Determine the price index for a product

Assignment Help Mathematics
Reference no: EM13911935

Question 1 Solve for C: F = 32 + 9/5 C

A. C = F - 32 a

B. C = 9/5 + 32

C. C = 5/9(F - 32)

D. C = (F + 32)

Question 2 In the equation x = 6 - 2y, x and y are:

A. directly related.

B. inversely related.

C. both dependent variables.

D. not related.

Question 3 John puts $780 into his checking and savings accounts. He puts three times as much into the checking account as into the savings account. What amounts did he deposit in each account?

A. $600 and $180

B. $550 and $230

C. $585 and $195

D. $525 and $245

Question 4 What is the slope between the points (2,3) and (6,5)?

A. 1/4

B. 1/2

C. 2/3

D. 3/2

Question 5 There are 7/8 as many men as women in an entering freshman class at State College. If the total enrollment for freshmen is 450, how many women enrolled?

A. 421

B. 369

C. 240

D. 210

Question 6 Solve for x: 7 + x = 9 + 27

A. x = 21/3

B. x = 9

C. x = 29

D. x = 34

Question 7 J and P are partners. J does four times the work of P, and also takes four times the profits. If total profit for the month of June is $8,000, what is J's share?

A. $2,000

B. $5,000

C. $6,000

D. $6,400

Question 8 A firm's sales for the month total $30,000. If the ratio of cash to credit sales is 2:3, what do cash sales total?

A. $6,000

B. $10,000

C. $12,000

D. $18,000

Question 9 Four partners, A,B,C,D, invest in the ratio of 5:3:3:1 in their firm. If partner A invests $20,000, what is the total invested?

A. $40,000

B. $48,000

C. $60,000

D. $80,000

Question 10 Solve for x: x/3 = 12/20

A. x = 1.8

B. x = 2.2

C. x = 2.8

D. x = 5.4

Question 11 of 20 5.0 Points Fuel oil prices averaged $0.93375 in the winter of 1998, then shot up to $1.02 in winter 1999. Calculate the additional fuel costs for a household that used 863 5/8 gallons of fuel oil during the winter of 1999.

A. $14.90

B. $74.49

C. $89.95

D. $105.45

Question 12 A car has a tank that holds 12 3/8 gallons of gasoline. Mr. Brown fills his tank and drives along the highway until he runs out of gas. If his car averages 19 2/5 mpg, how far has he traveled?

A. 226 miles

B. 238 miles

C. 240 miles

D. 245 miles

Question 13 A start-up firm's sales increased by 350% from its first year of operation to its third year total of $1.68 million. What were its total sales in its first year of operation?

A. $ 480,000

B. $ 672,000

C. $2,030,000

D. $5,880,000

Question 14 Find the sales tax on a luxury item priced at $1,475.00 if the rate of sales tax is 5 ½% of the sales price.

A. $73.75

B. $76.90

C. $81.13

D. $268.18

Question 15 A state college has a total freshman enrollment of 2,200 students, of whom 42% are male. If the remainder of the total school enrollment of 6,800 students is divided evenly between male and female, determine the total male enrollment in the school.

A. 2,856

B. 3,224

C. 3,300

D. 3,576

Question 16 A manufacturer reports production of 120,000 units in the third quarter of the year. This is an increase of 15,000 units over production in the second quarter. What was the rate of increase for the period?

A. 11.11%

B. 12.5%

C. 14.29%

D. 15%

Question 16 A consumer information magazine estimates that the real juice content of several drinks sold as snack drinks for children was 79.5% in 1999, compared to 86.25% in 1998. What is the percentage change in the real juice content?

A. -7.83%

B. -6.75%

C. 6.75%

D. 8.5%

Question 18 The CPI for a broad basket of goods in 1994 was 110, in 1999 the CPI for the same goods was 146. What was the percent inflation for the 6-year period?

A. 24.66%

B. 32.73%

C. 36%

D. 46%

Question 19 Determine the price index for a product that sold for $8.99 in 1999, compared to $6.99 in 1996.

A. 77.75

B. 122.25

C. 128.61

D. 177.75

Question 20 The consumer price index for a new car in 1990 was 110.2, and in 1995 it was 136.5. If the price of the car was $12,880 in 1990, what was the price in 1995?

A. $15,362

B. $15,954

C. $16,060

D. $16,267

Reference no: EM13911935

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