Business Math
Which of the following are important skills that contribute to financial literacy? >>> The ability to read
about personal financial conditions.
The ability to analyze personal financial conditions.
The ability to manage personal financial conditions.
Which of the following are forms of recruiting? >>> enlisting qualified soldiers in the military
finding and attracting qualified players to a ball team
asking qualified people to work for a company
Find the sum. $1,484 + $813 + $11, 665 >>> $13,962
Ramon Perez worked 40 hours at $13.00 an hour and five hours of overtime at time-and-a-half. What
was his pay for the week? >>> $617.50
Find the percentage. $23,010 x 6.0% >>> $1,380.60
Find 9.5% of $104,884. >>> $9,963.98
David's Flooring hired a new national distribution manager for an annual salary of $178,450. Advertising
costs were $1,341. Interview costs totaled $713.98. The recruiter fee was 15% of the first year's salary.
What was the total cost of hiring the distribution manager? >>> $28,822.48
A company was looking for a vice president of marketing. Advertising expenses totaled $1,008 and
interviewing expenses, including travel for the finalist were $1,547. They hired Stephan Peitrovsky.
Hiring expenses included $2,897 in moving costs and a 7% realtor's fee on the selling price of Stephan's
home. The home sold for $265,489. What is the total recruiting cost to the nearest cent? >>>
$24,036.23
A Brooklyn, NY, marketing agency was searching for an account executive. Advertising expenses totaled
$13,234 and interviewing expenses for the final candidate were $1,328. Hiring expenses included $2,700
in moving costs and a 5% realtor's fee on the $148,231 selling price of the new executive's home. What
is the total recruiting cost? Express your answer in dollars and cents. >>> $24,673.55
Refer to Table 1 on page 2 of the U.S. Census Bureau publication: Why People Move: Exploring the
March 2000 Current Population Survey. From March 1998-1999, what percent of people who moved,
moved for work-related reasons? >>> 16%
,Refer to Table 1 on page 2 of the U.S. Census Bureau publication: Why People Move: Exploring the
March 2000 Current Population Survey. Which of the three time frames had the smallest rate of moving
for work-related reasons? >>> March 1998-1999
Refer to Table 1 on page 2 of the U.S. Census Bureau publication: Why People Move: Exploring the
March 2000 Current Population Survey. How many people moved for a new job or a job transfer in
March 1999-2000? >>> 4,052,000
Refer to Table 1 on page 2 of the U.S. Census Bureau publication: Why People Move: Exploring the
March 2000 Current Population Survey. Which of the work-related reasons contained the least number
of people? >>> Retired
Refer to this U.S. Census Bureau study of Geographical Mobility in the United States in the last decade of
the 20th century: Geographical Mobility. According to the information in this study, what is the best
estimate of the number of moves would you have left to look forward to at age 16? >>> less than 10.8
and more than 9.2 moves
Third Federal Bank is in a national search for a new Director of Human Resources. The recruiting budget
is $30,000. So far, the bank has spent $8,600 on advertising and $7,650 on interviewing. The bank is
willing to pay a 5.5% commission to a broker for selling the new director's home. What is the maximum
selling price on which the bank would pay 5.5% commission and stay within its budget? Express your
answer in dollars and cents. >>> $250,000
The County Mental Health Center is looking for a Facility Director. It has budgeted $20,000 for recruiting
costs. The Center spent $5,300 on advertising and $3,500 on interviewing. The Center is willing to pay
5.5% commission on selling the new director's home. What is the maximum selling price the Center
would pay 5.5% commission on to stay within budget? >>> $203,636.36
Jamison Foundry wants to stick to its recruiting budget for the position of Manager of Operations to
$80,000 or less. So far, the company has spent $9,500 on advertising and $52,310 on interviewing. The
company will pay 6% commission on selling the new manager's home. What is the maximum selling
price of a house that the Foundry would pay 6% commission on and stay within its budget? >>>
$303,166.67
Lastima Nelson, Inc. is recruiting a new Chief Financial Officer (CFO). The recruiting budget is $44,000.
