Chapter 7
Discounts, Trade and Cash
Problem 1
ABC Carpets, a wholesaler of
carpeting, lists their price for a
particular carpet as $950.00. XYZ
Home Furnishings, a retailer, receives
a 7% trade discount from ABC. How
much will XYZ pay for the carpet?
Pro

Business 20
Practice Exam 2 Chapters 7-10
1)
XYZ Furniture, a wholesaler of upholstered furniture, lists their price for a particular sofa as
$1,020.00. ABC Furniture, a furniture retailer, receives a 9% trade discount from XYZ. How
much will ABC pay for

Business 20 - Business Math
Assignment List, Slater 7th ed.
(The notation 1-41, for example means Chapter 1, problem 41)
Specific due dates for the assignments will be announced in class based on progress we
make in moving through the chapters.
Chapter 1

Business 20, C. Wyckof
Exam 4, Practice Exam/Study Guide
Chapters 16, 17, 19
1)
All
a)
b)
c)
d)
2)
Assets minus liabilities equals:
a) Current assets
b) Total liabilities
c) Merchandise inventory
d) Owners or stockholders equity
3)
of the following are fo

Problem 1
Your gas tank is full. If
you use 1/3 of that
tank that you have, what
fraction of a full tank will
you have left?
Problem 2
An item is regularly priced
at $40. A sale sign says it is
1/5 off. As a special, just for
today, they say they will
ta

Chapter 5
Practice Questions
Problems 13-22 are the practice
Questions for the Ch. 5 Quiz
Problem 1
Frank and Albert are
brothers. Frank is four times
as old as Albert. The sum of
their ages is 45. How old is
Frank?
Problem 2
Thornes Diner sold a combined

Practice for Chapter 5 Quiz
1) Frank and Lou are brothers. Frank is three times as old as Lou. The sum of their ages is
32. How old is Frank? Ans: 24
2) Target sells shirts for $8 and pants for $15. In July total sales of shirts and pants together
were $1

Practice Problem Involving Money
I made a total of $100 selling Yo-Yos at the swap meet.
I sold blue Yo-Yos for $4, red Yo-Yos for $6, and yellow
Yo-Yos for $2. I sold 3 more blue Yo-Yos than red and
half as many yellows as red. How many of each color
did

Exam 1 Practice Questions CH 1,2,3,6
1) Write this number: Thirty seven million eighty thousand one hundred five.
37,080,105
Millions means you will have two commas. Write your commas with three
spaces like this - - -, - - -, - - - and fill them in using

Exam 1 Practice Decimals & Percents
1.
7/8 of the students taking this exam have
studied from the textbook. If there are 40
students who take this test, how many have
studied from the text?
Ans: 35
2.
If you were given a 15 % discount on the
purchase of a