Marketing Essentials

Unit 12: Employability and Career Development

Math Workout

1
You are interested in three different jobs, but since you have college loans and other financial obligations to consider, you must take the job that pays better. Job A pays $10.24 an hour for 40 hours a week. Job B pays $11.18 an hour but you can only work up to 36 hours a week. Job C pays more than Job B, but it’s only part time. Which job will you take?
A)Job A
B)Job B
C)Job C
D)Not enough information
2
A woman is deciding whether to take a new job that she thinks she will prefer over her current job. Currently, her net income (after taxes, deductions, and gas) per week is $620.80. The other job pays 15.67 an hour (after taxes and deductions), but it’s 14 miles away. A gallon of gas costs, on average, $2.10, and her car gets 25 miles to the gallon. If she were to work five days a week, eight hours a day at the new job, how much less would she earn per week?
A)$6.00
B)$0.12
C)$11.76
D)$5.76
3
You are trying to decide if deferring work and spending two years getting an MBA is a good long-term investment. You know that the average salary in your field for a person with a bachelor’s degree is $39,000. The average salary for a person with an MBA is $64,000. Graduate school for two years costs $45,000. After 8 years, will you be financially ahead having gotten your MBA?
A)yes
B)no
C)net earnings are the same
D)not enough information
4
During high school you had one internship at a marketing firm and another internship at an investment firm during the summer. You spent 2.5 hours a day, 3 days a week for 32 weeks at the marketing firm and 6 hours a day 5 days a week for 12 weeks at the investment firm. As you prepare your résumé, how many hours total can you say you spent interning in business?
A)240
B)600
C)360
D)120
5
With your parents, you are planning for college for next year. Yearly tuition at the school that you would like to attend will be $9,000 next year. Living expenses will be $8,000 for the year. You have been told that tuition will go up by 5% each year for the four years you will be in college, and your living expenses should stay the same. Your parents have offered to put $50,000 dollars towards college for you, and you will have to take out a loan on the rest. For how much will the loan be?
A)$23,272.13
B)$20,791.13
C)$19,350.00
D)$38,791.13
6
You’re doing a job search on the Internet. You find 200 jobs that follow the specifications you entered. After investigating each job, sending résumés to some of them, and going to interviews at some of them, you are offered jobs at five different companies. What percentage of the jobs found in the initial search did not work out?
A)2.5%
B)5%
C)95%
D)97.5%
7
You decide to buy some new clothes for your interview next week. At a department store, you find a suit that is 45% off the regular price of $139.80, a brief case that is 25% off the regular price of $232.00, shoes that have been marked down from $75.99 to $67.99, and an overcoat that is $20 off the regular price of $358.85. Before sales tax, how much will you save on these items by buying them on sale?
A)$278.89
B)$62.75
C)$148.91
D)$200.68
8
Before you send out your job applications, you need to calculate exactly how much it will cost to send them all. You plan to buy a box of rÈsumÈ paper on which to print your cover letter and your rÈsumÈ, and a box of matching envelopes for $17.99 and $6.99, respectively. You’ll also need stamps, which will cost 37 cents per letter. Finally each job requires a transcript from your high school, for which the school charges a $5 handling fee for each transcript, and you’ll also provide the school with a stamped envelope for each transcript. If you are planning to send out letters to 18 jobs, how much will you spend?
A)$128.30
B)$36.64
C)$121.64
D)$135.29
9
During an interview for a new job, a representative from a company asks you to calculate the expenses you incurred to travel to the interview, because the company will reimburse you. You paid $67 a night for two nights at the hotel, $254 for the flight, $44 a day for two days for the rental car, and about $15, $11, and $8 a day both days for breakfast, lunch, and dinner, respectively. The company adds 3% to the total for miscellaneous items. What will the total be for the reimbursement check?
A)$560.32
B)$707.20
C)$410.97
D)$525.30
10
In the interview, a prospective employer asks you if you would like to have health benefits if you come work for her company. She tells you that you can make either $14.60 an hour with health insurance or a dollar more an hour without. If you do not get health insurance you can continue to use the independent health insurance company you use now, which costs $150 a month. If you work 50 hours a week, and are paid time and a half for every hour over 40, how much more can you make a month without the company health benefits?
A)$50.00
B)$95.00
C)$90.00
D)$70.00
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