Republic of the Philippines

Department of Education
REGION XI
SCHOOLS DIVISION OF DAVAO ORIENTAL
MAYLAYA INTEGRATED SCHOOL
MAYLAYA, MALIBAGO, CATEEL, DAVAO ORIENTAL

Second Periodical Examination

Business Mathematics

Name: ____________________________________ Grade/Section:___________________

Test 1: Directions: Read each item carefully. Encircle the letter of the correct answer

1. If an employee only receives a percentage of the sales made with no additional compensation
given, what type of commission is he receiving?

A. Down payment
B. Straight commission
C. Graduated commission
D. Salary plus commission
2. If an employee receives a guaranteed base salary amount and earn an undefined amount of
commission based on the amount of sales he makes; what type of commission is he receiving

A. Down payment
B. Straight commission
C. Graduated commission
D. Salary plus commission
3. What type of commission is earned as a percentage of sales that as volume of sales increases, the
amount of commission also increases.

A. Down payment
B. Straight commission
C. Graduated commission
D. Salary plus commission
4. The price of a house for sale is ₱7,500,000. The bank requires 15% down payment. How much
should a buyer pay for the down payment?
A. ₱1,125,000 B. ₱2,500,000 C. ₱5,125,000 D. ₱6,375,000
5. A car is valued at ₱1,800,000 and the required down payment is ₱450,000. How much is the down
payment for the car in percentage form?
A. 10% B. 15% C. 20% D. 25%
6. A salesperson is receiving a commission of 8% on all of his sales. If he was able sell goods
amounting to ₱250,000, how much is his commission?
A. ₱8,000 B. ₱18,000 C. ₱20,000 D. ₱25,000
7. A salesperson is paid in installment basis. Assuming that he was able to sell a total cost of
₱120,000 which will be paid in installments of ₱10,000 monthly with a commission of 3%. How much
will he be earning at the end of one year?
A. ₱300 B. ₱360 C. ₱3,000 D. ₱3,600
8. Robert is a sales engineer receiving a basic monthly compensation of ₱13,500 and 1% commission
on all sales. How much is his gross earnings for the month if he sold ₱124,580?
A. ₱14,745.8 B. ₱14,875.4 C. ₱17,445.8 D. ₱17,475.8
9. A high-end bag was sold at ₱435,000 which will be paid in monthly installments of ₱36,250. If the
salesperson gets a 2% monthly commission, how much commission will he be earning monthly?
A. ₱275 B. ₱525 C. ₱725 D. ₱1,225
10. Irene receives 25% commission on the appliances she sells. If she sells a rice cooker for ₱2,500, a
hair blower for ₱1,900 and a washing machine for ₱23,000, how much does Irene make in
commission?
A. ₱5,860 B. ₱6,580 C. ₱6,850 D. ₱8,650
11. Which is TRUE about graduated commission?
A. A commission based on percentage only.
B. A commission which varies according to how much sales is made.
C. It is b ased on a flat arrangement or as a percentage of the revenue generated by
a salesperson.
D. It is a commission in which a salesperson gets his basic salary and a percentage of
whatever sales he makes.
12. Which of the following is INCORRECT about straight commission?
A. Commission based on percentage only.
B. It is also called as revenue commission.
C. It is a form of payment to an agent for services rendered.
D. This is very profitable if you are selling high-ticket items.
13. Which situation illustrates a salary plus commission?
A. A person who receives only salary.
B. A person who receives only commissions.
C. A person who gets paid a salary and a % of sales.
D. A person who paid percentage (%) changes based on how much he/she sells.
14. Shin Hye is a car sales agent. She is paid commission only at the rate of 2.5%. For the current
month, she sold two cars totaling ₱1 875 000.00. What will be her commission?
A. ₱18,630.00 B. ₱20,450.00 C. 40,875.00 D. ₱46,875.00
15. Carmela is a sales agent for the High Ace Realty. She is paid based on commission only. She is
given a 2% commission on her sales. For the current month, her sales were ₱1 035 000.00. What is
her commissions?
A.₱15,455.00 B. ₱20,700.00 C. ₱29,700.00 D. ₱30,155.00
16. Which is TRUE about salary?
A. It is the remuneration given an employee in exchange of his or her services.
B. It refer to earnings received by worker on a piece rate, hourly rate, or daily rate.
C. The benefits of employees paid on monthly or annual basis.
D. These include vacation and sick leaves, medical and hospitalization benefits, meal
and transportation allowance.
17. Which of the following sentences BEST describes wage?
A. The earnings received by workers on a piece rate, hourly rate, or daily rate.
B. Workers are paid in proportion quantity of work he or she finishes.
C. The excess payment over the regular rate.
D. The employee is paid for the overtime work an addition compensation equivalent to
his regular wage.
18. What is the total amount earned by an employee before deductions are made?
A. Benefits B. Gross Income C. Net Income D. Wage
19. Tammy is paid on a per-piece basis at the rate of ₱1.20 per piece. If she finishes 360 pieces a
week, how much is her total earnings?
A. ₱432.00 B. ₱435.00 C. ₱525.00 D. ₱532.00
20. Jov receives a basic pay of ₱8 500.00 a month and a 1% commission on her sales. She sold ₱65
000.00 for the month. Her deductions are: 4% for SSS based on her basic monthly pay; ₱100.00 for
PhilHealth, 2%; and 10% Withholding Tax based on gross earnings. What is her net pay?
A. ₱1,090.00 B. ₱3,455.00 C. ₱5,513.00 D. ₱7,612.0

