New SAT Math Workbook

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

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

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.

Ask a homework question - tutors are online