Solution Manual For Business Math, 11th Edition by Cheryl Cleaves, Margie Hobbs, Jeffrey Noble

INSTRUCTOR’S
SOLUTIONS MANUAL
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B USINESS M ATH
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ELEVENTH EDITION
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Cheryl Cleaves
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Southwest Tennessee Community College, Emerita
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Margie Hobbs
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Southwest Tennessee Community College, Emerita
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Jeffrey Noble
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Madison College

, Table of Contents

Chapter 1: Review of Whole Numbers and Integers 1

Chapter 2: Review of Fractions 9

Chapter 3: Decimals 19
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Chapter 4: Banking 29
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Chapter 5: Equations 40
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Chapter 6: Percents 51

Chapter 7: Business Statistics 62
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Chapter 8: Trade and Cash Discounts 75
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Chapter 9: Markup and Markdown 84
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Chapter 10: Payroll 99

Chapter 11: Simple Interest and Simple Discount 110
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Chapter 12: Consumer Credit 121
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Chapter 13: Compound Interest, Future Value, and Present Value 130
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Chapter 14: Annuities and Sinking Funds 140

Chapter 15: Building Wealth Through Investments 155
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Chapter 16: Mortgages 164
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Chapter 17: Depreciation 181
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Chapter 18: Inventory 194

Chapter 19: Insurance 206
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Chapter 20: Taxes 215

Chapter 21: Financial Statements 223

, Chapter 1 Review of Whole Numbers and Integers

Section Exercises
1-1, p. 9
1. Twenty-two million, three hundred fifty-six thousand, 2. One hundred six billion, three hundred fifty-seven
twenty-seven million, two hundred ninety-one thousand, five hundred
eighty-two
3. Seven hundred thirty million, five hundred thirty-one 4. Twenty-one million, seventeen
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thousand, nine hundred sixty-eight
5. Five hundred twenty-three billion, eight hundred million, 6. Seven hundred thirteen million, two hundred five
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seven thousand, one hundred ninety thousand, five hundred thirty-eight
7. 14,985 8. 32,943,608
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9. 17,000,803,075 10. 50,612,078
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11. 306,541 12. 300,760,512
13. 8 is in the tens place. 3 is to its right and is less than 5. 14. 7 is in the hundreds place. The digit 6 is on the right and
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Leave 8 and replace 3 with zero; 480. is 5 or more. Add 1 to 7 and replace 6 and 2 with zeros;
3,800.
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15. 9 is in the ten-thousands place and 8 is 5 or greater. So 16. 5 is the first digit. 7 is 5 or greater, so add 1 to 5 and
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increase 9 by 1. Since 9 + 1 = 10, we record 0 and carry replace all digits to its right with zeros; 60,000.
1 to the next place to the left. 2  1  3. Replace digits to
the right of the ten-thousands place with zeros; 300,000.
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17. $4,000,000,000 18. $25,972,800
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19. 6 is in the millions place, 3 on the right is less than 5, so 20. 1 is in the first place. The digit to the right, 5, is 5 or
leave 6 as it is and replace all digits on its right with more, so round up by adding 1 to the 1 in the first place.
zeros; 86,000,000. Replace all digits to the right with zeros; 2,000.
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21. Negative fifteen thousand, three hundred fourteen dollars 22. Negative eight thousand, four hundred twenty dollars
23. Negative eight thousand, six hundred thirty-six dollars 24. Negative twenty-thousand, one hundred fifty-seven
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dollars
25. $520,000,000 26. $1,800,000,000
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1-2, p. 24
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1. 300  600  700  1,600; 1,637 2. 700  1,000  60  1,760; 1,710
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3. 800  1,000  50  1,850; 1,843 4. 6,000  20,000  30,000  56,000; 53,871
5. 89 6. 4 15
7. 2 10
8. 3 10 9. 6
5 5 3 0 8 5, 4 0 9
52
3 6 2 7 5 2, 1 7 6
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19 33 3, 2 3 3

10. 92 11. 8,188 12. 403 13. 21 14. 17
15. 12 16. 4 17. 730 18. 904 19. 1, 005
 60  24  89
43,800 3 616 9 045
18 08 80 40
21,696 89,445




Copyright © 2018 Pearson Education, Inc. Chapter 1 1

, 20. 138 21. 480 22. 5,312 23. $580,412
24. 16 25. 407 26. 260 R4
6 96 34 13,838 17 4, 424
6 13 6 34
36 23 1 02
36 0 1 02
238 4
238 0
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27. −8 28. 7 29. −42 30. $239 31. 4 32. $51 33. 26 34. −217
35. 2,950  50  36. 689,100  30  37. 57,800,000  2,000  38. 5,730,000  300 
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295  5  59 68,910  3  22,970 57,800  2  28,900 57,300  3  19,100
39. Region W Th F S Su Region Totals
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Eastern $72,492 $81,948 $32,307 $24,301 $32,589 $243,637
Southern 81,897 59,421 48,598 61,025 21,897 272,838
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Central 71,708 22,096 23,222 21,507 42,801 181,334
Western 61,723 71,687 52,196 41,737 22,186 249,529
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Daily Sales Total $287,820 $235,152 $156,323 $148,570 $119,473 $947,338
Region Totals  $243,637  $272,838  $181,334  Daily Sales Totals  $287,820  $235,152  $156,323 
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$249,529  $947,338 $148,570  $119,473  $947,338
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Difference  Goal  Actual  $1,384,000  $947,338 Goal was not reached.
 $436,662
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40. Total pounds of candy  84  25  2,100 41. 922 R256 The average selling price of
Number of bags of candy  2,100  3  700 352 324,800 each trailer was nearly $923.
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Number of boxes of candy  700  12  58 R4 316 8
There are 58 boxes of candy and 4 bags left so 59 boxes will 8 00
be needed to ship all the candy. Enough bags and boxes are on 7 04
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hand to package. 960
704
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256

42. Total length of fencing needed  210  4  840 feet 43. Wages  3  $15  21  $945
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Number of rolls of fencing needed  840  50  16 R40 Gross profit  total  cost of materials  cost of labor
Because a partial roll of fencing cannot be purchased,
Gross profit  $1,673  $833  $945  $105
17 rolls are needed.
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Cost of 17 rolls of fencing  $49  17  $833
Cost of installing fence  $1 840  $840
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Total cost  $833  $840  $1,673
Your bid is the lowest bid and you are likely to get the
business.

44. 8832  8  1104 Each vendor supplied 1,104 boxes of 45. 348  12  29 You will need 29 boxes.
cards.

46. 21960  16300  5660 Visitors increased by 5,660. 47. 200000000  500000  199500000
The sales increase is $199,500,000.




2 Chapter 1 Copyright © 2018 Pearson Education, Inc.