Lastima has spent $10,000 on advertising and $8,500 on interviewing. The company is willing to pay 6%
commission to a broker for selling the new CFO's home. What is the maximum selling price on which the
company would pay 6% commission and stay within its budget? >>> $425,000.00
The high school chess club sold tee-shirts for fund raising at $10 per shirt. They owed 20% of their
proceeds to the referee. On Monday they sold 17 shirts, on Tuesday they sold 13 shirts, and on
Wednesday they sold 10 shirts. How much money did the club keep? >>> $320
A rental company at the park rents out bicycles for a fee of $15.00 plus $8.00 for every half-hour. Which
equation expresses C, the cost of renting a bicycle for h hours? >>> C = 15 + 16h
,A real estate agent sold Darlene's house so she can move to a new job. The company hiring Darlene paid
the real estate agent $14,000 which is 6.5% of what the house sold for. What is the correct setup to find
how much the house sold for? >>> ($14,000 ÷ 0.065) = selling price
A Florida law firm hired an attorney. Advertising expenses totaled $13,500 and interviewing expenses,
including travel for two of the candidates, totaled $1,450. They selected Patrice La Vine. Hiring expenses
included $4,500 in moving costs and a 7% realtor's fee on the selling price of Patrice's home. The home
sold for $345,980. What was the total recruiting cost? >>> $43,668.60
Atlas Chemical Company wanted to keep its recruiting costs for the position of Chief Chemist to less
than $100,000. The company spent $15,500 on advertising and $32,700 on interviewing expenses. They
will pay 8% commission on selling the selected individual's home. What is the maximum selling price
that Atlas would pay 8% commission on and stay within budget? >>> $647,500
Mova Industries pays a finder's fee of 20% of the new employee's annual salary. What is the correct
setup to find the finder's fee, when the new employee's salary is $150,000? >>> x = $150,000 * 0.20
The Smith-Hart Company is searching for a person to head its accounting department. The personnel
department placed advertisements for a total cost of $5,902. The company's cost to interview
candidates is $17,800. The hiring expenses totaled $800. What is the total recruiting cost? >>> $24,502
Find the total recruiting cost, given the following expenses. Express your answer in whole dollars.
Advertising expenses: $1,456
Interviewing expenses: $1,290 for the first candidate and $1,390 for the second candidate
Moving expenses: $4,500 for the person hired >>> $8,636
Samantha's Green Clothing has hired Margie Taylor, a manager from out of state. The clothing chain has
agreed to pay a real estate broker 4% of the sale price of Margie's home. The home sold for $375,000.
How much will Samantha's Green Clothing pay the real estate broker? >>> $15,000
A year ago, when Delmar Harris started his job as an accounting clerk at Wright Way Enterprises, his
salary was $38,500. This week he received a cost-of-living adjustment of 2.4% and a merit increase of
15.0%. How will Delmar's annual salary be next year? Round to the nearest dollar. >>> $45,199
Cory Yip is a customer service agent, Level 1, for Marcom & Associates. He received a 2.5% cost-of-living
adjustment and a merit increase of 4%. What is Cory's new salary? >>> $21,300
Jackson Banks is a shift manager, Level 3, for Marcom & Associates. He received a 3% cost-of-living
adjustment and a merit increase of 10%. What is Jackson's new salary? >>> $44,070
Nermal Kumar is a senior manager for Timber Eye Industries in California. After his annual performance
review, he received a merit raise of 7.25% and a cost-of-living increase of 2.2%. His annual salary after
, the increases was $87,609.50. What was Nermal's annual salary before the two increases took effect?
>>> $80,045.23
Ruth Mason received a 4.3% merit increase and a 3.25% cost-of-living increase after her quarterly
review. Her new weekly salary was $688.32. What was her weekly salary prior to the increases? >>>
$640
Emily Penn sells for Maumere Electronics. She is paid a base salary of $300 and 7% of all sales. One week
she had sales of $7,280. If Emily's rate of commission is increased to 7.5%, but her base remains the
same, how much more will she earn in a week in which she had sales of $7,280? >>> $36.40
After Frances George's semi-annual performance review, she received a merit increase of 4.75% and a
COLA of 3.25%. She now earns $20.01 an hour. What was her hourly wage, to the nearest cent, before
the merit and COLA increases? >>> $18.53
A candy store owner pays $0.05 for each stick of bubble gum. He sells each stick of gum for $0.15. If he
made $20 last month on bubble gum, how many sticks of gum did he sell? >>> 200 sticks of gum
Oliver Sands is a landscaper. In 2010, the price of a 5-gallon flowering lantana bush was $4.99. In 2011, it
was $5.49. At the beginning of 2012 the price is listed at $5.99. What is a reasonable estimate of the
cost of a 5-gallon lantana in 2013? >>> $6.50
Jamie Pruitt is an assistant to the city manager. Her annual salary is $45,000. Next month she will receive
a yearly cost-of-living adjustment of 2.5%. In addition, her manager plans to award her a merit increase
of 4% for her excellent work during the year. What will Pruitt's salary be for the coming year? >>>
$47,925
Malik Brooks works 40 hours per week, 52 weeks each year for Metro Delivery. He earns $9.15 per hour.
If Malik receives a 4.9% merit increase, what will his new hourly rate be? >>> $9.60
Sarah Barnard writes a monthly column for City Magazine. Her salary is $25,000. Next month she will
receive a yearly cost-of-living adjustment of 2.8%. She is also expecting a merit increase of 5%. What will
Sarah's annual salary be next year to the nearest dollar? >>> $26,950
Write 325% as a decimal. >>> 3.25
Write 0.22% as a decimal. >>> 0.0022
Write 18% as a decimal. >>> 0.18
Find $5,875 ÷ $6,030 rounded to the nearest tenth of a percent. >>> 97.4%
Find $12,103 ÷ $68,840 rounded to the nearest tenth of a percent. >>> 17.6%
Valeria Barnes earns an annual gross pay of $42,000. She gets $14,000 in total benefits. What is the rate
of her benefits? >>> 33.3%
