Math Money Management
Test Chapter
8
Name _________________________
Be sure to read directions for each question carefully.
All work must be your own.
Please show work!!
1.
Loren Webster wants to buy the Pantheon XE90 sports car listed below.
There is a 10% sales tax on the purchase
price of the car in her state.
If she pays the full sticker price of the car, what is the total price?
2.
The Bakers are buying a new Galaxy I90 sports compact that has a base price of $7995 with options totaling
$2410.80 and a destination charge of $221.80.
The dealer
s cost is estimated to be 85% of the base price and 88%
of
the price of the options.
a)
what is the sticker price of the car?
b)
what is the estimated dealer
s cost?
3.
George Garcia owns a three yearold car that he wants to sell in order to buy a new Honda.
One usedcar guide
shows
the average retail value of his car
is $4100.
He adds $50 for having a vinyl top, $100 for air conditioning, and $35
for
power windows.
He deducts $200 for excessive mileage.
What is the average retail price he can ask as a selling
price
for his car?
Used the usedcar guide at the right for problems
4 & 5:
SHOW ALL COMPUTATIONS!!
4)
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 Summer '06
 VariousProfessorsListed

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