QUESTION: 137

An employee of a chocolate factory earns $7.20 an hour. She is paid time and a half for overtime beyond a 40- hour week.
How much will she earn in a week in which she works 43 hours?

$295.20
$320.40
$432.00
$464.40

Answer(s): B

Explanation:

For the regular 40 hours, the worker earns $7.20 × 40 = $288.00. If the regular wage is $7.20 per hour, then overtime paid at time and a half is $7.20 × 1.5 = $10.80. The three hours of overtime earn the worker a total of $32.40. Add the regular time wages to the overtime wages:
$288.00 + $32.40 = $320.40 total pay

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QUESTION: 138

A man died suddenly from a heart attack brought on by too much work and not enough exercise. Upon his death, his life insurance policies paid $750,000 to his wife and three children. The policies were set up to pay the wife and children in the ratio of 5:1:1:1.
How much did the three children receive altogether?

$150,000
$200,000
$468,750
$281,250

Answer(s): D

Explanation:

Start by letting* equal one share of the insurance money. According to the ratio, the wife received five shares (5x) and the children received one share (.v) a piece for a total of eight shares. Divide the total amount by the total number of shares.
$750,000 ÷ 8 = $93,750 per share
Now multiply the amount of each share by the total number of shares received by the children.
$93,750 × 3 = $281,250

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QUESTION: 139

B Company ("Bulldogs"), 3rd Battalion, 144th Infantry, is authorized a total of 131 soldiers. However, Bulldog Company only has 125 total soldiers and officers assigned. Of those assigned, four percent are officers.
How many enlisted soldiers are assigned to the company?

114
123
120
121

Answer(s): C

Explanation:

If four percent of the assigned strength of the unit are officers, then the percent of enlisted men is 100% - 4% = 96%
To find the number of enlisted men, multiply the total number assigned by 96% or 0.96.
125 total soldiers × 0.96 = 120 enlisted soldiers

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QUESTION: 140

A technology reseller purchasing agent procured 20 mid-brand DVD players for the listed wholesale price of $80 each, but receives a 25% discount because he is an established customer and friend of the wholesale dealer. His store then sells these DVD players at a 20% markup above the original wholesale price.
What is the store's profit margin on each DVD player?

$16
$72
$20
$36

Answer(s): D

Explanation:

The first step in solving this problem is to find the discount received from the wholesale dealer for cadi DVD player by multiplying the listed price by the discount percentage:
$80 × 0.25 = $20
Next, find the actual price per DVD player paid to the wholesale dealer:
$80 - $20 = $60
Now find the retail margin by multiplying the markup percentage by the original wholesale price:
$80 × 0.20 = $16
Next, find the retail price for which the technology store sells the DVD players to its customers by adding the markup amount to the listed wholesale amount:
$80 + $16 = $96
To find the profit margin, subtract the retail price from the actual price paid to the wholesale dealer.
$96 - $60 = $36 profit per DVD player

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QUESTION: 137

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QUESTION: 138

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QUESTION: 139

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QUESTION: 140

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