Questions from Business Mathematics

Q: Green Thumb Nursery sells spreading junipers to the gardening departments of local

Green Thumb Nursery sells spreading junipers to the gardening departments of local grocery and building supply stores. The net price per tree is $27.06 after a trade discount of $22.14. What rate of t...

Q: Niagara Dairies gives convenience stores a trade discount of 24% on

Niagara Dairies gives convenience stores a trade discount of 24% on butter listed at $72.00 per case. What rate of discount will Silverwood Milk Products have to give on its list price of $74.50 per c...

Q: A college bookstore buys back good-condition textbooks for 45%

A college bookstore buys back good-condition textbooks for 45% off the retail price of new books. What will a student receive for a book currently selling at $104.50 new?

Q: The net proceeds to the vendor of a house after payment of

The net proceeds to the vendor of a house after payment of a 5.5% real estate commission were $321,111. What price did the house sell for?

Q: A merchant pays a 3.5% fee to the Bank

A merchant pays a 3.5% fee to the Bank of Montreal on all MasterCard sales. 1. What amount will she pay on sales of $17,564 for a month? 2. What were her gross sales for a month in which the bank char...

Q: Cynthia and Byron sell mutual funds for Syndicated Investors. Purchasers of

Cynthia and Byron sell mutual funds for Syndicated Investors. Purchasers of mutual funds from agents of Syndicated Investors pay a front-end commission of 5.5%. The commission is paid on the total amo...

Q: Subject to certain restrictions, you may elect to start collecting the

Subject to certain restrictions, you may elect to start collecting the Canada Pension Plan (CPP) monthly retirement pension at any time after you reach age 60. The payments are then reduced by 0.6% fo...

Q: A company is examining two mutually exclusive projects. Project X requires

A company is examining two mutually exclusive projects. Project X requires an immediate investment of $100,000 and produces no profit until Year 3. Then the annual profit is $40,000 for Years 3 to 5 i...

Q: 1. Mirabai’s income tax rate on additional income is 42%.

1. Mirabai’s income tax rate on additional income is 42%. She has just received a wage increase of $1.25 per hour. What is her after-tax increase in hourly pay? 2. Shira’s tax rate on additional incom...

Q: The evening news reports that the S&P/TSX Composite

The evening news reports that the S&P/TSX Composite Index dropped 1.7% on the day to close at 13,646 points. Rounded to the nearest integer, how many points did the index fall on the day?