Test 2: Enumeration:

21-23. Give at least 3 taxable benefits and give a brief description in each of the benefits.

21. ________________________________________________________________________

________________________________________________________________________

22. ________________________________________________________________________

________________________________________________________________________

23. ________________________________________________________________________

________________________________________________________________________

24-30. Give at least 7 non-taxable benefits and give a brief description in each of the benefits.

24. ________________________________________________________________________

________________________________________________________________________

25. ________________________________________________________________________

________________________________________________________________________

26. ________________________________________________________________________

________________________________________________________________________

27. ________________________________________________________________________

________________________________________________________________________

28. ________________________________________________________________________

________________________________________________________________________

29. ________________________________________________________________________

________________________________________________________________________

30.________________________________________________________________________

________________________________________________________________________

Test 3: A. FILL IN THE BLANKS. Complete the table by solving for the overtime pay.

Regular Overtime Ordinary Rest day Rest Day Regular Rest Day
Rate per Hours Day and Special falls on Holiday falls on
day Day Special Day Regular
Holiday
1. ₱284.00 3 hours
 2. ₱145.50 4 hours
3. ₱360.25 1 hour
4. ₱500.00 2 hours
5. ₱290.75 3 hours

Test 4: Direction: Use the table below to answer the questions.

CONTINENT LAND AREA (SQ.KM) NO. of COUNTRIES POPULATION (2020)

ASIA 44,579,000 44 4,641,054,775
EUROPE 9,938,000 47 747,636,026
NORTH AMERICA 24,256,000 23 592,072,212
AUSTRALIA 7,687,000 14 42,677,813
ANTARTICA 13,209,000 0 0
AFRICA 30,065,000 54 1,340,598,147
SOUTH AMERICA 17,819,000 12 430,759,766
1. Which continent has the largest area?

2. Which continent has the smallest area?

3. Which continent has the greatest number of countries?

4. Which continent has the biggest population?

5. Which continent has the smallest population?

Test 5: Directions: Fill in the needed information for the following activity. This activity requires the
use of three fundamental operations namely addition, subtraction, and multiplication. (5 points)

SCENARIO: Assume that you are a regular employee and your basic monthly salary is ₱20,754.00.
Compute your monthly net earnings if you have the following deductions:

GSIS contribution (9% of your basic salary)

Pag- Ibig Fund contributions (100.00)

PhilHealth (₱285.37)

Fill in the blanks.

Basic Salary: ₱20,754.00

DEDUCTIONS:

GSIS contribution _____________

Pag-Ibig Fund ________________

PhilHealth ___________________ __________

NET PAY: __________