Question: 1. Suppose you own stock in National Advertising which had earnings of $2.50 per share last year. If yesterday's closing price was $41.50, what is the price-earnings ratio of the stock? (Round to the nearest whole number)
2. Lakeesha bought 300 shares of stock at $48.25 per share. Her broker charges 3% commissions for round lots and 4% for odd lots. Calculate the total cost of the stock purchase.
3. Jenny buys a dining table costing $695.95. The store charges $45 for delivery. State taxes are 6.5% and local sales taxes are 1.5%. What is the total purchase price?
4. Alex buys a Blu-ray disc costing $14.29. Use the table below to find the sales tax on this item.
|
Amount of Sale
|
Tax
|
|
13.70 - 13.89
|
.69
|
|
13.90 - 14.09
|
.70
|
|
14.10 - 14.29
|
.71
|
|
14.30 - 14.49
|
.72
|
|
14.50 - 14.69
|
.73
|
|
14.70 - 14.89
|
.74
|