Consumer Responsibilities Answers

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1
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Coach Yip decides to order pizza delivery for the team after a game. The pizza shop is having a promotion where any large pizza costs $12.99. There is a 7.5% sales tax and a $2.50 delivery charge for the order. If Coach Yip orders 4 large pizzas, what amount should she expect the pizza shop to tell her as her total charge?

A
$58.54
B
$58.36
C
$55.86
D
$54.46
2
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Myrtle needs to borrow $200 and is hoping to get a payday loan with an annual percentage rate (APR) of less than 50%. If a company charges her $30 in fees for the loan, what is the minimum loan term needed that would give Myrtle her desired APR?

A
90 days
B
100 days
C
110 days
D
120 days
3

Dynatashia has a list of items she needs to buy at the store. She has written down the items and the advertised prices as shown: Hamburger – $3.99 per pound Hamburger buns – $1.29 2-liter soda – 3 for $2.00 Dynatashia buys 1.5 pounds of hamburger, 1 package of buns and 3 of the 2-liter bottles of soda. Her receipt is shown below.2-ltr soda 2@3/$2$1.34Hambrg 1.5 lb@3.99$5.99Hbuns 1@1.69$1.692-ltr soda 1@3/$2$0.67

A
Yes, Dynatashia's receipt is correct.
B
No, Dynatashia paid too much for soda.
C
No, Dynatashia paid too much for hamburger.
D
No, Dynatashia paid too much for buns.
4

Determine the annual percentage rate (APR) for a tax refund anticipation loan based on the following information. (Round to the nearest percent.)amount of loan = $985total fees paid = $135term of loan = 10 days

A
50%
B
137%
C
266%
D
500%
5

Which answer choice is not one of the top 10 abusive lending practices?

A
credit cards
B
high fees
C
bait & switch
D
balloon loan
6

Susan makes a purchase of $175 and is charged 7.75% for sales tax. What is the total cost of the purchase if Susan charges it on a credit card with a daily interest rate of 0.039% and pays the balance off at the end of 30 days?

A
$176.17
B
$186.70
C
$190.77
D
$200.26
7

Twila decides to purchase several party trays for her holiday party. She sees that a local store has relish trays for $18.95, cheese and cracker trays for $23.99, and cookie trays for $25.49. The store also has a coupon in its flyer for $5 off any purchase of $50 or more on party trays. Twila orders 1 relish, 1 cheese and cracker, and 2 cookie trays. At this store, discount coupons are applied after tax is calculated, so a sales tax of 8% was added to Twila’s purchase, and then coupon amount was deducted. If Twila was charged $96.43, determine if she paid the correct amount.

A
Twila paid the correct amount for her purchase.
B
Twila paid $4.00 too little for her purchase.
C
Twila paid $0.40 too much for her purchase.
D
Twila paid $2.51 too much for her purchase.
8

Based on a $500 loan amount, rank the following companies from the lowest to highest annual percentage rate (APR).CompanyFees ChargedTerm of LoanA$6020 daysB$5012 daysC$7515 daysD$1008 days

A
A, B, C, D
B
B, A, C, D
C
D, B, C, A
D
D, C, B, A
9

Which option below is a preventive measure against ID fraud or theft?

A
Make purchases through the mail only.
B
Never reveal personal information to a stranger.
C
Carry personal information in your wallet or purse.
D
Use the phone to transfer personal information.
10

Mikah buys a new DVD player. After 9 days, he sees the same player on sale at another store for considerably less than what he paid for his. Since he still has the receipt, he decides to return the DVD player, get his money back, and buy it at the cheaper price. When he tries to make the return, he is disappointed to find out that returns on electronics must be made within three days of purchase.Which of the following responsibilities did Mikah most likely not meet?

A
check the receipt
B
know the return policy
C
know the warranty
D
comparison shop

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