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Business Mathematics Study Set 1
Quiz 2: Review and Applications of Algebra
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Question 261
Short Answer
Broadway Mazda usually spends half as much on radio advertising as on newspaper advertising, and 60% as much on television advertising as on radio advertising. If next year's total advertising budget is $160,000, how much (rounded to the nearest dollar) should be allocated to each form of advertising?
Question 262
Short Answer
Calculate the missing value: Initial Value =?; Final Value = $75; Percent Change = 200%
Question 263
Short Answer
A hockey arena has 2500 seats in the preferred red LOs near centre ice and 4500 seats in the less desirable blue LOs. At regular season prices, a sell-out would generate ticket revenue of $50,250 for a single game. Ticket prices are raised by 20% in the "blues" and 30% in the "reds" for the playoffs. Ticket revenue from a playoff sell-out would be $62,400. What are the ticket prices for the playoffs?
Question 264
Short Answer
Calculate the missing value: Initial Value = 0.095; Final Value = 0.085; Percent Change =?
Question 265
Short Answer
$100 is what percent more than $90?
Question 266
Short Answer
Calculate the missing value: Initial Value = 135kg; Final Value = 35kg; Percent Change =?
Question 267
Short Answer
Erin has invested in both an equity mutual fund and a bond mutual fund. Her financial advisor told her that her overall portfolio rose in value by 1.1% last year. Erin noted in the newspaper that the equity fund lost 3.3% last year while the bond fund rose 7.7%. To the nearest 0.1%, what percentage of her portfolio was in the equity fund at the beginning of the year?
Question 268
Short Answer
A city's commercial construction by-laws require five parking spaces for every 100 square metres of retail rental space in a shopping centre. Four percent of the parking spaces must be large spaces for the physically handicapped. Of the remainder, there must be 40% more regular-size spaces than "small-car" spaces. How many parking spaces of each type are required for a 27,500 square metre shopping centre?
Question 269
Short Answer
Calculate the missing value: Initial Value = 112g; Final Value =?; Percent Change = 112%
Question 270
Short Answer
Calculate the missing value: Initial Value =?; Final Value = $75; Percent Change = -50%
Question 271
Short Answer
Quality Grocer makes its own bulk "trail mix" by mixing raisins and peanuts. The wholesale cost of raisins is $3.75 per kg and the cost of peanuts is $2.89 per kg. To the nearest 0.1 kg, what amounts of peanuts and raisins should be mixed to produce 50 kg of trail mix with an effective wholesale cost of $3.20 per kg?
Question 272
Short Answer
Fred has centralized the purchasing and recordkeeping functions for his three pharmacies in a single office. The annual costs of the office are allocated to the three stores. The Hillside store is charged $1,000 less than twice the charge to the Barnett store. The Westside store is charged $2,000 more than the Hillside store. What is the charge to the Westside store if the cost of operating the central office for a year is $27,600?
Question 273
Short Answer
Calculate the missing value: Initial Value = $134.39; Final Value =?; Percent Change = -12%
Question 274
Short Answer
Mr. and Mrs. Chudnowski paid $1,050 to fly with their three children from Winnipeg to Regina. Mrs. Ramsey paid $610 for herself and two children on the same flight. What were the airfares per adult and per child?