CLASSWORK PROBLEMS
DECIMALS
DIRECTIONS:
· Write money in proper form.
· Reduce fractions/ratios to lowest terms.
· Round decimals to nearest cent/hundredth.
DO NOT USE A CALCULATOR!!!
1) The carpenter's union has recently been granted a new wage contract. As a result, the total gross earnings of six employees of the Ferrini Construction Company increased from $198,536.54 per month to $218,948.24 per month.
a) What is the amount of increase in gross earnings?
b) How much increase of the gross earnings does each employee receive?
2) You are an executive secretary in a credit bureau. You receive a gross monthly salary of $1042.37. Deductions from that amount are: FICA - $95.43, federal tax - $189.56, state tax - $63.88, and health
insurance - $16.21.
a) What is the total of deductions?
b) What is your net pay for each month?
3) Last month the Chipper Tree Service paid wages totaling $43320.60. This month's wages will total $54460.75. The increase will be paid from a $15000.00 reserve account. Money from the reserve account will also be used to purchase a $3650.82 piece of equipment.
a) By how much have wages increased?
b) How much will be left in the reserve account after paying for the wage increase and new equipment?
c) When the balance in the reserve account goes below $500, a warning is sent to the company president. Will the president be notified this month?
4) You purchased property that cost $87,500 for your real estate investment firm, and sold it for $154,000.00. Your tax on the property is found by multiplying your profit by 0.18.
a) What was your profit on the sale?
b) How much tax do you owe?
5) This month you collected $2797.38 from your customers on the sale of 8 Lifecycle Stairmasters. This amount included $31.95 in federal excise tax, and $43.33 in state sales tax.
a) What was the total amount of taxes paid by your customers?
b) What was the before-tax price of each Lifecycle Stairmaster?
6) You are the business manager for a 15-member soccer team. Each month you pay $148,562.54 for salaries, $15,678.98 for insurance, $50,355.00 for stadium rent/utilities, and $3667.34 for transportation.
a) What are the total monthly expenses?
b) There is now $225,000 in the team’s checking account. The team needs new uniforms that cost $55.75 each. Will you have enough in your account to cover the new uniforms?
7) Matt’s car averages 30.7 miles per gallon. How far can he travel on 11.5 gallons of gas?
8) Monica Mayfield paid a total of $2977.92 for her car in 18 months. What was her monthly payment?
9) Eastern States Telephone Company charges $2.60 for the first minute on a long distance call and $0.05 for each additional minute. How much will a 30-minute phone call cost?
10) Last month the Rubber Wheels Service paid wages totaling $103820.60. This month’s wages will total $114460.20. The increase will be paid from a $20,000 reserve account. Money from the reserve account will also be used to purchase a $5670.75 crane and a $4583.10 lift.
a) By how much have the wages increased?
b) How much will be left in the reserve account after paying for the wage increase and new equipment?
c) When the balance in the reserve account goes below $50.00, a warning is issued to the company’s president. Will the president be notified this month?
11) A tax of $3.07 is charged on each box of sandals purchased by a shoe store. One month the store paid $58.33 in taxes for sandals.
a) How many boxes of sandals were purchased for that month?
b) If each box of sandals had a retail value of $28.25, what was the total retail value of the purchase?
12) A Chevrolet pickup holds 15.2 gallons of gasoline. If the fuel gauge indicates that the tank is 7/8 full, how many gallons are in the truck?
13) Oscar rented a car for 8 days at a rate of $19.99 per day plus $0.15 per mile plus $24.50 for insurance. If he drove 995 miles, how much did it cost Oscar to rent the car?
14) This month you collected $797.38 from your customers on the sale of 15 encyclopedia sets. This amount included $31.95 in federal excise tax and $43.33 in state sales tax.
a) What was the total amount of taxes paid by your customers?
b) What was the before-tax of each encyclopedia set?
15) A leather goods company pays a sales tax of $0.65 on each foot of leather and $2.75 on each gallon of tanning solution. The company purchased 50.5 feet of leather and 7 gallons of tanning solution. What was the total sales tax for the leather and tanning solution?
16) Darlene bought bedroom furniture for $1185.12. If she pays for it in quarterly installments, how much does she pay every 3 months?
17) Roy Myers drove 396.5 miles in 8.25 hours. What was his average speed (miles per hour)?
18) As a science project students had to weigh some items in the classroom. The following are Billy Bob’s measurements:
12.8 pounds, 4 pounds, 18.2 pounds, 22.4 pounds, 13.3 pounds, 14.5 pounds
What was the average weight of the items?