Business Math
Basic Math Assignment
(Total 40 Points)
Question 1: (4
Points)
a) The price of a product went up $3 in 2013 and went down $4 in 2014. What is the overall change in price over the two year period?
b) Jane bounced three checks and the bank charge for each was $35. Use a negative or positive sign to express the total service charges.
c) 29 ÷ 6 = (express using remainder)
d) 4 – ( 6)
Question 2: (8
Points)
a) 0.4 * 0.7 =
b) Sam’s checking account was overdrawn $40. If he deposited $30, what is his new balance?
c) Aunt Jean’s debts were divided between three of her nieces. If she owed a total of $1,623, how much was owed by each niece?
d) 0.17  (6.9) = (round to the nearest thousandth)
e) 17.9 * (3) =
f) 16.9 * (4.9) =
g) 14 ÷ 7.9 = (round to the nearest tenth)
h) If the bank was asked to reverse a service charge they’d previously assessed, could the following problem be the correct way of calculating this? $140  (35) = $175. True or false
Question 3: (12 Points)
a) 1/3 + 1/4 =
b) 1/2  4/5 =
c) (1/7) (2/3) =
d) 7 ÷ 7/3 =
Question 4: (16 Points)
Lynn and Michael have been offered jobs where they will be paid strictly on
commissions. They expect to receive 4% commissions on all sales of Solar Panels
they close. Lynn’s goal is to earn a gross salary of $60,000 a year. Michael’s
goal is to earn a gross salary of $20,000 a year parttime. How much in Solar
Panel sales would Lynn and Michael need in order to reach their targeted
salaries? Show your work.

Rating:
5/
Solution: Business Math
Solution: Business Math