sells novels for
Question 2: The operating budget for a certain company
Question 3: A local car dealership has revenues
Question 4: Xia-Ming is considering the expansion of her pictureframing camera
Question 5: Samantha and a group of friends have set up a weekend
baseball tournament.
Question 6: John wants to earn money this summer by maintain
gardens and lawns.
Question 7: Melinda and Morris sell soft drinks at ball games.
Question 8: Woody Woodworks makes and sells cedar planters boxes
Question 9: A daycare charges $52 per day per child.
Question 1: Rubber and steel company is planning to manufacture a
new product.
Question 2: Rosemary is planning to make fancy, multi-tiered wedding
Question 3: To pay for his academic fees, Tarek, a college student, is
selling a computer
Question 4: The date to the right pertain to the operating budget of
Jones Manufacturing
Question 5: Slicks Mechanics provides oil changes for vehicles
Question 6: A vehicle accessory shop is considering buying a new style
Question 7: Macdonald Elementary School needs to raise money for
the new playground
Question 8: Tina, an entrepreneurial business student, wants to set up
a business completing tax forms
Question 9: A local convenience store sells a large variety of snack
Question 10: Juans
Question 11: Joys business had a budget of $227,000
Question 12: The following information is available from the accounting
records of Eva corporation.
Question 13: A manufacturer of major appliances provides
Question 14: Quickprint Services operates
Question 1: Ingrid is planning to expand her business by taking on a
new product
Question 2: A booth in a mall sells calendars. The calendars are

Question 3: A sandwich store rents space for $985

Question 4: A news stand sells local fashion magazines. The cost to
purchase the
Question 5: Projected financial results for the universitys cafeteria.
Question 6: Sportsbags Inc. makes and sells hockey bags for students.
Question 1: A barbeque is listed
Question 2: An electric drill is listed
Question 3: An electronic game listed at
Question 4: Arrow Manufacturing offers discounts of
Question 5: Shamin Jewelers sells diamond necklaces for
Question 6: Compute the rate of discount allowed on a lawnmower that
Question 7: A 40% discount allowd on a article amounts to
Question 8: A freezer was sold during a clearance sale for $387.50. If
the freezer was sold at a
Question 9: A machinery company lists a long splitter
Question 10: A ski jacket that cost a dealer


Bay Street Vending received an invoice dated June 12

Pallette Manufacturing received an invoice
A company received an invoice
What amount will reduce the amount due on an invoice of
What amount will reduce

Question 1: Guiseppes buys supplies to make pizzas at a cost
Question 2: A hardware store buys outdoor lights for $4.00
Question 3: A sports store purchased tennis racquets for
Question 4: Sheridan Service sells oil at a markup
Question 5: A car accessory is sold for $40.16
Question 6: On May 18, an invoice dated
Question 7: What amount must be remitted if the following invoices
Question 8: The Peel Trading Company received an invoice date
September 20
Question 1: A flavored drink was offered for sale at $2.09 at West
Question 2: A wholesale company prices its inventory at #120,613.

Question 3: Find the rate of markdown and the mardown

Question 4: Luigis Restaurant offers a buy one dinner get the other
dinner for half price
Question 5: A lakeside resort offered a midweek package
Question 6: Pat Putters Company sells golf balls for $29 per dozen.
Question 7: Homeward Hardware buys car litter for $6
Question 8: Using a markup of 35% of cost, a store priced a book
Question 9: A bedroom suite that cost a dealer $1800 less
Question 10: An appliance store sold GS coffeemakers for
Question 1: An electric fireplace cost a retailer
Question 2: A department store paid $64.44 for a dinner plate set.
Question 3: Aldos Shoes bought a shipment of 682 pairs of womens
shoes for $42 per pair
Question 4: A clothing store buys shorts for $49.00 less 45%
Question 5: A jewellery store paid a unit price of $250
Question 1: A merchant realized a markup of $42 by selling an item at
a markup

1: Joe borrowed .. to buy a car. If interest was charged

2: On March 28, 2006, Leah deposited $435.00 into savings
3: Billy borrowed .. to buy a car
4: Joe borrowed
5: Lin Yan borrowed from her parents to finance a vacation
6: Using the simple interest formula, compute the amount
7: Same as question 6
8: Compute the amount of interest
9: Compute the amount of interest
10: Using the simple interest, state the rate and time
11: Computer the aount



Determine the deposit that must be made

Find the rate
Joan borrowed $3240 and is to repay the balance
Determine the number of days

Question 5: Determine the number of months

Question 6: What principal will earn #40.32 interest from
Question 7: Pablo wants to supplement his pension by
Question 8: Bunnys Antiques received $50.00 interest on a 100-day
term deposit
Question 9: Xi-Yongs Dress Shop borrowed to buy material.
Question 10: Macs credit card statement included in cash advances
Question 11: On January 18, 2006, Low rider Automotive established a
line of credit
Question 12: Find the loan principal
Question 13: What principal will earn $34.44 interest
Question 14: If $680 is worth $698.70
Question 15: What principal will earn $24.87 at 4.75% in 156 days?
Question 16: At what rate of interest must a principal of
Question 17: In how many months will $2500 earn
Question 1: Arthur invested $2698.00 in a 349-day term deposit.
Question 2: On May 24, 2006, a company invested $32,380.00
Question 3: Manuel wants to invest an inheritance of $26,000 for one
year. His credit union offers
Question 4: Find the future value of
Question 5: Find the maturity value of
Question 6: Compute the future value
Question 7: Find the future value
Question 8: Mountain Grains Cooperative wants to invest in a shortterm deposit.
Question 9: Compute the accumulated value of $4200 at

Question 1: What principal will have a future value of $4572.00 at 6.4%
in three months
Question 2: What amount of money will accumulate to
Question 3: Determine the present value of a debt of due in six months
Question 4: The annual Tennis Club membership fees of $10,000.00 are
due on June 12,2007.
Question 5: The lawyer for a credit union member has sent a cheque.
Question 6: On October 15, 2006, Ben bought a governmentguaranteed short-term investment
Question 7: On October 15, 2006, Toddlers Toys borrowed money with

a promise to pay $10,000.00 on June 12, 2007.

Question 8: Find the principal and the interest amount
Question 9: Find the principal and the interest amount
Question 10: What amount of money will accumulate to
Question 11: What is the present value of due in nine months if interest
Question 12: Payments of .. and. Are due four months from now
and nine months from now
Question 13: Schedule payments of $800 due two months ago and
$1200 due in one month are to be
Question 1: Two scheduled debt payments of
Question 2: A loan payment of $1000.00 was due 30 days ago and
another payment of
Question 3: Jane was due to make loan payments of $1984 eight
months ago, $4895 six months ago, and $430 in six months.
Question 4: Dan borrowed $740.00 today and is it repay the loan in two
equal payments.
Questions 5: When Ruby borrowed $1249.00, she agreed to repay the
loan in two equal payments
Question 6: Krista borrowed . . The Loan is to be repaid
Question 7: Find the equivalent replacement payments
Question 8: Find the equivalent replacement payments.
Question 9: Find the equivalent replacement payments for the
following scheduled payments
Question 10: Payments of $4000 each due in four, nine, and eleven
months form now are to be settled
Question 11: Loan payments of $700 due three months ago and $1000
due today
Question 12: A loan of $5000 is to be repaid in three equal installments
due 60, 120 and 180.
Question 1: The face value of a two-month, 5.6% note dated
Question 2: Use the future value formula to compute the maturity
value of the following promissory notes
Question 3: Compute the maturity value
Question 4: Computer the maturity value
Question 5: Determine the amount of interest on a 45-day note for
Question 6: A $1388 note is issued on December
Question 7: A 120-day note for $1977 with interest
Question 8: Find the present value, on the date indicated. A noninterest bearing note for
Question 9: Determine each of the items listed

Question 10: A note for $844, dated April 4, 2006, with interest
Question 11: Determine the maturity value of a 120-dfay note for
$1250 dated May 23 and bearing interest
Question 12: The maturity value of a seven-month promissory note
issued July 31, 2012, is $3275
Question 13: What is the face value of a three-month promissory note
dated November 30, 2011, with interest at 4.5 percent
Question 14: On June, 2012, a four-month promissory note
Question 15: Compute the proceed of a five-month, $7000 promissory
note dated September 6, 2012.
Question 1: What is the price of a 364-day, $25,000.00 Government of
Canada treasury bill that yields
Question 2: An investment dealer acquired a $10,000.00, 91-day
Province of Nova Scotia
Question 3: An investor purchased a 91-day, $100,000.00 T-bill on its
issue date for $99,396.25
Question 4: On April 1, $10,000.00 364-day treasury bills were
auctioned off to yield 2.28%
Question 5: Government of Alberta 364-day T bills with a face value
Question 1: On March 4, Fat Tires Ltd. Borrowed 12,000 with an interest
rate of 9.8%. The loan was repaid in full
Question 2: Automotive Excellence Inc. borrowed $20,000.00 on April 8
with an interest rate of 4.7%
Question 3: An automotive dealer borrowed 75000 form the Bank of
Question 4: The Tomac Swim Club arranged short-term financing of
$12,000 on July 10 with the Bank of Commerce.
Question 5: The continental Bank made a loan of 25,000 on March 6.
Question 6: Dirk Ward borrowed 13,000 for investment purposes on
May 17
Question 7: Quick Print Press borrowed 20,000 from the Provincial Bank
Question 1: Suppose your business has secured a line of credit and
receives the accompanying statement
Question 2: Suppose you have a line of credit and receive the
accompanying statement
Question 3: Suppose you have a line of credit and receive the
accompanying statement
Question 4: Suppose you have a line of credit and receive the

accompanying statement
Question 5: Exotic Furnishings Ltd. Has a line of credit secured by the
equity in the business
Question 1: Shelley borrowed $1002.00 from the Dominion Bank at
7.6% per annum calculated on the monthly unpaid
Question 2: Blended payments on $2040.00 loan were $418.00 per
month. Interest was charged at 7%
Question 3: On June 15, Julio borrowed $1,010.00 from Sheridan Credit
Question 4: On May 8, Manuel borrowed $640.00 from his uncle at
5.5% per annum calculated on the daily balance
Question 5: You borrowed $3000 at 9% per annum calculated on the
unpaid monthly.