Answer to Question #164968 in Quantitative Methods for saleemaslam

Question

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 Determine the monthly profit (loss) if it sells 325 units per month.

a. $1500      b. ($1500)      c. $3000      d. $0      e. None of these

 How many units must be sold per month to earn a profit of $7000?

a. 342         b. 425      c. 675          d. 575           e. None of these

 Find the percent discount for an article listed at $40 whose net price is $25.

a. 15%        b. 25%     c. 37.5%      d.  62.5%       e. None of these

 A manufacturer produces a product which it sells for $60 per unit. The variable cost per unit is $20 and the fixed cost per month is $10,000. 

 How many units must be sold per month to break even?

a. 167      b. 500      c. 400      d. 250      e. None of these

The net price of an article is $125.46. What is the list price if a discount of 38% was allowed?

a. $200.90     b. $204.13       c. $90.91       d. $202.35      e. None of these

A 24% trade discount is equal to $365. What is the list price (rounded to the nearest dollar)?

a. $453       b. $1,156         c. $993            d. $1,799         e. $1,521

 An invoice for $5,000 dated July 25, terms 5/10, net 30 is paid on August 4. What amount must be paid to reduce the debt to $1,000?

a. $1,000     b. $3,800         c. $4,995         d. $4,998         e. $5,000

 How much interest is owed on a loan of $11,500 borrowed at 5.5% from March 1, 2020 to August 15, 2020?

a. $11,683.68     b. $318.86      c. $212.34      d. $183.68       e. None of these

 How much must be placed in a two-month term deposit earning 4.8% simple interest in order to earn $275 interest?

a. $12,500        b. $5,729.17         c. $23,333.33        d. $34,375.00      e. $53,333.33

 In how many months will $2,500 earn $51.04 interest at 3.5% simple interest?

a. 5             b. 7           c. 9          d. 6            e. None of these

You invested $7,500 in a savings account that pays interest of 3.6% compounded monthly. What is the value of your investment after 17 months?

a. $7,365.70   b. $13,682.87    c. $7,891.82    d. $7,541.45    e. None of these

A non-interest-bearing promissory note has a face value of $950. Find the proceeds of this note if it is discounted 3½ years before its maturity date at 8% compounded quarterly.

a.  $719.98      b.  $725.67     c. $771.65     d. $657.22         e. None of these

 

 

 

 

 

Answer 1

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