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Consumer Math Concepts Quiz

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1. If a shirt costs $25 and is on sale for 20% off, what is the sale price?

$22

Explanation

Subtract 20% of $25 from $25 to get the sale price.

2. If Sarah borrowed $500 at an interest rate of 8% per year, how much interest would she owe after one year?

$40

Explanation

Calculate 8% of $500.

3. If a store offers a 2-for-1 discount, and a pair of jeans costs $30, what is the price for two pairs?

$45

Explanation

Pay for one pair and get the second pair for free.

4. Sally wants to save $1,000 in 6 months. If she saves $200 each month, how much more does she need to save to reach her goal?

$100

Explanation

Subtract what Sally has saved from her goal.

6. Mark bought a laptop for $800 and wants to sell it at a 25% profit. What should be the selling price?

$1000

Explanation

Calculate 25% profit of $800 and add it to the original price.

7. Jane's monthly budget is $1200. If she spends $450 on rent, $300 on groceries, and $150 on utilities, how much is left for other expenses?

$150

Explanation

Subtract total expenses from Jane's monthly budget.

5. If the sales tax rate is 8% and you purchase an item for $75, how much will you pay in total, including tax?

$81.00

Explanation

Add 8% of $75 to $75 for the total cost.

8. If the interest rate on a savings account is 4% annually, how much interest will $1000 earn in two years?

$82

Explanation

Calculate 4% of $1000 for one year and double it.

9. A car depreciates by 15% each year. If the original value is $20,000, what will be its value after two years?

$16,250

Explanation

Calculate 15% depreciation of $20,000 for two years.

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10. If the exchange rate is 1 USD to 1.25 EUR, how much will you get in Euros if you exchange $80?

€64

Explanation

Multiply $80 by the exchange rate.

Consumer Math Concepts Quiz

1. If a shirt costs $25 and is on sale for 20% off, what is the sale price?

2. If Sarah borrowed $500 at an interest rate of 8% per year, how much interest would she owe after one year?

3. If a store offers a 2-for-1 discount, and a pair of jeans costs $30, what is the price for two pairs?

4. Sally wants to save $1,000 in 6 months. If she saves $200 each month, how much more does she need to save to reach her goal?

6. Mark bought a laptop for $800 and wants to sell it at a 25% profit. What should be the selling price?

7. Jane's monthly budget is $1200. If she spends $450 on rent, $300 on groceries, and $150 on utilities, how much is left for other expenses?

5. If the sales tax rate is 8% and you purchase an item for $75, how much will you pay in total, including tax?

8. If the interest rate on a savings account is 4% annually, how much interest will $1000 earn in two years?

9. A car depreciates by 15% each year. If the original value is $20,000, what will be its value after two years?

10. If the exchange rate is 1 USD to 1.25 EUR, how much will you get in Euros if you exchange $80?

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