Work sheet#2 - National University of Computer & Emerging...

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National University of Computer & Emerging Sciences Work Sheet #2 (Fall 2011) Subject: Business Math Date : Q1: A law firm has 3 partners. The first partner owns 2/5 of the business, the second partner owns 3/8 of the business and the third partner owns 9/40 of the business. The business is worth $1.5 million dollars. A new partner is introduced who contributes an additional $300,000 and owns 1/5 of the total value of the new business. What are the new values for the first, second, and third original partners? Q2: Calculate the value of x: 7 = 2 : 5 (a ) Q3: You bought a car and got a 7.25% discount from the original price. If your purchase price is $21,063, what was the original price? Q4: You sell your house at 97% of the list price. What was the amount of sales commission if the commission percentage is 3% and the list price of the house was $172,500? Q5: Your earnings of $867.34 for the week represent 4.68% of your annual earnings. What are your annualized earnings? Q6: If the exchange rate of Canadian dollars to US dollars is 32%, convert 100 American dollars
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This note was uploaded on 01/20/2012 for the course ECON 501 taught by Professor Ibrar during the Summer '11 term at University of the Punjab.

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Work sheet#2 - National University of Computer & Emerging...

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