IDIS 240 CALCULATIONS UPDATED ACTUAL QUESTIONS AND CORRECT
ANSWERS
How much is 35% of 123? Ans:
=35/100*123
=43.05
What number represents 300% of 444 Ans:
=300/100*444
=1332
Find 7% of 49 Ans:
=100/7*49
=3.43
A salesperson received a 5% commission on sales. If the Ans:
annual sales were $1,250,000. How much commission was =5/100*1,250,000
earned? =62500
A salesperson receives a 5% commission on sales over Ans:
$500,000. If the sales were $650,000, how much =5/100*150000
commission was earned? =7500
Ace distributing company has $53,000 in inventory. 23% Ans:
are "C" classification items, 32% are "B" items, and the =A: 45/100*53000
remainder is class "A" items. What is the value of each =23850
class of items?
=B: 32/100*53000
=16960
=C: 23/100*53000
=12190
A distributor collected accounts receivable of $3,400 Ans:
and the COGS was $2,550. The COGS represented what =x/100*3400
percentage of the distributor's collections? =2550
x=75%
An industrial salesperson received a commission of $75 Ans:
on net sales of $1400. What rate of the commission did = x/100*1400
the person make？ =75
x=75/14
=5.357%
, A distributor employs 120 men and 67 women. What Ans:
percentage of the employees are men? Women? = m/100*187
120/18,700
0.006417
0.006417*10,000
m=64.17
W=100-64.17
=35.83%
A distributor bought a truck for $16,800 and sold it for Ans: Assumption: Salvage value = 0
$7280 at the end of two years. If the distributor is
depreciating the truck using the straight-line method over Annual Depreciation = (Current Price - Salvage Value)/Useful life = (16800)/5 =
five years, did they have an additional loss on the sale of 3360
the truck at the end of the second year? Depreciation at the end of two years = 3360 *2 = 6720
Value at the end of two years = Current Price - Depreciation = 16800 - 6720 =
10080
The distributor suffered an additional loss of 10080- 7280 = $28
The operating cost of a distributor was 23% of gross Ans: Operating Cost = 0.23 * Gross sales
sales. If the costs were $4,991.00, What were the gross 4991 = 0.23* Gross Sales
sales? Gross Sales = 4991/0.23 = $2170
A construction contractor bought a saw on sale for 40% Ans: Saw Cost = 0.4* List Price
of the list price. The saw cost the contractor $165. What 165 = 0.4 * List Price
was the list price? List Price = $412.5
A distributor purchases a truck and uses it for one year Ans: Percentage Decrease = (Original Price - Changed Price )/ Original Price
and sells it for $16,500 which is 12-1/2% less than what 12.5% = 1- (Changed Price/Original Price)
they paid for it. Find the value of the truck when the Given: Changed Price = 16500
distributor made the original purchase. 0.125 = 1- (16500/ Original Price)
0.875 = (16500/ Original Price)
Original Price = $18857.14
The operating expenses of a manufacturer last month Ans:
were $14,342. This amount was 60% of gross margin, and Operating Expenses
the gross margin was 30% of sales. What was the dollar Gross Margin= 0.6
value of sales last month for the manufacturer? Gross Margin = 0.3
Operating Expenses = 0.6*0.3 = 0.18
Sales = 14342/0.18
Thus, Sales = $79677.78
Corporate earnings in the previous quarter were Ans: Percentage Decrease = (Original Value - Changed Value)/ Original Value
$382,000. However, during the present quarter, earnings = (382000-360000)/382000
decreased to $360,000. Find the rate or percent of the = 0.0576
decrease. = 5.76%
ANSWERS
How much is 35% of 123? Ans:
=35/100*123
=43.05
What number represents 300% of 444 Ans:
=300/100*444
=1332
Find 7% of 49 Ans:
=100/7*49
=3.43
A salesperson received a 5% commission on sales. If the Ans:
annual sales were $1,250,000. How much commission was =5/100*1,250,000
earned? =62500
A salesperson receives a 5% commission on sales over Ans:
$500,000. If the sales were $650,000, how much =5/100*150000
commission was earned? =7500
Ace distributing company has $53,000 in inventory. 23% Ans:
are "C" classification items, 32% are "B" items, and the =A: 45/100*53000
remainder is class "A" items. What is the value of each =23850
class of items?
=B: 32/100*53000
=16960
=C: 23/100*53000
=12190
A distributor collected accounts receivable of $3,400 Ans:
and the COGS was $2,550. The COGS represented what =x/100*3400
percentage of the distributor's collections? =2550
x=75%
An industrial salesperson received a commission of $75 Ans:
on net sales of $1400. What rate of the commission did = x/100*1400
the person make？ =75
x=75/14
=5.357%
, A distributor employs 120 men and 67 women. What Ans:
percentage of the employees are men? Women? = m/100*187
120/18,700
0.006417
0.006417*10,000
m=64.17
W=100-64.17
=35.83%
A distributor bought a truck for $16,800 and sold it for Ans: Assumption: Salvage value = 0
$7280 at the end of two years. If the distributor is
depreciating the truck using the straight-line method over Annual Depreciation = (Current Price - Salvage Value)/Useful life = (16800)/5 =
five years, did they have an additional loss on the sale of 3360
the truck at the end of the second year? Depreciation at the end of two years = 3360 *2 = 6720
Value at the end of two years = Current Price - Depreciation = 16800 - 6720 =
10080
The distributor suffered an additional loss of 10080- 7280 = $28
The operating cost of a distributor was 23% of gross Ans: Operating Cost = 0.23 * Gross sales
sales. If the costs were $4,991.00, What were the gross 4991 = 0.23* Gross Sales
sales? Gross Sales = 4991/0.23 = $2170
A construction contractor bought a saw on sale for 40% Ans: Saw Cost = 0.4* List Price
of the list price. The saw cost the contractor $165. What 165 = 0.4 * List Price
was the list price? List Price = $412.5
A distributor purchases a truck and uses it for one year Ans: Percentage Decrease = (Original Price - Changed Price )/ Original Price
and sells it for $16,500 which is 12-1/2% less than what 12.5% = 1- (Changed Price/Original Price)
they paid for it. Find the value of the truck when the Given: Changed Price = 16500
distributor made the original purchase. 0.125 = 1- (16500/ Original Price)
0.875 = (16500/ Original Price)
Original Price = $18857.14
The operating expenses of a manufacturer last month Ans:
were $14,342. This amount was 60% of gross margin, and Operating Expenses
the gross margin was 30% of sales. What was the dollar Gross Margin= 0.6
value of sales last month for the manufacturer? Gross Margin = 0.3
Operating Expenses = 0.6*0.3 = 0.18
Sales = 14342/0.18
Thus, Sales = $79677.78
Corporate earnings in the previous quarter were Ans: Percentage Decrease = (Original Value - Changed Value)/ Original Value
$382,000. However, during the present quarter, earnings = (382000-360000)/382000
decreased to $360,000. Find the rate or percent of the = 0.0576
decrease. = 5.76%
