A1 BADD1013
ASSIGNMENT 1
BADD1013 BUSINESS MATHEMATICS
1. A collection agency specializing in collecting past-due commercial invoices charges $27
as an application fee plus 14% of the amount collected. What is the total charge for collecting $3400 past-due commercial invoices?
2. Mark owns 72% of a publishing company. The company has a value of $484,000 and
Mark receives 16% income from his ownership. Find the income amount.
3. The Jordans have saved $39,700 for a down payment. If a 18% down payment is
required, what price house can they buy? Round to the nearest dollar.
4. A hotel in the process of renovating states that 45% of guest rooms are updated. If 28
rooms are not yet updated, find the total number of rooms in the hotel. Round to the nearest whole number.
5. Brand X copier advertises that its copiers run 13% longer between service calls than its
competitor. If Brand X copiers run 67,100 copies between services, how many copies would the competitor run? Round to the nearest whole number.
6. A union contract calls for a 6.9% salary raise for all employees. Determine the raise for a
worker who is currently making $27,990. Round to the nearest cent if necessary.
7. The Tragord family learned that their investments decreased in value by 13% over the
last year. If the investments were worth $100,000 at the beginning of the year, how much (in dollars) did they lose over the last year?
8. Sarah bought some jewelry that originally cost $433 and was advertised at 10% off.
What was the sale price of the jewelry?
9. Sales of frozen pizza for a club fund-raiser increased from 500 one year to 610 the next
year. What was the percent of increase?
10. After receiving a drop in price of 12.5% on its bulk order of printer cartridges, John's
Office Supply pays $6825. What was the original price of the order?
BADD1013 BUSINESS MATHEMATICS
1. A collection agency specializing in collecting past-due commercial invoices charges $27
as an application fee plus 14% of the amount collected. What is the total charge for collecting $3400 past-due commercial invoices?
2. Mark owns 72% of a publishing company. The company has a value of $484,000 and
Mark receives 16% income from his ownership. Find the income amount.
3. The Jordans have saved $39,700 for a down payment. If a 18% down payment is
required, what price house can they buy? Round to the nearest dollar.
4. A hotel in the process of renovating states that 45% of guest rooms are updated. If 28
rooms are not yet updated, find the total number of rooms in the hotel. Round to the nearest whole number.
5. Brand X copier advertises that its copiers run 13% longer between service calls than its
competitor. If Brand X copiers run 67,100 copies between services, how many copies would the competitor run? Round to the nearest whole number.
6. A union contract calls for a 6.9% salary raise for all employees. Determine the raise for a
worker who is currently making $27,990. Round to the nearest cent if necessary.
7. The Tragord family learned that their investments decreased in value by 13% over the
last year. If the investments were worth $100,000 at the beginning of the year, how much (in dollars) did they lose over the last year?
8. Sarah bought some jewelry that originally cost $433 and was advertised at 10% off.
What was the sale price of the jewelry?
9. Sales of frozen pizza for a club fund-raiser increased from 500 one year to 610 the next
year. What was the percent of increase?
10. After receiving a drop in price of 12.5% on its bulk order of printer cartridges, John's
Office Supply pays $6825. What was the original price of the order?