New SAT Math Workbook

# A b c d e 5 20 40 25 80 none of these alice bought

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Unformatted text preview: s Dress Shop sold a gown for \$150, thereby making a 25% profit. What was the cost of the gown to the dress shop? (A) \$120 (B) \$112.50 (C) \$117.50 (D) \$187.50 (E) \$125 Radio House paid \$60 for a tape player. At what price should it be offered for sale if the store offers customers a 10% discount but still wants to make a profit of 20% of the cost? (A) \$64.80 (B) \$72 (C) \$79.20 (D) \$80 (E) \$84.20 3. www.petersons.com 94 Chapter 6 5. TAXES Taxes are a percent of money spent, money earned, or value. Example: Broome County has a 4% sales tax on appliances. How much will Mrs. Steinberg have to pay for a new dryer marked at \$240? Solution: Find 4% of \$240 to figure the tax and add this amount to \$240. This can be done in one step by finding 104% of \$240. 240 × 1.04 960 24000 \$249.60 Example: The Social Security tax is 7 %. How much must Mrs. Grossman pay in a year if her salary is 4 \$2000 per month? Solution: Her annual salary is 12(2000) or \$24,000. Find 7 % of \$24,000. 24,000 × .0725 12 0000 48 0000 1680 0000 \$1740.0000 1 4 1 www.petersons.com Verbal Problems Involving Percent 95 Exercise 5 Work out each problem. Circle the letter that appears before your answer. 1. In Manorville, the current rate for school taxes is 7.5% of property value. Find the tax on a house assessed at \$20,000. (A) \$150 (B) \$1500 (C) \$15,000 (D) \$1250 (E) \$105 The income tax in a certain state is figured at 2% of the first \$1000, 3% of the next \$2000, 4% of the next \$3000, and 5% thereafter. Find the tax on an income of \$25,000. (A) \$1150 (B) \$1015 (C) \$295 (D) \$280 (E) \$187 The sales tax in Nassau County is 7%. If Mrs. Gutman paid a total of \$53.50 for new curtains, what was the marked price of the curtains? (A) \$49.75 (B) \$49 (C) \$57.25 (D) \$50 (E) \$45.86 4. Eric pays r% tax on an article marked at s dollars. How many dollars tax does he pay? (A) (B) (C) (D) (E) 5. s 100r rs 100 s r 2. 100rs rs 100 3. The sales tax on luxury items is 8%. If Mrs. Behr purchases a mink coat marked at \$4000, what w...
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## This note was uploaded on 08/15/2010 for the course MATH a4d4 taught by Professor Colon during the Spring '10 term at Embry-Riddle FL/AZ.

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