Questions from Business Mathematics

Q: Use P V = P M T [ 1 − ( 1

Use P V = P M T [ 1 − ( 1 + i ) − n i ] , to obtain PMT if PV = $6595.20, n = 20, and i = 0.06.

Q: Solve each of the following: 1. What amount is

Solve each of the following: 1. What amount is 17.5% more than $29.43? 2. What amount reduced by 80% leaves $100? 3. What amount reduced by 15% equals $100? 4. What is $47.50 after an increase of 320%...

Q: In a downtown Edmonton office building, 42% of its employees

In a downtown Edmonton office building, 42% of its employees smoke. If 11% of the smokers join a stop-smoking group and the group has 17 members, how many employees are in the office building? Round y...

Q: Express each of the following ratios in its lowest terms.

Express each of the following ratios in its lowest terms. 1. 0.18 : 0.60 : 0.45 2. 9 8 : 3 4 : 3 2 3. 1 6 : 1 3 : 1 9 4. 6 1 4 : 5 : 8 3 4

Q: For the last five years the sales of Departments D, E

For the last five years the sales of Departments D, E, and F have maintained a relatively stable ratio of 13 : 17 : 21. Department E is forecasting sales of $478,000 for next year. Based on the past s...

Q: If C$1.00 rises from ¥87.94

If C$1.00 rises from ¥87.94 to ¥89.78, what will be the change in the C$ price to an importer of a ¥2,965,000 car?

Q: A provincial government allocates 29% of its budget to education,

A provincial government allocates 29% of its budget to education, 31% to health care, and 21% to social services. If the dollar amount budgeted for education is $13.7 billion, how much is budgeted fo...

Q: Before Mr. and Mrs. Percival left for Great Britain,

Before Mr. and Mrs. Percival left for Great Britain, they purchased British pounds at an exchange rate of C$1.5947 = £1.00. When they returned to Canada eight weeks later they converted their remainin...

Q: How should common area costs totalling $28,575 be allocated

How should common area costs totalling $28,575 be allocated among commercial tenants A, B, C, and D if the costs are prorated based on leased areas of 1260, 3800, 1550, and 2930 square feet, respectiv...

Q: A profit-sharing bonus was divided among four employees—Ms

A profit-sharing bonus was divided among four employees—Ms. L, Mr. M, Ms. N, and Mr. P—in the ratio of 1.5 : 1 : 0.75 : 0.5, respectively. If Ms. N received $2000, how much did each of the others rece...