Sample Questions

1. At the end of every month, you pay your employees 15% commission on their total monthly sales. If one of your employees made a total monthly sale of \$6,500 how much commission do you need to pay?

2. Peter's salary is \$70,000. After his performance review he received a 5% pay rise. What is his new salary?

3. If you deposit \$7,500 in a bank savings account that pays a 4.5% rate of interest compounded annually, what will the balance be after the first year?

4. A business turned over \$450,000 in the 2011-2012 financial year. If 65% of that figure are expenses, how much profit did the business make?

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