Tagged Questions
1
vote
2answers
75 views
Profit and Loss calculation: Fake currency
A store buys an item for $50.
They price it then, at $80 ($30 profit margin).
A customer ...
7
votes
2answers
128 views
Significant digits
We use currency conversion rates for financial calculations. Our currency conversion table stores conversion rates to and from each currency (about 150 world currencies) for each day, going back 20 ...
0
votes
1answer
115 views
How to handle the following percentage scenarios?
I have the following scenarios, but I am unclear on how to handle them correctly. I start off with a value like 200 and the following scenarios are:
Remove 10% from 200, and then remove a compound ...
0
votes
4answers
129 views
What is the difference between the 2 ways to remove percentages?
Given the value $690$, I want to remove $10$% from that and then remove another $20$% from the resulting value, so as an example, I am doing:
$690 \over {(1 + 0.1 + 0.2})$ = $690 \over {1.3}$ = ...
0
votes
1answer
248 views
Figuring a loan payoff amount
I have a loan for a principal amount of \$117,000.00 at 9.75% interest and a total amount due (including the interest for 84 months) of \$191,805.60. I had 84 months to pay it off, or I could pay it ...
1
vote
1answer
1k views
Effective Annual Rate Calculation: Tricky periods and payout frequencies
For calculating the Effective Annual Rate (EAR) from various stated interest rates, I'm using the formula:
$$EAR= \left(1+\frac{r}{p}\right)^{pt}-1$$
where,
$p$ = no. of payouts in a period,
$t$ = ...
1
vote
2answers
7k views
Calculate gross salary when knowing the net salary and tax brackets
Assume the annually gross salary is $100,000.
Tax brackets:
0 - 50K - 10% = 5K in taxes
50K - 70K - 20% = 4K in taxes
70K - $90K - 30% = 6K in taxes
90K and up - 40% = 4K in taxes
The income tax ...
1
vote
1answer
165 views
Determining tax percentage
I'm working a problem, attempting to find a income tax rate that will change depending on the gross paycheck amount. Some data points:
$800 gross = 11% taxed
$1500 gross = 16% taxed
$2000 gross = ...
0
votes
1answer
114 views
I am not getting correct currency converstion
Please can someone kindly aid me with correct solution. The question ask:
If EUR 100 were used to purchase British Pounds in Year 1, what would be their approximate value if they were kept for a ...
0
votes
1answer
60 views
Have I correctly used currency conversion
Please can you help me with this question? I think I have the right answer but I want to make sure.
The question asks: JPY 1,000 in Year 1 is worth how many US dollars in Year 1?
Assume
Value ...
1
vote
2answers
113 views
how seconds per year does the average worker work?
Approximately how many seconds per year does the average 18 – 21 year women factory worker work?
Choices are...
A] 2,526
B] 80208
C] 5700
D] 3,443
E] 3958
assuming Accident per person per year is ...
1
vote
1answer
269 views
not getting the right proportion
I got this answer wrong. I thought it was 55% but it seems the answer is different. Please can you have a look at this and tell me where have I gone wrong and it should be. Thanks in advance.
Q) ...
0
votes
0answers
244 views
best revenue to Costs ratio
Would you say for best revenue to costs ratio would be D as cost is 0.4. Thanks in advance for your help.
A) 109 (Sales Revenue) : 141 (Cost) = 0.77
B) 533 (Sales Revenue) : 307.92 (Cost) = 1.73
...
0
votes
1answer
36 views
Do I need to calculate the payments of revenue earned as well, for present value?
A service bureau is considering renting a computer for $24$ months at $\$15,000$ per month. The first $11$ months will be required to test software for the particular application to be offered by ...
2
votes
6answers
286 views
How to solve this problem without the assistance of a calculator in under 3 minutes?
I have 3 minutes to solve questions like these:
Someone invested $\$2,000$ in a fund with an interest rate of $1\%$ a month for $24$ months. Consider it to be compounded interest. What will be the ...
