Class 4 Consumer Arithmetic Problem Solving (Tues. April 27)

1. Irene purchases a refrigerator for $500.00 at a store where the sales tax rate is 6 percent.

a) What is the sales tax?

b) What is the total purchase price?

2. You bought a $320.00 TV, a laptop for $800.00 and a camera for $250.00. VAT is charged at 15%.

a) What’s the total purchase price before VAT?

b) What is the VAT on your purchase?

c) What is the total purchase price?

3. Jim saves 60% of his daily allowance each day. Calculate the amount of money he saved for the month of September given that his daily allowance is $40.00.

4. A television was bought on hire purchase for $5250.00. A deposit was made of $450.00 and the balance was paid in equal monthly payments over a period of 2 years. What was the monthly installment?

5. Lori bought 24 packs of crayons for $38.00. She sold them for $2.50 each. Calculate her profit.

6. Kareem spends 1/4 of his salary on clothes and 3/8 on food. After which he is left with $300.00.

a. What fraction of his salary remains?

b. Calculate his total salary.

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