解:(1)4.2-1.38+5.8-3.62
=4.2+5.8-(1.38+3.62),
=10-5,
=5;
(2)0.125×0.25×32,
=(0.125×8)×(0.25×4),
=1×1,
=1;
(3)
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×4
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+5
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÷1
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+
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,
=
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×4
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+5
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×
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+
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×1,
=
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×(4
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+5
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+1),
=
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×11,
=7;
(4)3.5×1
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+1.25×2

+3.8÷

=3.5×1.25+1.25×2.7+3.8÷0.8,
=(3.5+2.7)×1.25+4.75,
=6.2×1.25+4.75,
=7.75+4.75,
=12.5.
分析:(1)根据题意,可交换-1.38与5.8的位置,把算式改写为:4.2+5.8-(1.38+3.62),然后再按照小数的运算方法进行计算即可;
(2)0.125×0.25×32,首先把32分解为:8×4,然后运用乘法交换律和结合律进行简算.
(3)根据算式的特点,可把算式改写为

×4

+5
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×
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+
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×1,然后再按照乘法分配律进行计算即可;
(4)根据题意,可把算式中的分数转化成小数1

=1.25、2

=2.7、

=0.8,然后再把算式改写为3.5×1.25+1.25×2.7+3.8÷0.8,然后再按照乘法分配律进行计算即可得到答案;
点评:此题主要考查的是简便运算在四则混合运算中的灵活应用.