8. If $1 in U.S. Dollars is equivalent to 0.1276 Chinese yuan, convert $12,000 to yuan. The U.S. dollars, $12,000, is equivalent to ____ Yuan?

1. A company sold garden hoses at a reduced price of $5.66 and took an end-of-season markdown of $12.29. What was the original selling price of each hose? Use the formula M= S - N, where M is the markdown, S is the original selling price, and N is the reduced price.

The original selling price of each hose is $_____?

2. A company purchased 10,000 pairs of men's slacks for $18.86 per pair and marked them up $21.93. What was the selling price of each pair of slacks? Use the formula S =C+ M.

The selling price of each pairs of slacks is $_____?

3. A store had 896 swimsuits that were marked to sell at $44.95. Each suit was marked down $15.90. Find the reduced price using the formula M= S - N, where M is the markdown, S is the original selling price, and N is the reduced price.

The reduced price is $_____?

4. Elaine purchased a new copy machine and financed it for one year. The installment price was $3863.50 and the cash price was $3590. Find the amount of finance charge using the formula Finance charge = Installment price - Cash price.

The amount of finance charge is $____?

5. Ron borrowed $40,000 to start up his consulting business. The loan had a simple interest rate of 6.8% for 2 years. Use the formula I= prt to find the amount of interest he will pay on the loan. I= interest, p= principal, r= rate (expressed as a decimal 0.068), t= time in years.

He will pay $_____ the loan?