Mathematics for Business and Personal Finance

Chapter 9: Vehicle Transportation

Practice Tests

1
The Jordans are shopping for a new vehicle. They are pricing a 4-door sedan. The base price is listed at $19,500. Factory-installed options total $1,395. The destination charge is $385. What is the sticker price?
A)$17,720.00
B)$19,885.00
C)$20,895.00
D)$21,280.00
2
The Heltons are shopping for a new vehicle. They are pricing a minivan. The base price is listed at $24,900. Factory-installed options total $1,645. The destination charge is $385. What is the sticker price?
A)$26,930.00
B)$28,540.00
C)$30,185.00
D)$45,200.00
3
ALGEBRA Alejandra and Michael Mata are purchasing a new sport utility vehicle with an MSRP of $35,525.00 including delivery, processing, and handling fee. The Driver Convenience Package, which includes mounted radio controls and power seats costs four times the amount of the Appearance Package, which includes body side moldings and chrome inserts. The SUV's total cost is $39,657.63, including 6.75% sales tax. What is the cost of the Driver Convenience Package?
A)$325
B)$350
C)$1,300
D)$1,400
4
Fred and Mary Merrill want to purchase a new car. The car has a base price of $16,700, options totaling $1,950, and a destination charge of $325. They read in a consumer magazine that the dealer's cost for the car is 90% of the base price and 87% of the options price. What should they estimate as the dealer's cost?
A)$15,764.40
B)$15,806.65
C)$16,275.15
D)$17,051.50
5
The SUV sticker showed a base price of $42,376.00, with options totaling $3,850 and a destination charge of $735.00. The dealer's costs are 87.7% of the base price and 90.2% of the options. What is the dealer's cost?
A)$40,636.45
B)$41,371.45
C)$46,226.00
D)$46,961.00
6
ALGEBRA Susana Ruiz checked the Internet to find the dealer's cost of the sedan she wanted to purchase. She found that the dealer's base cost was $22,350 and the dealer's cost for options was $2,178. The dealer would pass the $450 destination charge on to the consumer. If the percent of the dealer's cost is 85% and of dealer's cost of options is 89%, find the car's sticker price.
A)$31,242.60
B)$29,191.31
C)$24,978.00
D)$21,385.92
7
Victoria Davis would like to purchase the Luxury Sedan detailed below which is advertised for $19,000. It has low mileage, a theft recovery system, a CD player, and leather seats. What average retail price should Victoria keep in mind when making an offer for the vehicle?

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A)$19,200
B)$18,375
C)$16,700
D)$15,875
8
Find the average retail price for a 4-year old, V6, four-door sedan with air conditioning, DVD player, front bucket seats, and aluminum wheels. It has 53,256 miles.

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A)$15,705
B)$16,380
C)$16,555
D)$17,230
9
Eileen Dressel is the principal operator of her vehicle. Her driver-rating-factor is 2.20. Her insurance includes 25/100 bodily injury and $50,000 property damage. Her vehicle is in age group A and insurance-rating group 14. She has a $50-deductible comprehensive and $50-deductible collision insurance. What is her annual base premium?

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A)$739.00
B)$775.00
C)$1,625.80
D)$1,705.00
10
Use the tables from problem 9. Martin Castillo uses his SUV mainly for pleasure. He has 100/300 bodily injury and $50,000 property damage coverage. His driver-rating factor is 3.35 and his SUV is classified as C,15. He has $50-deductible comprehensive and $50-deductible collision insurance. What is his annual premium?
A)$822.00
B)$833.00
C)$2,753.70
D)$2,790.50
11
Use the tables from problem 9. Deon Hastings uses his minivan primarily for business. He has 300/300 bodily injury and $100,000 property damage coverage. Because of his business use, his driver rating factor is 3.10. His vehicle is classified as B, 15. He has $50-deductible comprehensive and $50-deductible collision insurance. What is his annual premium?
A)$884.00
B)$896.00
C)$2,627.50
D)$2,777.60
12
Yan Li purchased a used vehicle for $6,500 one year ago. He drove 12,000 miles during the year and kept a record of all his expenses. The variable costs totaled $1,972.50 and the fixed costs totaled $2,476.25. What was the cost per mile for Li to operate his vehicle last year?
A)$0.16
B)$0.20
C)$0.37
D)$2.70
13
Otis Foster purchased a new two-door coupe for $23,690 two years ago. He drove 13,239 miles last year and kept a record of all auto expenses. He estimates the vehicle's present value at $18,320. Determine his cost per mile to operate his vehicle last year.

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A)$0.72
B)$0.68
C)$0.41
D)$0.27
14
ALGEBRA Lourdes Canales estimates that she will drive 14,000 miles during the year and have $2,300 in annual fixed costs. If her goal is to have a cost per mile of $0.28 or less for her compact car, what is the maximum annual variable cost she can have?
A)$4,108
B)$3,920
C)$1,620
D)$644
15
Jennifer Hill leased a car for use in her real estate sales business. She pays $249 a month for 48 months. Her deposit was $2,500. She paid a $95 title fee and a $56 license fee. What was her total lease cost?
A)$9,997
B)$14,603
C)$17,103
D)$21,700
16
David Benjamin leased a car to use in his marketing survey business. He pays $329 per 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
B)$15,975
C)$19,292
D)$19,475
17
ALGEBRA Carmen Nakai is leasing a midsize four-door sports sedan. The $2,200 due at signing includes title and fees. Her monthly lease payment is $179 plus 5% sales tax. The leasing company allows 12,000 miles per year with a $0.25 per mile overage charge. If the total lease cost is $8,966.20, for how many months does the lease last?
A)12
B)18
C)24
D)36
18
Ruth Barr rented a car for 5 days at $59.95 per day with unlimited mileage. She drove 1,156 miles and paid $137.76 for gasoline. What was the total cost per mile to rent the car?
A)$0.22
B)$0.26
C)$0.38
D)$0.41
19
The Hoyts rented a car for one week at $379 with unlimited mileage. They drove 1,562 miles and paid $106.50 for gasoline. What was the total cost per mile to rent the car?
A)$0.31
B)$0.57
C)$1.77
D)$3.22
20
Jason and Kendra Adair rent a compact car for 4 days in Chicago for $33.95 per day with unlimited miles. They also pay a CDW fee of $18.50 per day. The Adairs drive 80 miles each day and pay $38.40 for gasoline. What is the total cost to rent the car?
A)$248.20
B)$192.70
C)$154.30
D)$135.80
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