International Business

Unit 2: The International Trade Environment

Math Practice

1.
Jose Martinez wants to purchase a lawn mower that regularly sells for $399.99. This week, the lawn mower is on sale for 20 percent off. How much is the sale price?
A)$319.99
B)$379.99
C)$479.99
D)$719.99
2.
Joseph Bettino purchased an 11.5-ounce box of cereal for $2.99. What is the unit price of the cereal?
A)$0.026 per ounce
B)$0.26 per ounce
C)$0.385 per ounce
D)$3.85 per ounce
3.
Sophie Housmann of New York wanted a specific car that her dealer could only find abroad. So the dealer had to import the car from Germany. The car cost U.S. $4,500, but the dealer had to add an import tax of 5 percent to deliver the car. How much import tax will be added to the purchase price?
A)$2.25
B)$22.50
C)$225.00
D)$2,250.00
4.
Greg Forrester's charge account statement showed a previous balance of $152.35, a finance charge of $1.78, new purchases of $45.23 and $15.67, a payment of $50.00, and a credit of $12.84. What is the new balance?
A)$152.19
B)$152.51
C)$227.87
D)$277.87
5.
A country has a Gross Domestic Product (GDP) of $983,500,000 and a population of 407,000. What is the per capita GDP?
A)$2,416.46
B)$4,070.83
C)$9,835.30
D)$20,325.68
6.
A country has an inflation rate of 2.4 percent and a GDP of $985 million. What is the real GDP?
A)981.52 billion
B)981.52 million
C)$961.35 million
D)961.35 billion
7.
David Benjamin leased a car for use in his international marketing survey business. He pays $329 a month for 48 months. His deposit was $3,500. He paid a $105 title fee and a $78 license fee. What is his total lease cost?
A)$15,792.00
B)$15,975.00
C)$19,292.00
D)$19,475.00
8.
A bookstore in England received an invoice from an American publisher dated May 10 for a shipment of books. The terms on the invoice read "2/10, net 30." What is the last day the discount can be taken?
A)May 2
B)May 12
C)May 20
D)May 30
9.
You visit Canada with $250 in U.S. currency. The current exchange rate converting U.S. dollars to Canadian dollars is 1.13. How many Canadian dollars do you have?
A)CAN$ 282.5
B)CAN$ 113
C)CAN$ 251.13
D)CAN$ 25
10.
You decide to take a job in Belgium where your salary will be 50,000 euros per year. If the exchange rate is $1.25 to each euro, how much in U.S. dollars will you be earning per year?
A)$48,750.00
B)$12,500.00
C)$51,250.00
D)$62,500.00
Glencoe Online Learning CenterBusiness Administration HomeProduct InfoSite MapContact Us

The McGraw-Hill CompaniesGlencoe

Please read our Terms of Use and Privacy Policy before you explore our Web site. To report a technical problem with this Web site, please contact the Web Producer.