Entrepreneurship and Small Business Management

Chapter 1: What Is Entrepreneurship?

Business Math Self Assessment

Fundamental Math


1.	How should five and 29 thousandths be written in decimal form?
		A)	5.029
		B)	5.29
		C)	5029.00
		D)	5.0029


2.	Felicia looks through her Visa bill and finds the following items listed: purchases of $15.99 from Hallmark, $38.56 from Albertsons, $73.29 from Mervyns, and $7.02 from Barnes and Noble, along with a $17.33 credit from Target. What is the balance on her account?
		A)	$152.19
		B)	$117.53
		C)	$134.86
		D)	$17.33


3.	In problem 2, Felicia decides to pay 40% of her bill. What amount will she pay?
		A)	$6.93
		B)	$53.94
		C)	$60.88
		D)	$47.01


4.	Tim worked 38 hours this week. He earns $7.25 per hour. What are his gross wages?
		A)	$266.67
		B)	$290.00
		C)	$275.50
		D)	$5.24


5.	After taxes and other deductions are taken out of Tim's wages, he receives a paycheck in the amount of $236.93. What percent of his pay goes for taxes and other deductions?
		A)	18%
		B)	14%
		C)	11%
		D)	25%


6.	You are trying to find the best value in a microwave. Model 83AG has been marked down to $85.95 from $115.95. Which is the percentage reduction from the original price?
		A)	30.02%
		B)	25.87%
		C)	27.15%
		D)	26.73%


7.	In one serving of yogurt, 5% of the 140 calories come from fat. How many calories are from fat?
		A)	7 calories
		B)	12 calories
		C)	5 calories
		D)	28 calories


8.	In the number 6,782,043.19, what digit is in the hundred position?
		A)	0
		B)	9
		C)	7
		D)	4


9.	You need to buy 3 1/2 yards of material for a costume you are making. The fabric sells for $7.99 per yard. The sales tax in your state is 5.2%. How much will the material cost?
		A)	$27.97
		B)	$32.55
		C)	$29.42
		D)	$28.00


10.	Richard paid $26.95 for a pair of jeans that had been marked down 40 percent. What was the original price of the jeans?
		A)	$55.00
		B)	$44.92
		C)	$53.90
		D)	$10.78


11.	Marcia opened a 16-ounce bottle of juice and drank 1/4 of it. Later, she drank 1/2 of what was left. How many ounces were left in the bottle?
		A)	4
		B)	8
		C)	6
		D)	2


12.	Your hometown has an average rainfall of 5 inches for the month of February. This February your town had at least 10 inches, which is equivalent to what percentage increase?
		A)	200%
		B)	100%
		C)	50%
		D)	2%


13.	Calculate the hourly wage of an employee who earned $86.70 in 12.75 hours.
		A)	$5.75
		B)	$5.90
		C)	$6.40
		D)	$6.80


14.	Gayle is accepting a check from a customer. The customer has not written the amount in numerical form, though he did write it in as one thousand, three dollars and 24/100. What should Gayle have her customer write in as the numerical amount?
		A)	$1,300.24
		B)	$1,030.24
		C)	$1,003.24
		D)	$103,000.24


15.	Marta is making a quadruple batch of brownies. A single batch calls for 2/3 cup of sugar. How much sugar does she need to use?
		A)	1/6 cup
		B)	2 2/3 cups
		C)	6 cups
		D)	4 cups


16.	Thirty-two hundredths of a dollar is equivalent to how much?
		A)	$0.32
		B)	$3.20
		C)	$3,200
		D)	$0.03


17.	In a class of 25 students, 4 prefer yellow apples, 16 prefer red apples, and the rest prefer green apples. What fraction of the class prefers green apples?
		A)	4/5
		B)	1/4
		C)	1/5
		D)	1/3


18.	Marco's dog, Max, eats 1/4 of a can of dog food three times a day. In five days, how many cans does Max eat?
		A)	3 cans
		B)	1 1/4 cans
		C)	5 cans
		D)	3 3/4 cans


19.	Eulinda is buying a new couch for $4,569.99. She must leave a 10 percent deposit on the couch. How much should she leave with the furniture store?
		A)	$45.70
		B)	$69.99
		C)	$460.00
		D)	457.00


20.	In problem 19, how will Eulinda write the amount on the check?
		A)	Forty-five and 70/100
		B)	Sixty-nine and 99/100
		C)	Four hundred sixty and no/100
		D)	Four hundred fifty-seven and no/100