Name: 
 

Chapter 1: Incomes and budgets



Multiple Choice
Identify the choice that best completes the statement or answers the question.
 

 1. 

Write 87% as a decimal.
A
0.0087
B
0.087
C
0.8
D
0.87
E
8.7
 

 2. 

Write 3mc002-1.jpg as a percentage.
A
316mc002-2.jpg%
B
317mc002-3.jpg%
C
318mc002-4.jpg%
D
319mc002-5.jpg%
E
320mc002-6.jpg%
 

 3. 

What percentage is 18 minutes out of 2 hours?
A
15%
B
18%
C
24%
D
30%
E
36%
 

 4. 

Sunni buys radiators for $45 each and sells them for $85.95. What is the percentage increase in price?
A
42%
B
52%
C
86%
D
91%
E
111%
 

 5. 

Find 4mc005-1.jpg% of $16 800.
A
$734
B
$745
C
$760
D
$756
E
$750
 

 6. 

The population of a town increased by 25% to 3120 over the holiday period. How many new people were living there at that time?
A
624
B
780
C
1040
D
3744
E
3900
 

 7. 

Robert is paid $36.89 per hour for a 38 hour week. How much does he earn in a year?
A
$72 894.64
B
$72 778.72
C
$72 688.97
D
$73 027.04
E
$72 539.49
 

 8. 

Salah earns a salary of $63 140. To the nearest cent, how much does she earn in a week?
A
$1190.04
B
$1210.04
C
$1214.23
D
$1344.21
E
$1401.92
 

 9. 

How much does Joan earn in a week if she works 17 hours at $22.40 per hour and 5 hours overtime at time-and-a-half?
A
$504.70
B
$548.80
C
$562.30
D
$575.56
E
$593.00
 

 10. 

Minh is a second year apprentice. She earns 55% of the normal pay rate, which is $1033.60 for a 38 hour week. In her first week she works for 22 hours. How much money will she earn in that week?
A
$345.40
B
$366.80
C
$387.66
D
$329.12
E
$417.20
 

 11. 

Robert has started a job delivering material to letterboxes. He receives 13 cents for every flyer he places. How much does he earn if he distributes a total of 447 flyers?
A
$27.08
B
$39.53
C
$58.11
D
$77.49
E
$107.11
 

 12. 

Francine sells antiques. She must pay delivery costs of $225 per week and receives 15% commission on the antiques she sells. In one week, she sold $4500 worth of antiques. What was her income for that week?
A
$375
B
$415
C
$450
D
$540
E
$675
 

 13. 

The age and disability pensions per fortnight are as follows.

Single age or disability over 21: $877.10
Age or disabled couple over 21 living together: $661.20 each
Disabled under 18 living at home: $360.60
Disabled 18–20 living at home: $408.70
Disabled couple or independent under 21: $556.70

The income test reduces fortnightly payments by 50 cents for every dollar of income over $164 for singles and over $292 combined for couples.

Bertha is aged aged 70. She is part of a couple and their combined income (separate from the age pension) is $293 per fortnight.

How much pension is she entitled to per fortnight?
A
$0
B
$660.70
C
$661.20
D
$646.40
E
$701.70
 

 14. 

The table below shows Peter’s budget for a week. Fares only apply for the five school days in the week. How much money will Peter have left at the end of the week, if he sticks to his budget?

Income
Expenses
Carried forward
$12.85
Fares ($3.35 per day) 
Pocket money and fare money
$37.50
Ice cream, sweets, etc.
$4.50
Jobs around home
$17.00
Birthday gift
$10.00
  Movies
$11.00
Total
 
Total
 
A
$25.10
B
$38.50
C
$24.60
D
$15.10
E
$41.85
 

 15. 

A school is planning an excursion to a museum.
The school is able to put $100 towards the excursion and the school council puts in a further $250. 207 students are expected to go.
The buses will each hold 60 students and each bus costs $98 to hire. Entrance fees to the museum are $5.00 per student.
How much should each student be charged for the excursion in order to cover the costs that the money from the school and school council does not cover? Charges will be in a whole number of dollars. (You may wish to use the table below.)

Income
Expenses
    
    
    
    
Total
 
Total
 
A
$3.50
B
$4.00
C
$5.00
D
$6.00
E
$4.75
 



 
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