Question 1

If the expenses are more than the selling price, the difference is a(n) ____________________.

Accepted Answer

The answer of If the expenses are more than the...

Question 2

At a sale, a garage owner spends $894.94 for a number of different size tires. The freight charges are $54.80. The tires are sold so that a profit of 33 1/3% is made. How much must the tires be sold for? Round to the nearest cent.

Accepted Answer

A)   $1,176.82
B)   $1,199.43
C)   $1,244.23
D)   $1,266.32

Question 3

A garage owner buys a job lot of 500 feet of #12-gauge wire. The price is $0.17 per foot. The next day, the price of this wire increases 15 1/4%. How much is saved by purchasing the wire at the lower price? Express the answer to the nearest cent.

Accepted Answer

A)   $10.89
B)   $11.83
C)   $12.96
D)   $13.77

Question 4

A mechanic who averages $625 a week labor has a slow week and makes only $475. What is the percent of loss from the mechanic's average pay?

Accepted Answer

A)   18
B)   20
C)   22
D)   24

Question 5

A car sells for $23,984.00, and a commission of 21% is given. What is the amount of commission paid?

Accepted Answer

A)   $3,223.43
B)   $4,834.93
C)   $5,036.64
D)   $6,383.28 C

Question 6

____________________ is the amount left over after all expenses are paid.

Accepted Answer

The answer of ____________________ is the amount left over after...

Question 7

A mechanic receives a commission of 7% on parts sold to customers. A customer spends $76.00 on parts. What is the mechanic's commission?

Accepted Answer

A)   $4.32
B)   $5.32
C)   $6.32
D)   $7.32 B

Question 8

A certain make of automobile priced at $13,944.00 depreciates 17% in the first year. How much money does a purchaser lose in depreciation in one year?

Accepted Answer

A)   $2,370.48
B)   $2,489.83
C)   $2,538.38
D)   $2,643.83

Question 9

A(n) ____________________ is a percentage of the selling price paid to the salesperson.

Accepted Answer

The answer of A(n) ____________________ is a percentage of the...

Question 10

An automobile costs $8,000.00 and is sold at a profit of 10% on the cost price. What is the profit?

Accepted Answer

A)   $750
B)   $800
C)   $850
D)   $900 B

Exam 19: Profit, Loss, and Commissions

If the expenses are more than the selling price, the difference is a(n) ____________________.

Correct Answer
verified

At a sale, a garage owner spends $894.94 for a number of different size tires. The freight charges are $54.80. The tires are sold so that a profit of 33 1/3% is made. How much must the tires be sold for? Round to the nearest cent.

Correct Answer
verified

A garage owner buys a job lot of 500 feet of #12-gauge wire. The price is $0.17 per foot. The next day, the price of this wire increases 15 1/4%. How much is saved by purchasing the wire at the lower price? Express the answer to the nearest cent.

Correct Answer
verified

A mechanic who averages $625 a week labor has a slow week and makes only $475. What is the percent of loss from the mechanic's average pay?

Correct Answer
verified

A car sells for $23,984.00, and a commission of 21% is given. What is the amount of commission paid?

Correct Answer
verified
C

____________________ is the amount left over after all expenses are paid.

Correct Answer
verified

A mechanic receives a commission of 7% on parts sold to customers. A customer spends $76.00 on parts. What is the mechanic's commission?

Correct Answer
verified
B

A certain make of automobile priced at $13,944.00 depreciates 17% in the first year. How much money does a purchaser lose in depreciation in one year?

Correct Answer
verified

A(n) ____________________ is a percentage of the selling price paid to the salesperson.

Correct Answer
verified

An automobile costs $8,000.00 and is sold at a profit of 10% on the cost price. What is the profit?

Correct Answer
verified
B

Exam 19: Profit, Loss, and Commissions

If the expenses are more than the selling price, the difference is a(n) ____________________.

Correct AnswerverifiedShow Answer

At a sale, a garage owner spends $894.94 for a number of different size tires. The freight charges are $54.80. The tires are sold so that a profit of 33 1/3% is made. How much must the tires be sold for? Round to the nearest cent.

Correct AnswerverifiedShow Answer

A garage owner buys a job lot of 500 feet of #12-gauge wire. The price is $0.17 per foot. The next day, the price of this wire increases 15 1/4%. How much is saved by purchasing the wire at the lower price? Express the answer to the nearest cent.

Correct AnswerverifiedShow Answer

A mechanic who averages $625 a week labor has a slow week and makes only $475. What is the percent of loss from the mechanic's average pay?

Correct AnswerverifiedShow Answer

A car sells for $23,984.00, and a commission of 21% is given. What is the amount of commission paid?

Correct AnswerverifiedC

____________________ is the amount left over after all expenses are paid.

Correct AnswerverifiedShow Answer

A mechanic receives a commission of 7% on parts sold to customers. A customer spends $76.00 on parts. What is the mechanic's commission?

Correct AnswerverifiedB

A certain make of automobile priced at $13,944.00 depreciates 17% in the first year. How much money does a purchaser lose in depreciation in one year?

Correct AnswerverifiedShow Answer

A(n) ____________________ is a percentage of the selling price paid to the salesperson.

Correct AnswerverifiedShow Answer

An automobile costs $8,000.00 and is sold at a profit of 10% on the cost price. What is the profit?

Correct AnswerverifiedB

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
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C

Correct Answer
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Correct Answer
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B

Correct Answer
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Correct Answer
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Correct Answer
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B