Question

1.

a. Juliet can buy a 2-pound bag of apples for $2.20 or a 5-pound bag for $5.95. What is the unit price of the better deal?

($1.36 , $1.10 , $1.19 , or $1.50)

b. Sven purchases a house valued at $250,000 and has a mortgage of $200,000. Ten years later he decides to sell the house. The market value of the house has increased to $400,000 and his loan debt is down to $150,000. What is Sven’s equity in the house?

($250,000 , $100,000 , $150,000 , or $200,000)

Answer 1