MATHEMATICAL APPLICATIONS-
BASIC OPERATIONS AND BANKING
EXAM STUDY GUIDE EXAM
QUESTIONS & VERIFIED CORRECT
ANSWERS
Solve the following equation for x: 1,000(x - 2) = 75,000
a. 7
b. 7,700
c. 770
d. 77 - Correct Answer ✔✔ d. 77
Convert 14⅛ to an improper fraction.
a. ¹¹²⁄₈
b. ¹⁰⁄₈
c. ¹⁵⁄₈
d. ¹¹³⁄₈ - Correct Answer ✔✔ d. ¹¹³⁄₈
Mick and Mack went to a supermarket and bought boxes of soap detergent. Mack could
buy only four boxes, which was ⅕ as much as Mick bought. How many boxes did Mick
buy?
a. 40
b. 60
c. 100
d. 20 - Correct Answer ✔✔ d. 20
, Rene Rodrigues vacationed in Mexico and spent 9,200 pesos. What would this be in
U.S. dollars? (Round to the nearest cent. Use the Currency Conversion chart in the
textbook.)
a. $515.20
b. $576.80
c. $164,285.72
d. $164,218.00 - Correct Answer ✔✔ a. $515.20
Staples sold 638 laptops during the month of May for a total, including tax, of
$296,963.48, what was the average cost to the consumer?
a. $465.00
b. $465.46
c. $470.00
d. $464.99 - Correct Answer ✔✔ b. $465.46
If P + 77 = 101, then P equals
a. 22
b. 42
c. 24
d. 178 - Correct Answer ✔✔ c. 24
Runyon Company sells T-shirts ($5) and shorts ($6). If the total sales were $1,040 and
people bought 4 times as many T-shirts as shorts, what was the total number of T-shirts
and shorts sold?
a. 160, 40
b. 180, 60
c. 140, 40
d. 120, 60 - Correct Answer ✔✔ a. 160, 40
In the reconciliation process, the unrecorded bank service charge is
BASIC OPERATIONS AND BANKING
EXAM STUDY GUIDE EXAM
QUESTIONS & VERIFIED CORRECT
ANSWERS
Solve the following equation for x: 1,000(x - 2) = 75,000
a. 7
b. 7,700
c. 770
d. 77 - Correct Answer ✔✔ d. 77
Convert 14⅛ to an improper fraction.
a. ¹¹²⁄₈
b. ¹⁰⁄₈
c. ¹⁵⁄₈
d. ¹¹³⁄₈ - Correct Answer ✔✔ d. ¹¹³⁄₈
Mick and Mack went to a supermarket and bought boxes of soap detergent. Mack could
buy only four boxes, which was ⅕ as much as Mick bought. How many boxes did Mick
buy?
a. 40
b. 60
c. 100
d. 20 - Correct Answer ✔✔ d. 20
, Rene Rodrigues vacationed in Mexico and spent 9,200 pesos. What would this be in
U.S. dollars? (Round to the nearest cent. Use the Currency Conversion chart in the
textbook.)
a. $515.20
b. $576.80
c. $164,285.72
d. $164,218.00 - Correct Answer ✔✔ a. $515.20
Staples sold 638 laptops during the month of May for a total, including tax, of
$296,963.48, what was the average cost to the consumer?
a. $465.00
b. $465.46
c. $470.00
d. $464.99 - Correct Answer ✔✔ b. $465.46
If P + 77 = 101, then P equals
a. 22
b. 42
c. 24
d. 178 - Correct Answer ✔✔ c. 24
Runyon Company sells T-shirts ($5) and shorts ($6). If the total sales were $1,040 and
people bought 4 times as many T-shirts as shorts, what was the total number of T-shirts
and shorts sold?
a. 160, 40
b. 180, 60
c. 140, 40
d. 120, 60 - Correct Answer ✔✔ a. 160, 40
In the reconciliation process, the unrecorded bank service charge is
