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Lesson 7 See pages107 - 108

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

1.

From \$5 to \$10
 a. 50% increase c. 150% decrease b. 100% increase d. 100% decrease

2.

From \$10 to \$5
 a. 50% decrease c. 150% increase b. 100% decrease d. 50% increase

3.

From \$40 to \$50
 a. 50% decrease c. 150% decrease b. 100% increase d. 25% increase

4.

From \$50 to \$40
 a. 50% increase c. 20% decrease b. 100% increase d. 100% decrease

5.

From \$25 to \$35.50
 a. 60% increase c. 100% decrease b. 42% increase d. 42% decrease

6.

If the price of a jar of honey is reduced from \$4 to \$3, by what percent is the price reduced?
 a. 50% c. 25% b. 20% d. 75%

7.

The Compuchip Corporation laid off 20% of its 5,000 employees last month. How many employees were not laid off?
 a. 4000 c. 80% b. 1000 d. 20%

8.

A certain credit card company charges % interest per month on the unpaid balance. If Marie has an unpaid balance of \$300, how much interest will she be charged for one month?
 a. \$304.50 c. \$1.50 b. \$45.00 d. \$4.50

9.

Arturo bought \$500 worth of stocks on Monday. On Thursday, he sold his stocks for \$600. Excluding commissions, what percent does his profit represent of his original investment?
 a. 50% c. 25% b. 20% d. 75%

10.

Annie started the day with \$150 in her pocketbook. She spent 9% of it to buy breakfast, 21% to buy lunch, and 30% to buy dinner. If she didn’t spend any other money that day, how much money did she have left at the end of the day?
 a. \$110 c. \$90 b. \$40 d. \$60