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

 1.  Select the equivalent expression for the following:
30 % of
$49.95
a.  0.30 ´ $49.95  b.  0.30 ¸ $49.95  c.  30 ´ $49.95   

 2.  Select the equivalent expression for 4.75%.

 3.  In
Ontario, the provincial sales tax (PST) is 8%, and the good and services tax (GST) is 6%.
Calculate the total cost of a laptop computer that is on sale for $1349.99.
a.  $1560.05  b.  $1538.99  c.  $1370.24   

 4.  Calculate the purchase price of a pair of jeans that are on sale for 25% off if the
regular price of the jeans is $39.99. Only the GST is charged on this item.

 5.  T.J.
wants to buy a new computer. One store is selling the computer he wants for 20% off the regular price
of $1259.65. A second store is selling the same computer for 15% off the regular price of
$1098.95. Which store has the better price?
The steps for solving this problem are shown below. One of the steps
may contain an error.
Select the step that contains the error.
a.  Calculate 20% of
$1259.65. This will be the amount T.J. will save on the computer
from
the first store
Calculate 15% of $1098.95 This will be the amount T.J.
will save on the computer from
the second store
 b.  Store 1: 0.20 ´ $1259.65 = $251.93
Store 2:
0.15 ´
$1098.95 = $164.84  c.  Since T.J. will save more money if he buys the computer at
Store 1, the store that is selling the computer at the best price is Store
1.
 d.  There are no errors in the above
steps.   

 6.  How
much money will Kathy earn in interest if she invests $4000 that pays 3.75% simple interest for 4
years?
Select the best expression to begin to solve the
problem.
a.  3.75
´ $4000  b.  0.375 ´ $4000  c.  0.0375
´ $4000   

 7.  In
the problem stated in Question 4, determine how much Kathy’s investment will be worth after 4
years.
a.  $600  b.  $6000  c.  $4150  d.  $4600   

 8.  Sam’s Furniture store is having a “NO GST” sale, where any purchase
will only be charged the PST of 8%. How much will Pamela pay for the sofa she buys on sale if
the sale price of the sofa is $899.95?
a.  $72.00  c.  $719.96  b.  $971.95  d.  $827.95     

 9.  A
stereo system is on sale for 30% off the regular price of $439.95. Calculate the purchase price
if the taxes are 14%.
a.  $150.47  b.  $264.85  c.  $351.07   

 10.  David
took out a loan to buy his high definition (HD) TV. Once he bought the satellite system, the
total amount of the loan came to $4612.42. For the first six months of the loan there is no
interest charged. Payments are optional for the next 6 months, but interest is charged. For each
month after 6 months, David has to pay 8.5% simple interest on his balance each month. If he
does not make any payments on the loan for 12 months, what will his new total cost be for the
TV?
a.  $392.06  c.  $2352.36  b.  $5004.48  d.  $6964.78     
