MPT Applied Concepts 5

Question 1

A jacket originally priced at $120 is on sale for 25% off. What is the sale price?

Accepted Answer

$90

Answer

Discount = 25% × $120 = $30; sale price = $120 − $30 = $90.

Question 2

A bank account earns 4% simple interest per year. How much interest is earned on $2,000 after 3 years?

Accepted Answer

$240

Answer

I = P × r × t = 2000 × 0.04 × 3 = $240.

Question 3

A store marks up items by 30% over cost. If an item costs the store $50, what is the selling price?

Accepted Answer

$65

Answer

Markup = 30% × $50 = $15; selling price = $50 + $15 = $65.

Question 4

Given f(x) = 3x − 7, what is f(5)?

Accepted Answer

8

Answer

f(5) = 3(5) − 7 = 15 − 7 = 8.

Question 5

Sales tax is 7.5%. What is the total cost of an item priced at $40?

Accepted Answer

$43.00

Answer

Tax = 7.5% × $40 = $3.00; total = $40 + $3 = $43.00.

(MPT) UCF Math Placement Test Practice Test