Financial Arithmetic

A freelance illustrator earns a fixed weekly retainer of $\$400$ and receives a $10\%$ commission on any artwork sold in galleries. If the illustrator sells $\$1,500$ worth of artwork during the week, what is their total gross pay for that week?

A manufacturing employee earns a base wage of $\$15.00$ per hour for a standard 40-hour workweek, with time-and-a-half pay for any additional hours worked. In addition to hourly wages, the employee earns a piece-rate bonus for every unit produced that exceeds a weekly quota of 100 units. Last week, the employee worked 48 hours, produced 180 units, and earned a total gross pay of $\$1,060.00$. What is the piece-rate bonus paid for each unit produced over the quota?

An electronics refurbisher buys a lot of $5$ broken laptops for $\$300$. The refurbisher spends an additional $\$150$ on replacement parts and $\$50$ on shipping. If the refurbisher wants to make a $40\%$ profit on the total investment, what must be the average selling price of each laptop?

A homeowner finances a new refrigerator using a $\$1,200$ store credit plan. The plan charges an annual simple interest rate of $5\%$. If the homeowner pays off the balance in exactly $2$ years without any prior payments, what is the total amount of interest paid, in dollars?

A customer deposits $\$3,000$ into a savings account that pays an annual simple interest rate of $6\%$. If no additional deposits or withdrawals are made, how much total interest will the account earn after $2$ years?

A call center representative earns a base salary of $\$400$ per week, plus a $\$5$ bonus for every new customer account they open. If the representative opens $15$ new accounts in one week, what is their total gross pay for that week?

A restaurant manager wants to purchase a commercial refrigerator with a list price of $\$3,200$. Supplier A offers a single discount of $38\%$ off the list price. Supplier B offers a $25\%$ discount off the list price, followed by an additional $15\%$ discount applied to the newly reduced price.

How many dollars does the manager save by choosing the supplier with the lower final price instead of the other supplier?

A commercial diver earns a base rate of $\$45.00$ per hour for the first $40$ hours worked in a week, time-and-a-half for the next $10$ hours (hours $41$ through $50$), and double time for any hours worked beyond $50$ hours. Additionally, the diver receives a $\$125$ hazard bonus for each dive exceeding a depth of $100$ feet. Last week, the diver logged a total of $54$ hours of work and completed $3$ dives that exceeded $100$ feet in depth. Based on this information, calculate the diver's total gross pay for the week.

A furniture store salesperson earns a weekly base salary of $\$500$, plus a $4\%$ commission on all sales. If the salesperson sells $\$3,000$ worth of furniture in a week, what is their total gross pay for that week?

A woodworker is purchasing a bulk supply of lumber with a regular total price of $\$800$. The supplier offers two different discount options for the purchase:

Option 1: A $\$150$ instant rebate on the regular price, followed by a $15\%$ discount on the remaining balance.
Option 2: A $25\%$ discount on the regular price, followed by an additional $5\%$ discount on the reduced price.

What is the positive difference in the final sale price between the two options?

Read the scenario and fill in the missing numerical values for the discount and the sale price.

An individual borrows $\$4,000$ to purchase a used motorcycle. The loan has an annual simple interest rate of $7\%$. If the loan is paid off in exactly $24$ months, how much total interest will the borrower pay?

A marketing consultant earns a weekly base salary of $\$850$. She also earns a $4\%$ commission on any client contracts she secures beyond a weekly quota of $\$5,000$. If she secures $\$18,500$ in contracts this week, what are her total gross earnings?

An electronics salesperson earns a base weekly salary of $\$650$ plus a $6\%$ commission on their total sales. If they sell $\$4,500$ worth of electronics in one week, what is their total gross pay, in dollars, for that week?

A craftsman purchases $60$ wooden boards at $\$3.00$ each to build custom storage chests. He spends an additional $\$40.00$ on hinges and pays a $\$20.00$ delivery fee for the materials. If he builds $10$ chests and sells them all for $\$30.00$ each, what is his profit percentage?

Read the problem carefully and fill in the blanks with the correct numerical values.

A property leasing agent earns a fixed weekly base salary of $\$800$, plus a $5\%$ commission on the total dollar value of all leases signed that week. If the agent signed leases totaling $\$3,000$ last week, what was their total gross pay for the week?

Calculate the unknown value in the following financial scenario.

A car wash attendant earns a base salary of $\$400$ per week, plus a $10\%$ commission on any detailing packages they sell. If the attendant sells $\$800$ worth of detailing packages in one week, what is their total gross pay for that week?

An outdoor gear shop is selling a camping tent with a regular price of $\$180.00$. During a weekend clearance event, the tent is discounted by $15\%$. What is the sale price of the tent?