MM/255 MM255 MM 255 UNIT 1 SEMINAR OPTION 2

 1.

Question :

Sam needs to maintain an inventory of 3,000 2x4s for his hardware store. In January, he sold 340 2x4s, but received a shipment of 500. In February, he sold 1,900 and in March, he sold 109. When he places an order to his wholesaler, how many 2x4s should he order so that his inventory is at 3,000 pieces?

Student Answer:

 1,849

 2,349

 2,849

 2,850

Question 2.

Question :

Jill called her bank to say she had been charged $20 the month prior for checks to be printed and had never received them. She wanted the bank to refund her money and she would reorder them from another source. If her current balance is $435, choose the correct problem and result after her refund was complete.

Student Answer:

 $435 – (–$20) = $455

 $435 – $20 = $415

 $435 + (–$20) = $415

 $20 +– ($435) = $415

Question 3.

Question :

If Sam’s hardware store maintains 3,000 2x4s; 1,500 2x6s; and 1,000 2x12s, what is the total value of his inventory for these pieces of wood if 2x4s sell for $2.50 each; 2x6s sell for $4.50 each; and the 2x12s sell for $7.00 each?

Student Answer:

 $14,000

 $21,200

 $21,250

 $29,500

Question 4.

Question :

Find the commission due to the salesperson who sold four refrigerators, one dishwasher, and a stove if the total sale was $6,125 and she earns 5% on the total sale.

Student Answer:

 $30.63 (rounded)

 $306.25

 $3,062.50

 $401.50

Question 5.

Question :

During the month, you receive your pay as an automatic deposit in the amount of $1,907.43 and write checks in the amounts of $12.35, $29.00, $50.00, $45.00, and $129.46. During the month, you go to the ATM and withdraw $50.00 one time and $200 another time. You also return a birthday present and $29.07 was credited to your account. How much is left in your checking account if you began the month with $590.00?

Student Answer:

 $2,010.69

 $2,068.83

 $2,086.83

 $2,156.23