Call Now to Set Up Tutoring:

(888) 888-0446

Basic Arithmetic : Multiplication and Division with Money

Study concepts, example questions & explanations for Basic Arithmetic

Create An Account

All Basic Arithmetic Resources

6 Diagnostic Tests 75 Practice Tests Question of the Day Flashcards Learn by Concept

Example Questions

Example Question #1 : Multiplication And Division With Money

Leon bought pairs of socks that cost $\$3.21$ per pair, shirts that cost $\$9.89$ each, and a dozen pencils that cost $\$0.45$ for . How much did Leon spend in total?

Possible Answers:

$\$13.55$

$\$36.73$

$\$41.23$

$\$35.30$

Correct answer:

$\$36.73$

Explanation:

First, let's find the cost of the socks Leon bought.

$\text{Socks} = $3.12\times5=\$16.05$

Then find the total cost of the shirts Leon bought.

$\text{Shirts}=9.89\times2=\$19.78$

Next, find the cost of the pencils. Watch out here because the pencils are priced per 6. There are two 6's in a dozen.

$\text{ Pencil} =\frac{12}{6} \times0.45= \$0.90$

Add these subtotals together to get the answer.

$\$16.05 +\$19.78+\$0.90=\$36.73$

Report an Error

Example Question #2 : Multiplication And Division With Money

Molly bought posters and paid a total of $\$144.12$ . What was the cost of each poster?

Possible Answers:

$\$9.89$

$\$11.21$

$\$12.01$

$\$12.41$

Correct answer:

$\$12.01$

Explanation:

To find the cost of each individual poster, divide the total cost by the number of posters Molly bought.

$\$144.12\div12=\$12.01$

Report an Error

Example Question #3 : Multiplication And Division With Money

Please choose the best answer for the question below.

If John has $\$12,378.71$ in his savings account, and he accrues $1.7\%$ % interest on that savings account every year, how much money will John have in his account next year? All answers have been rounded to the nearest cent.

Possible Answers:

$\$12,588.16$

$\$12,689.15$

$\$12,589.15$

$\$12,589.14$

$\$12,589.75$

Correct answer:

$\$12,589.15$

Explanation:

For this problem, first you have to calculate the interest, and then add it to the toal in the bank account.

To calculate interest, convert the percent into a decimal 1.7% = .017, and multiply it by the total amount.

$0.017 \cdot \$12,378.71 = \$210.4380$ is your interest

$\$210.4380 + \$12,378.71 = \$12,589.1480$ is your total

round to the nearest cent and you arrive at $\$12,589.15$ .

Report an Error

Example Question #4 : Multiplication And Division With Money

Please choose the best answer for the question below.

Anne worked at a coffee shop, where she made $\$9.42$ an hour. She left for a job as a receptionist, where she makes 1.7 times more money per hour. How much money will she make working an eight hour day at her new job? The answer has been rounded to the nearest whole cent.

Possible Answers:

$\$118.11$

$\$128.12$

$\$148.11$

$\$128.11$

$\$98.11$

Correct answer:

$\$128.11$

Explanation:

To do this problem, first break it into smaller parts. First, let's find Anne's wage as a receptionist:

$1.7 \cdot 9.42 = 16.014$

Then, take her new hourly wage, $\$16.014$ and multiply it by eight, for eight hours worked:

$16.014 \cdot 8 = \$128.112$

Finally, round to the nearest whole cent, and you get $\$128.11$ .

Report an Error

Example Question #3 : Multiplication And Division With Money

Please choose the best answer for the question below.

Francis has to pay $\$500$ per month in rent, plus $\$150$ for heat and electricity, and $\$200$ for food. Francis works days a month, and he earns $\$80$ per day. How much money does Francis have left over at the end of the month?

Possible Answers:

$\$550$

$\$850$

$\$750$

$\$950$

$\$650$

Correct answer:

$\$750$

Explanation:

Break the problem into two parts. First, add up Francis' expenses:

$\$500 + \$200 + \$150 = \$850$

Then, calculate Francis' income:

$20 \cdot \$80 = \$1600$

Finally, subtract his expenses from his income:

$\$1600 - \$850 = \$750$

Report an Error

Example Question #3 : Multiplication And Division With Money

Susan works 20 hours per week at a rate of $17/hour. How much money (in dollars) will Susan make in a month?

Possible Answers:

$\$980$

$\$1360$

$\$1500$

$\$600$

$\$750$

Correct answer:

$\$1360$

Explanation:

$\frac{17 dollars}{hour} \times \frac{20hours}{week} = \frac{340 dollars}{week}$

There are 4 weeks in a month, so:

$\frac{340 dollars}{week} \times {4 weeks} = \frac{1,360 dollars}{week}$

Report an Error

View Arithmetic Tutors

Mohamed
Certified Tutor

Univerte de Tunis-Tunisia, Bachelors, Math. Universite Paris VII-France, Masters, Math.

