# Appendix 2: Exercise Solutions

## Section 2.1

1. 15

2. 10

3. 40

4. 100

5. 55

6. 10

7. $21.70 8.$7,645.52

9. $19,215.37 10. 400 11.$25,967.38

12. $1,345.87 13.$5,978.08

14. $1,056,767.41 15.$2,156,764.06

16. $41,271.46 17.$83,228.60

18. $2,339.07 19.$26,450.25

20. $14,561.43 ## Section 2.2 1a. proper 1b.compound 1c.improper 1d. proper 1e. complex 1f. improper 1g. complex 1h.proper 2a. 3/4=27/36 2b. 2/8=16/64 2c. 2/5=18/45 2d. 5/6=75/90  3a. 3b. 4a. 0.875 4b. 16.25 4c. 2.6 4d. 135.5 5a. 0.875 5b. 16.250 5c. 1.111 5d. 0.469  6a. 6b. 6c. 6d. 7a. 5.95 7b. 15.3125 8a. 1.04 8b. 0.96 8c. 9.64  9a. 9b. 0.5 10.$1,182.14

11. $14,005.26 12.$525,745.68

13. $2,693.13 14.$149,513.74

15. $4,450.29 16.$9,579.23

17. $138,934.38 18.$12,252.25

19. $267,952.30 20.$1,041.58

## Section 2.3

1a. 46.38%

1b. 315.79%

1c. 0.0138%

1d. 1.5%

2a. 37.5%

2b. 53.125%

2c. 350%

2d. 280%

 3a. 3b. 3c. 3d.

4a. 0.153

4b. 0.0003

4c. 1.53987

4d. 0.140005

5. 67.5%

6. $2,500 7.$0.003061

8. 3,862,105

9. $608,600 10. 8.2358% 11. 7,325 12.$147.8 billion

13. $8.50 14. 1.48% 15. 13.0235% 16.$124,722.22

17. $20,000,000 18.$128,000.03

19. share price = $12.36 Money made =$2,360

20. 116. 6̅%

## Section 3.1

1. D$=$411.60; N = $568.40 2.L =$800; D$=$200

3. d = 42.625%; N = $1,133.16; D$ = $841.84 4. d = 26.7904%; L=$500; D$=$133.95

5. $259.97 6.$24.32

7. 31.985%

8. $19.99 9. d = 43.972%; L =$51.76

10. L = $24; N =$13.92

11. d = 62.8%; L = $700; D$ = $439.60 12. d = 26%; N =$303.99; D$=$96

13. $1,026 14. d = 63.14%; N =$29.49

15. $1,194,553.06 16. 2 years 216 days 17. Reduced by 17.4154% 18a. 3% 18b.$2.50

19a. 52.2328%

19b. $3,073.82 20a.$74.99

20b. $60.91 20c. L =$78.74; N = $63.96; D$ = $14.78 ## Section 3.2 1. S=$321.95; SBE =$236.95; M$=$133.53; MoC%=70.8683%; MoS%=41.4754% 2. C=$653.59; SBE =$849.67; M$=$346.41; MoC%=53.0011%; MoS%=34.6413% 3. C=$118.25; S=$301.53; E=$153.13; MoS%=60.7833%; SBE =$271.38 4. M$=$96.25; P=$41.25; C=$178.74; SBE =$223.74

5. C=$744.83; S=$1,284.83; P=$204.83; MoC%=72.5%; MoS%=42.0289% 6. M$=81.60; S=$201.60; E=$51.36; MoS%=40.4762%; SBE =$171.36 7. P=$175; S=$1,447.37; C=$1,172.37; MoC%=23.4568%; SBE =$1,272.37 8. C=$220; S=$287.50; M$=$67.50; MoS%=23.4783%; MoC%=30.6818% 9.$112.50

10. 125%

11. $27,996.79 12.$57.05

13a. $733.03 13b.$219.91

13c. 53.3151%

13d. $698.03 14a.$119.95

14b. $40.85 14c. 51.6435% 14d. 34.0559% 14e. 28.8887% 15.$20.82

16. $102.40 17. 42.8571% 18.$488.09

19a. $40.47 19b.$21.79

19c. $62.26 19d.$14.51

19e. $12.20;$2.31 reduction

20a. $12.65 20b.$17.71

20c. $0.63 20d. MoS% = 28.5714% 20e. C =$15.18; S = $21.25; P =$0.76; MoS% = 28.5647%

## Section 3.3

1. D$=$153.95; Sonsale = $285.90 2. S =$299.95; d = 33.3389%

3. D$=$275; d = 26.1905%

4. Sonsale = $25,525; d = 11.2945% 5. S =$19,701.42; D$=$6,501.47

6. S = $319.42; Sonsale =$281.09

7. Sonsale = $53.99 8. D$ = $45; d = 52.9474% 9. d = 14.9% 10. S =$133.30; D$=$93.31

11. Sonsale = $384.99; S =$699.98

12. d = 36.7893

13a. Ponsale = $2.59 13b. P =$74.55

14. d = 10.9512%

15a. Sonsale = $1,519.05 15b. Ponsale =$303.81

15c. S = $2,025.40 15d. P =$810.16

16. Sonsale = $367.20 17a. Sonsale =$282.91

17b. d = 29.2637%

17c. MoS% = 23.8026%

18. D = 32.4325%

19a. Sonsale = $1,680 19b. MoS% when on sale = 32.8571% 19c. Ponsale =$192.00

20a. Sonsale = $1,614.06 20b. S =$2,152.08

20c. M$=$956.48; MoC% = 80%

## Section 4.1

1. Stax = $682.49 2. Stax =$750.74

3. Stax = $747.49 4. Stax =$727.99

5. S = $796.45; HST Tax Amount =$103.54

6. S = $818.17; GST Tax Amount =$40.91; PST Tax Amount = $40.91 7. January Remit$5,471.40; February Refund $2,202.96 8. Winter Remit$7,171.20; Spring Refund $1,025.25; Summer Remit$9,803.30; Fall Refund $1,191.65 9a.Alberta is best =$1,396.45

9b. Savings = $17.48 10. S =$529.99; GST Tax Amount = $26.50 11. Can’t purchase at Stax =$3,050.94; Down Payment = $45.08 12. Stax =$4,477.30; GST Tax Amount = $199.88; PST Tax Amount =$279.83

13. Q1 Remit $17,865; Q2 Remit$35,370; Q3 Refund $8,105; Q4 Refund$24,210

14. March Remit $951.15; April Refund;$1,257.15; May Remit $2,953.65 15. Higher in Ontario by 1.5274%. 16. Total PST =$13.02; Total GST = $52.46; Total HST =$13

17. Remit $378,227.85 18. PST Rate = 9.505% 19a. S =$352.72

19b. S = $1,682.81 19c. S =$19,465.09

19d. S = $4,736.57 20. Remit$31,331.89

## Section 4.2

1. $133,568.68 2.$96,513.10

3. $46,744.67 4. Balance Remaining =$21,928.01

5. Balance Remaining = $434,964.99 6. Balance Remaining =$7,065.01

7. $13,692.78 8.$232,444.92

9. $204,664.43 10.$35,901.77

11. $12,872.93 12.$23,372.94

13. $2,654.57 14.$5,479.14

15. $4,241.10 16.$24,772.64

17. $40,608.80 18. N =$13,511.24; Late penalty amount = $519.66 19a. Choose Plan #2 19b. Savings =$724.92

20. \$250,214.41

## License

NSCC Math For Bookkeeping Copyright © 2021 by JEAN-PAUL OLIVIER and NSCC is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License, except where otherwise noted.