Future Business Leaders of America (FBLA) Business Calculations Practice Test

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Dive into the FBLA Business Calculations Test. Sharpen your analytical skills with multiple-choice questions and gain insights with detailed explanations. Excel in your exams!

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Bill received a 15% rebate for his purchase of a $1,500 TV. How much is the rebate?

A. $625
B. $1,275
C. $1,725
D. $225

The correct answer is: D. $225

To determine the amount of the rebate Bill received for his purchase of the TV, you need to calculate 15% of the total purchase price, which is $1,500. First, convert the percentage into decimal form: 15% is equivalent to 0.15. Next, multiply the decimal by the total price of the TV: \[ Rebate = 0.15 \times 1,500 \] Calculating this gives: \[ Rebate = 0.15 \times 1,500 = 225 \] Therefore, the rebate amount is $225. This reflects the accurate calculation of 15% of the $1,500 purchase price, confirming that the answer provided aligns with the calculated rebate. Understanding how to convert percentages into decimals and performing simple multiplication is essential in business calculations, especially in scenarios involving discounts and rebates.