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A sales representative is paid a commission rate of 6.1%

Question : A sales representative is paid a commission rate of 6.1% : 2163399

MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question.

Solve.

1) A sales representative is paid a commission rate of 6.1%. Find her commission if she sold $102,500 worth of goods last month.

A) $16,803.28

B) $108,752.50

C) $6252.50

D) $1680.33

2) How much commission will an agent make on the sale of a $197,800 house if she receives 1.6% of the selling price?

A) $316.48

B) $12,362.50

C) $1236.25

D) $3164.80

3) A salesperson earned a commission of $6182 for selling $56,200 worth of batteries to various stores. What was the commission rate?

A) 1.1%

B) 9.1%

C) 0.9%

D) 11%

4) A house sold for $245,000 and the real estate agent earned a commission of $7350. What was the commission rate?

A) 0.3%

B) 3.3%

C) 3.0%

D) 33.3%

5) A sales representative for a medical supply company was paid $207,000 in commissions last year. If her commission rate was 5%, what was the sales total for the medical supplies she sold last year?

A) $10,350

B) $41,400

C) $1,035,000

D) $4,140,000

6) A stock broker is paid $600 per month plus 6% of the total sales of stocks that he sells. Last month Luis sold $342,000 worth of stock. What was his total income for the month?

A) $21,120

B) $205,200

C) $20,520

D) $205,800

Solve. Round to the nearest percent if necessary.

7) Find the percent of increase when the original amount is 10 and the new amount is 19.

A) 190%

B) 47%

C) 9%

D) 90%

8) A company increased the number of its employees from 80 to 104. What was the percent of increase?

A) 30%

B) 24%

C) 130%

D) 23%

9) Enrollment in a class at a local college increased from 80 to 120. What was the percent of increase?

A) 50%

B) 33%

C) 40%

D) 150%

10) One share of stock which originally sold for $40 now sells for $36. What is the percent of decrease?

A) 11%

B) 4%

C) 90%

D) 10%

Solve. Round to the nearest tenth if necessary.

11) Find the amount of decrease and the percent decrease when the original amount is 20 and the new amount is 12.

A) 12; 42.9%

B) 8; 40%

C) 12; 60%

D) 8; 66.7%

12) Before taking a typing course, Ian could type 28 words per minute. By the end of the course, he was able to type 82 words per minute. What was the percent increase?

A) 192.9%

B) 34.1%

C) 74.5%

D) 65.9%

13) Shoes which regularly sell for $124 are on sale for $87. What is the percent decrease?

A) 235.1%

B) 42.5%

C) 70.2%

D) 29.8%

14) Ms. Robert was not able to sell her house for $85,000, so she lowered the price to $80,000. What was the percent decrease?

A) 94.1%

B) 6.3%

C) 5.9%

D) 1600%

15) The enrollment at a local college increased 6% over last year's enrollment of 2300. What is the current enrollment?

A) 2306 students

B) 3680 students

C) 138 students

D) 2438 students

16) The enrollment at a local college decreased 2% from last year's enrollment of 2200. How many fewer students attended the school this year?

A) 440 students

B) 2244 students

C) 44 students

D) 2156 students

17) The enrollment at a local college decreased 11% from last year's enrollment of 2500. What is the current enrollment?

A) 2225 students

B) 2489 students

C) 275 students

D) 2775 students

Solve. Round to the nearest cent if necessary.

18) A union contract calls for a 6.3% salary increase for all employees. Determine the increase for a worker who is currently making $50,890.

A) $47,683.93

B) $32,060.70

C) $54,096.07

D) $3206.07

19) Last year the profit for a company was $315,000. This year's profit decreased by 8.6%. Find this year's profit.

A) $270,900

B) $287,910

C) $44,100

D) $27,090

Solve.

20) Find the simple interest when: Principal = $340, Rate = 3%, Time = 7 years.

A) $10.20

B) $102.00

C) $71.40

D) $714.00

21) Find the simple interest when: Principal = $1872, Rate = 10%, Time = 7 months.

A) $13,104.00

B) $187.20

C) $1310.40

D) $109.20

22) Mia placed $15,000 in a one year-CD paying simple interest of 5% for one year. How much interest will Mia earn in one year?

A) $15,750

B) $22,500

C) $7500

D) $750

23) Tori borrowed $3000 to finish college at an interest rate of 7% per year. How much interest will Tori need to pay next year?

A) $5100

B) $3210

C) $2100

D) $210

24) Lucy borrows $5600 and agrees to pay it back in 4 years. If the simple interest rate is 3%, find the total amount she pays back.

A) $6272

B) $6720

C) $672

D) $12,320

25) A company borrows $33,000 for 7 years at a simple interest of 3.5% to buy computers. Find the total amount paid on the loan.

A) $33,808.50

B) $8085.00

C) $41,085.00

D) $80,850.00

26) $100,000 is borrowed to buy a house. If the simple interest rate on the 30-year loan is 12.25%, find the total amount paid on the loan.

A) $467,500.00

B) $3,675,000.00

C) $367,500.00

D) $136,750.00

27) A money market fund advertises a simple interest rate of 9%. Find the total amount received on an investment of $26,000 for 6 months

A) $27,170.00

B) $40,040.00

C) $1170.00

D) $37,700.00

28) The Gray family paid 24% of the purchase price of a $217,000 home as a down payment. Determine the amount of the down payment.

A) $52,080

B) $521

C) $9042

D) $5208

29) Peter is making monthly mortgage payments of $945 for his home mortgage. He noticed on his monthly statement that $919 is used to pay off the interest charge. Only $26 is used to pay off the principal. What percent of his monthly mortgage payment is used to pay off the interest charge? Round to the nearest tenth of a percent, if necessary.

A) 0.97%

B) 0.0097%

C) 97.2%

D) 9.7%

Solution
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