View Arithmetic Tutors

Tomasz
Certified Tutor

CUNY Queens College, Bachelor in Arts, Mathematics. Kennesaw State University, Master of Science, Applied Statistics.

View Arithmetic Tutors

Irina
Certified Tutor

New York University, Bachelors, Biochemistry.

All Basic Arithmetic Resources

6 Diagnostic Tests 75 Practice Tests Question of the Day Flashcards Learn by Concept

Popular Subjects

GRE Tutors in Los Angeles, ACT Tutors in San Francisco-Bay Area, GMAT Tutors in Seattle, Biology Tutors in Seattle, Calculus Tutors in Philadelphia, Physics Tutors in Washington DC, Algebra Tutors in Philadelphia, Statistics Tutors in Boston, ISEE Tutors in New York City, Physics Tutors in Atlanta

Popular Courses & Classes

GMAT Courses & Classes in Washington DC, ACT Courses & Classes in Houston, LSAT Courses & Classes in New York City, GMAT Courses & Classes in Boston, LSAT Courses & Classes in Houston, GMAT Courses & Classes in Los Angeles, LSAT Courses & Classes in Los Angeles, SSAT Courses & Classes in Phoenix, SSAT Courses & Classes in Los Angeles, SAT Courses & Classes in Phoenix

Popular Test Prep

GMAT Test Prep in Los Angeles, SSAT Test Prep in Miami, SSAT Test Prep in Washington DC, SAT Test Prep in San Francisco-Bay Area, ACT Test Prep in Los Angeles, SAT Test Prep in Philadelphia, GRE Test Prep in Dallas Fort Worth, ACT Test Prep in Boston, MCAT Test Prep in Washington DC, ISEE Test Prep in Phoenix

DMCA Complaint

If you believe that content available by means of the Website (as defined in our Terms of Service) infringes one or more of your copyrights, please notify us by providing a written notice (“Infringement Notice”) containing the information described below to the designated agent listed below. If Varsity Tutors takes action in response to an Infringement Notice, it will make a good faith attempt to contact the party that made such content available by means of the most recent email address, if any, provided by such party to Varsity Tutors.

Your Infringement Notice may be forwarded to the party that made the content available or to third parties such as ChillingEffects.org.

Please be advised that you will be liable for damages (including costs and attorneys’ fees) if you materially misrepresent that a product or activity is infringing your copyrights. Thus, if you are not sure content located on or linked-to by the Website infringes your copyright, you should consider first contacting an attorney.

Please follow these steps to file a notice:

You must include the following:

A physical or electronic signature of the copyright owner or a person authorized to act on their behalf; An identification of the copyright claimed to have been infringed; A description of the nature and exact location of the content that you claim to infringe your copyright, in \ sufficient detail to permit Varsity Tutors to find and positively identify that content; for example we require a link to the specific question (not just the name of the question) that contains the content and a description of which specific portion of the question – an image, a link, the text, etc – your complaint refers to; Your name, address, telephone number and email address; and A statement by you: (a) that you believe in good faith that the use of the content that you claim to infringe your copyright is not authorized by law, or by the copyright owner or such owner’s agent; (b) that all of the information contained in your Infringement Notice is accurate, and (c) under penalty of perjury, that you are either the copyright owner or a person authorized to act on their behalf.

Send your complaint to our designated agent at:

Charles Cohn Varsity Tutors LLC
101 S. Hanley Rd, Suite 300
St. Louis, MO 63105

Or fill out the form below:

Do not fill in this field

Contact Information

* Full legal name

Company name

* Phone number

* Email address

Address

* Address1

Address2

* City

* State

* Zipcode

* Country

Complaint Details

* URL of copyrighted work (where your original material is located)

* Please describe the copyrighted work so that it may be easily identified

I am the owner, or an agent authorized to act on behalf of the owner of an exclusive right that is allegedly infringed.

I have a good faith belief that the use of the material in the manner complained of is not authorized by the copyright owner, its agent, or the law.

This notification is accurate.

I acknowledge that there may be adverse legal consequences for making false or bad faith allegations of copyright infringement by using this process.

* Signature (your digital signature is legally binding)

HIGH SCHOOL

GRADUATE SCHOOL

K-8

Search 50+ Tests

math tutoring

science tutoring

foreign languages

elementary tutoring

other

Search 350+ Subjects

Basic Arithmetic : Multiplication and Division with Money

Study concepts, example questions & explanations for Basic Arithmetic

All Basic Arithmetic Resources

Example Questions

Example Question #1 : Multiplication And Division With Money

Example Question #2 : Multiplication And Division With Money

Example Question #3 : Multiplication And Division With Money

Example Question #4 : Multiplication And Division With Money

Example Question #3 : Multiplication And Division With Money

Example Question #3 : Multiplication And Division With Money

All Basic Arithmetic Resources

Report an issue with this question

DMCA Complaint

Contact Information

Address

Complaint Details

Email address:
Your name:
Feedback: