1. Jane has a checkbook balance of $68.00. She then writes two checks, one for $5.00 and one for $62.50.

Question

She also deposits $75.00. She then uses her calculator to determine her new balance. Which of the
following is the correct series of keys she should press?
A. ON/C 6 8 + 7 5 = 5 = 6 2 . 5 0
B. 6 8 + 7 5 – 6 2 5 0 – 5 =
C. 6 8 + 7 5 – 5 – 6 2 . 5 0
(D). ON/C 6 8 – 5 – 6 2 . 5 0 + 7 5 =

2. Lorenzo has a checkbook balance of $118.00. He writes two checks, one for $9.00 and one for $84.25.
He then deposits $95.00. Finally, he uses his calculator to determine his new balance. Which one of the
following series represents the correct order in which he should press the keys on his calculator?
(A). 118 – 9 – 84.25 + 95
B. .25 = 118 + 9 / 95
C. 95 – 118 + 9 – 84.25
D. 118 – 95 + 84.25 – 9

3. Ray Cupple bought a basic car costing $10,150.00, with options costing $738.00. There is a 6% sales tax
in his state and a combined $50.00 license and registration fee. What was Ray's total cost?
A. $10,938.00
(B). $11,591.28
C. $11,547.00
D. $11,541.28

4. John Gray bought a basic car for $8,250.00, with options that cost $324.00. There's a 6% sales tax in
his state and a combined $50.00 license and registration fee. What was John's total cost?
A. $14,247.00
B. $10,000.00
C. $9,141.44
(D). $9,138.44

12. Marlin Davies buys a truck for $28,000. In three years, the car depreciates 48% in value. How much is
the car worth in three years?
A. $14,000
B. $12,005
C. $27,052
(D.) $14,560

5. A share of stock in the Lofty Cheese Company is quoted at 25 1/4. Suppose you hold 30 shares of that
stock, which you bought at 20 1/4. If you sell your stock at 25 1/4, which one of the following statements
would be true?
A. You'll make a profit of $15.
B. You'll suffer a loss of $150.
(C). You'll make a profit of $150.
D. You'll suffer a loss of $15.

6. A share of stock in the Bree Medical Supply Company is quoted at 35 1/4 . Suppose you hold 20
shares of that stock, which you bought at 31 1/2. If you sold your stock at 35 1/4, which of the following
would be true?
(A). You made a profit of $75.00.
B. You suffered a loss of $630.00.
C. You made a profit of $705.00.
D. You suffered a loss of $75.00.

7. Jane Marko buys a car for $11,400.00. In three years, the car depreciates 48% in value. How much is
the car worth in three years?
A. $3,800.00
(B). $5,928.00
C. $4,788.00
D. $5,472.00

Is this Correct?

Answer 1

yup, they are all right.

Good job.