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MATHEMATICS AND
STATISTICS
TH
EDITION
SOLUTIONS MANUAL
John S. Croucher
Chapter 2
Percentages
Quick Quiz
1. (c)
2. (d)
3. (a)
4. (d)
5. (d)
6. (a)
7. (c)
8. (a)
9. (b)
10. (b)
Practice Questions
1. 74.8%
2. $3846.15
3. 17.5%
4. Land tax payable = $100 + 0.016($ 875 000 $ 396 000) = $7764
5. $325
6. $1200.60
7. $504.90
8. 20%
9. $ 47.80
10. Income tax payable = $17 547 + ($180 000 $115 200) 45% = $46 707
Medicare levy payable = 0.015 $115 200 = $1728
Total personal tax payable = $48 435
Introductory Mathematics and Statistics 6e, John S Croucher, 2013 McGraw-Hill Education (Australia) Pty Ltd
Solutions Manual, Chapter 2
Exercises
1
2.1
(a) 25%
2.2
(a) 41.67%
(b) 37.50%
(c) 75%
2.3
(a) 72%
(b) 50.5%
(c) 82.73%
2.4
(a) 40
2.5
(b) 333
(b) 3
c) 12.5%
(c) 8
(a) 0.7
(b) 0.3072
(c) 0.16
2.6
(a) $625
(b) $3150
(c) $7250
2.7
(a) $650
(b) $2450
(c) $3875
2.8
(a) If total sales prices are less than $20 000, then prefer
Exercise 2.7. If total sales prices are more than $20
000, then prefer Exercise 2.6.
(b) What sales prices you expect to have.
(c) Prefer Exercise 2.7 where commission = $425
(Using Exercise 2.6, commission = $375.)
2.9
(a) 1%
(b) 0.75%
(c) 3.25%
2.10
2.11
2.85%
2.12
2.13
Introductory Mathematics and Statistics 6e, John S Croucher, 2013 McGraw-Hill Education (Australia) Pty Ltd
Solutions Manual, Chapter 2
2.14
2.15
2.16
2.17
2.18
GST = $159.50
11
= $14.50
Price excluding GST = $159.50 $14.50 = $145.00
2.19
2.20
2.21
2.22
2.23
(a)
Movie type
Comedy
Horror
Drama
Family
Other
Total
Percentage
34.00
13.33
24.00
15.33
13.33
100
Movie type
Comedy
Males
31.00
(b)
Females
37.43
Introductory Mathematics and Statistics 6e, John S Croucher, 2013 McGraw-Hill Education (Australia) Pty Ltd
Solutions Manual, Chapter 2
Horror
Drama
Family
Other
Total
2.24
8.64
23.43
21.14
9.36
100
(a)
(b)
2.25
17.44
24.50
10.25
16.81
100
State/Territory
Percentage
32.24
24.86
20.27
7.31
10.43
2.25
1.02
1.62
% increase
(Males)
1.24
0.92
0.61
2.91
% increase
(Females)
0.88
0.58
0.46
1.73
(c) The rate of growth in the life-expectancy will slow down, although still increasing.
Note also that the last year interval has a 25-year gap from the previous one.
2.26
2.27
2.28
$675
Introductory Mathematics and Statistics 6e, John S Croucher, 2013 McGraw-Hill Education (Australia) Pty Ltd
Solutions Manual, Chapter 2
2.29
2.30
2.31
(a) 0
(b) (25410 18200) 19% = $1369.90
(c) 3572 + (125 600 80 000) 37% = $29 620
2.32
(a) 0
(b) $3572 + ($57 520 $37 000) 32.5% = $10 241
(c) $17 547 + ($87 540 $80 000) 37% = $20 336.80
2.33
2.34
2.35
2.36
2.37
2.38
Introductory Mathematics and Statistics 6e, John S Croucher, 2013 McGraw-Hill Education (Australia) Pty Ltd
Solutions Manual, Chapter 2
2.40
2.41
2.42
2.43
Introductory Mathematics and Statistics 6e, John S Croucher, 2013 McGraw-Hill Education (Australia) Pty Ltd
Solutions Manual, Chapter 2
2.44
2.45
2.46
2.47
2.48
$1128.96 = $1200
0.96 0.98
$2352 = $2500
0.96 0.98
Yes, the percentage discount is the same for any retail price.
It can be found by calculating: 100 [1 (0.96 0.98)] = 5.92%
2.50
Sales value ($)
5000
8000
10 000
(i)
350
350
350
(iii)
300
360
400
280
400
480
Best choice
2.51
The best choice for $9 000 is (iii) which earns $440 per week.
Choice (i) earns only $350 per week.
Over 52 weeks, the extra earnings would have been 52 $90 = $4680.
2.52
(i)
(iii)
(iii)
Introductory Mathematics and Statistics 6e, John S Croucher, 2013 McGraw-Hill Education (Australia) Pty Ltd
Solutions Manual, Chapter 2
2.54
2.55
2.58
2.59
(a) $0.50
(b) $6.16
(c) $46.75
2.60
2.61
Introductory Mathematics and Statistics 6e, John S Croucher, 2013 McGraw-Hill Education (Australia) Pty Ltd
Solutions Manual, Chapter 2
2.62
2.63
2.64
2.65
2.66
2.67
2.68
2.69
2.70
2.71
2.72
(a) As the value is less than the threshold of $396 000, no land tax is payable.
(b) The value of $653 000 is ($653 000 $396 000)
= $257 000 above the threshold.
Land tax payable = $100 + ($257 000 0.016) = $4212
(c) The value of $950 000 is ($950 000 $396 000)
= $554 000 above the threshold.
Land tax payable = $100 + ($554 000 x 0.016) = $8964
Introductory Mathematics and Statistics 6e, John S Croucher, 2013 McGraw-Hill Education (Australia) Pty Ltd
Solutions Manual, Chapter 2
10
2.73
2.74
2.75
2.76
2.77
$131.25 = $3500
3.75%
2.78
2.79
$175
2.80
$107.50
2.81
$5.31
2.82
$4.50
2.83
$422.40
2.84
Introductory Mathematics and Statistics 6e, John S Croucher, 2013 McGraw-Hill Education (Australia) Pty Ltd
Solutions Manual, Chapter 2
11
2.85
2.86
The value of $758 000 is ($758 000 $396 000) = $362 000 above the threshold.
Land tax payable = $100 + ($362 000 0.016) = $5892
2.87
2.88
2.89
2.90
Introductory Mathematics and Statistics 6e, John S Croucher, 2013 McGraw-Hill Education (Australia) Pty Ltd
Solutions Manual, Chapter 2
12