Questions from Business Mathematics

Q: Wendy, Simone, and Leif share the costs of their coffee

Wendy, Simone, and Leif share the costs of their coffee fund in the ratio 3 2 : 2 3 : 5 3 . How will costs of $50 be allocated among them?

Q: Rearrange I = Prt, to isolate t on the left side

Rearrange I = Prt, to isolate t on the left side.

Q: Mr. Nolan’s will specifies that the proceeds from his estate be

Mr. Nolan’s will specifies that the proceeds from his estate be divided among his wife, son, and stepson in the ratio of 7 5 : 1 : 5 7 , respectively. Rounded to the nearest dollar, how much will each...

Q: The CPI stood at 96.4, 98.6,

The CPI stood at 96.4, 98.6, 101.2, 103.3, 105.7, and 108.9 on the same date in successive years. 1. What was the inflation rate: (i) in the fourth one-year interval? (ii) in the fifth one-year interv...

Q: The exchange rate between the US$ and the C$ declines

The exchange rate between the US$ and the C$ declines from US$1.3358 to US$1.3112 per C$. What will be the change in the C$ price to an importer of a US$2000 item?

Q: Solve the following proportions for the unknown quantities. 1.

Solve the following proportions for the unknown quantities. 1. t : 26 : 10 = 24 : 39 : s 2. x : 3600 : y = 48 : 40 : 105

Q: A partnership agreement provides that half of the annual profit be distributed

A partnership agreement provides that half of the annual profit be distributed in proportion to each partner’s investment in the partnership, and that the other half be distributed in proportion to th...

Q: A steel company in Hamilton can purchase Alberta coal at C$

A steel company in Hamilton can purchase Alberta coal at C$105 per metric tonne (1000 kg) or West Virginia coal at US$95 per ton (2000 lb) (1 kg = 2.205 lb). How much cheaper in C$ per metric tonne is...

Q: The exchange rate between Currencies X and Y is currently Y0.

The exchange rate between Currencies X and Y is currently Y0.05614 = X1.00. If X weakens by 1.5% relative to Y, what will be the new values for the exchange rates per unit of X and per unit of Y?

Q: Solve the following proportions to four-figure accuracy. 1

Solve the following proportions to four-figure accuracy. 1. 65 : 43 = 27.3 : x 2. 1410 : 2330 : 870 = a : 550 : b