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Cogito

Consumer Math · Chapter 5 · Lesson 1

Practice Worksheet

Buying a Car

The sticker price is the smallest part.

12 problems · about 22 minutes · TEKS M.M.5.A

NameDate

Figure — use these to answer the problems

Annual cost broken into parts. The purchase price is only one bar among several.
Depreciation2400
Fuel1500
Insurance1200
Maintenance600
Depreciation per year2400
Fuel per year1500
Insurance per year1200
Maintenance per year600
Figure 1

Warm Up

Straightforward practice. Get the method working first.

5 problems

  1. A $25000 car loses 20% in year one. Loss in dollars?

    Answer

  2. Why is negotiating on the monthly payment risky?

    • A longer term lowers the payment while raising the total cost.
    • It always means a higher interest rate.

  3. A $30000 car loses 20% in year one. Loss in dollars?

    Answer

  4. That car is now worth how much, in dollars?

    Answer

  5. Fuel $1800, insurance $1000, maintenance $700. Total in dollars?

    Answer

Build It Up

The same ideas with more to keep track of.

3 problems

  1. $350 a month for 60 months. Total paid in dollars?

    Answer

  2. Total costs $40000 over 5 years. Cost per year in dollars?

    Answer

  3. A $20000 car losing 15% in year one. Loss in dollars?

    Answer

Stretch Yourself

Mixed problems. Work out what kind of question it is before you start.

4 problems

  1. Which belong in the total cost of owning a car?

    • Depreciation
    • Insurance
    • Loan interest
    • The advertised sticker price alone
    • Tick every box that applies.

  2. A $16000 car losing 25% in year one. Loss in dollars?

    Answer

  3. The Drop

    A $24000 car loses 20% in year one. How much value is lost, in dollars?

    Answerdollars

  4. The Running Cost

    Fuel $1500, insurance $1200, maintenance $600. Annual running cost in dollars?

    Answerdollars