Fourth Form Quiz 3 (Consumer Arithmetic) Name:______________________Class:____
13. A tourist cashes a traveller’s check worth €480. If the exchange rate is (BZ) $2.40 to €1, how
much (BZ) $ will the tourist receive?
A) $20
B) $200
C) $1, 152
D) $11, 520
39. The simple interest on $700 for 2 years at 10% is
A) $70
B) $140
C) $147
D) $840
40. A car dealer bought a used car for $2 000 and resold it for $2 500. The percentage profit is
A) 5%
B) 20%
C) 25%
D) 40%
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Fourth Form Quiz 3 (Consumer Arithmetic) Name:______________________Class:____
41. The purchase price of a watch is $220. If this includes a general sales tax of 10%, what is the
price before the general sales tax was added?
A) $198
B) $200
C) $222
D) $242
42. Bob works at an hourly rate of $15.00. Peter receives one and a half times this rate. In a 40
hour week, Peter will receive
A) $96
B) $600
C) $900
D) $960
45. Mr. John’s water bill for July is summarized below. If a service fee of $10 is charged to all
customers, calculate Mr. John’s bill for the month of July.
A) $8.00
B) $10.80
C) 15.30
D) $18.00
48. An increase of 10% would give workers a salary of $880. What salary would an increase of 20%
give?
A) $960 B) $968
C) $1 760 D) $9 600
49. A computer at a local store costs $2 500 cash. When bought on hire purchase, a deposit of $500
is required, followed by 20 monthly instalments of $120. How much is saved by paying cash?
A) $100 B) $400
C) $500 D) $600
50. What is the amount accumulated on investing $1 000 for 2 years at 5% per annum compound
interest?
A) $52.00 B) $102.50
C) $1 052.50 D) $1 102.50
18. A shirt marked at $50 has a 10% discount. The discounted selling price is
A) $45.00
B) $40.00
C) $10.00
D) $ 5.00
19. The simple interest on $500 at 15% for six months is given by
A) 500 x 15 x 6 x 100
500 x15
B) 6 x100
C) 500 x 15 x ½ x 100
500 x15 x6
D) 12 x100
42. The compound interest on $1200 for 2 years at 10% is
A) $240
B) $252
C) $264
D) $360
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Fourth Form Quiz 3 (Consumer Arithmetic) Name:______________________Class:____
43. A salesperson receives $101.00 commission on sales of $2020.00. This represents a percentage
of his sales of
A) 1%
B) 2%
C) 5%
D) 20%
28. How much will a girl pay for a bag priced at $15 if a discount of 10% is offered?
A) $1.50
B) $13.50
C) $14.90
D) $16.50
29. Mike buys a used bicycle for $60 and sells it for $48. His loss, as a percentage of the cost price is
A) 12%
B) 20%
C) 25%
D) 80%
30. Overtime is paid at a rate of ‘time and two thirds’ of the normal rate for the job. If the flat rate
is $15 per hour, the overtime rate per hour is
A) $5
B) $10
C) $20
D) $25
35. If 1 Belize Dollar equals 3.2 Trinidad Dollars and if 1 Trinidad Dollar equals 0.3 of a Barbados
Dollar, how much Barbados Dollars is equal to 5 Belize Dollars?
A) $16.00
B) $ 4.80
C) $ 1.60
D) $ 1.50
22. If BZ$1.00 = 6 Mexican Pesos, how many Mexican Pesos should one get for BZ$12.50?
A) 2
B) 18.5
C) 75
D) 108
42. The sum of $2700 was borrowed from a bank at the rate of 10% per annm for 3 years. The
simple interest payable is
A) $ 270.00
B) $ 810.00
C) $ 893.70
D) $3, 510.00
43. The marked price of a washing machine was $1, 400. A housewife bought the washing machine
on hire purchase by making a deposit of $250 and 6 monthly payments of $300 each. How much would
the housewife have saved if she had bought the washing machine cash?
A) $ 400
B) $ 650
C) $ 850
D) $2050
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Fourth Form Quiz 3 (Consumer Arithmetic) Name:______________________Class:____
25. A man takes a loan of $5,000 from Atlantic Bank. The bank charges a processing fee of $250 and
$1,200 interest. The total amount to be paid to the bank
A) $1,200
B) $1,450
C) $5,000
D) $6,450
26. A salesman sells a bike at a profit of 25%. What is the cost price of the bike if he sold it for
$200?
A) $150
B) $160
C) $175
D) $240
27. During a sale, a television set marked at $800 was sold for $700. What percent discount was
given?
1
A) 10 B) 12 2
C) 14 D) 15
28. The simple interest on $700 for 3 years at 8 percent per annum is
700 x8 700 x8 x3
$ $
A) 100 x3 B) 100
700 x3 700 x100
$ $
C) 100 x8 D) 8 x3
29. A Dell Laptop computer costs $2,200 cash. When bought on hire purchase, a deposit of $400 is
required, followed by 12 monthly installments of $200 each. How much more is the hire purchase price
than the cash price?
A) $200
B) $400
C) $600
D) $2,600
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