Republic of the Philippines

Department of Education
MIMAROPA Region
Schools Division of Palawan
Taytay District I
CENTRAL TAYTAY SENIOR HIGH SCHOOL
School ID 342752
Montevista, Poblacion, Taytay, Palawan
SECOND QUARTER EXAMINATION FOR
BUSINESS MATHEMATICS
Name: ______________________
Directions: Read and analyze each question. Select your answer from the given
choices, then write the letter on a space before each number. STRICTLY NO
ERASURES!
1. Which of the following statements talks about mark-up?
a. It is the value or percentage added to the cost of a product to gain a profit.
b. It is the amount taken off from the list price to attract customers.
c. It is given to buyers upon meeting a condition to “up” the sales.
d. It is the price marked on the product by the seller.
2. Kim assigns a 20% mark-up for his inventory for the second half of the year. How
much will be the selling price of his three items that cost ₱235.00 each?
a. ₱705.00 c. ₱846.00
b. ₱141.00 d. ₱564.00
3. If the selling price of a yema cake in a tub is ₱95.00 and its cost is ₱75.00, what is
the mark-up?
a. 33.33% c. 26.32%
b. 21.05% d. 26.67%
4. For the same situation in item #3, what is the margin?
a. 33.33% c. 26.32%
b. 21.05% d. 26.67%
5. Which of the following statements does NOT define or characterize margin?
a. It is the amount added to the cost of an item to gain profit.
b. It can help you determine which items are saleable or not.
c. It is sales minus cost.
d. It shows the profitability of your business about its production activity.
6. A smartphone that costs ₱19,500.00 was sold at ₱24,999.00 by a local cell phone
shop. Determine which of the following statements could NOT be inferred from the
given situation.
a. The mark-up rate is 28.20%. c. A ₱5,499.00 discount was given.
b. The margin rate is 22%. d. The value added is
₱5,499.00.
7. Compute the discount rate for an item bought at a selling price of ₱3,300.00 with
₱5,500.00 as its original price.
a. 45% c. 60%
b. 40% d. 44%
8. Mary bought a pair of shoes at a 43% discount. How much is the amount of the
discount she got if the item's original price is ₱2,900.00?
a. ₱1,650.00 c. ₱1,653.00
b. ₱1,247.00 d. ₱1,250.00
9. How much was the selling price of a portable camping tent that cost ₱5,855.00,
and was sold at a 45% off on the sale price?
a. ₱3,220.25 c. ₱9,075.25
b. ₱8,489.75 d. ₱2,634.75
10. Refer to #9, what is the amount of the discount?
a. ₱585.50 c. ₱3,220.25
b. ₱2,634.75 d. 45%
11. Which of the following statements about the discount series is TRUE?
a. The product's list price is the base for the computation for all the stages of
discounts in the discount series.
b. A discount series has at least three discounts or more.
 c. A single trade discount equivalent rate is identical to a single trade
discount.
d. A buyer can save more in a 50% single trade discount with the same list
price than in a 20/20/10 discount series.
12. How much is the net price of an item that costs ₱10,000.00, with a discount
series of 20/20/5?
a. ₱6,080.00 c. ₱4,500.00
b. ₱5,500.00 d. ₱3,920.00
13. Nick’s total purchase list price amounted to ₱42,000.00 and was given a
10/10/10 discount. How much is the total amount of the discount?
a. ₱30,618.00 c. ₱11,382.00
b. ₱12,600.00 d. ₱29,400.00
14. Anja bought a formal dress that was listed at ₱7,450.00 at 25/10/5 series. What
is the single trade discount equivalent rate of this transaction?
a. 40.00% c. 64.12%
b. 35.88% d. 55.00%
15. Refer to the previous transaction, how much is the total amount of the discount?
a. ₱2,980.00 c. ₱2,673.06
b. ₱4,776.94 d. ₱4,097.50
16. Which of the following refers to the difference between what a merchant invests
into business and what he receives in return?
a. Loss c. Cost
b. Net Sales d. Profit
17. There are cases in which the net sales of goods are less than its cost. What do
you call such a difference?
a. Profit c. Cost
b. Loss d. Net sales
For items 18 – 21:
Tina bought two mobile phones for Php 15,490.00 each. She sold one of the mobile
phones to her friend at Php 13,500.00, while the other one was sold to her neighbor
at Php16, 200.00.
18. How much was the total cost?
a. Php 15,490.00 c. Php 18,990.00
b. Php 29,700.00 d. Php 30,980.00
19. How much was the total selling price?
a. Php 29,700.00 c. Php 30,980.00
b. Php 18,990.00 d. Php 31,690.00
20. What did Tina get?
a. Profit c. Break Even
b. Discount d. Loss
21. How much is Tina’s loss?
a. Php 710.00 c. Php 1,000.00
b. Php 1,990.00 d. Php 1,280.00
22. Kim bought 18 T-shirts for Php 350.00 each. He sold 12 of them at Php 450.00
each, and the remaining T-shirts at Php 300.00 each. How much is the profit?
a. Php 900.00 c. Php 1200.00
b. Php 400.00 d. Php 4,500
23. A mobile phone was sold at Php 4,800.00. Find the cost price of the mobile
phone if the profit is 20%?
a. Php 960.00 c. Php 2,600
b. Php 2400.00 d. Php 3,840
24. Ralph bought a laptop for Php 28,000.00 and spent Php 2,500.00 on its spare.
He later sold it for Php 25,000.00. How much is Ralph’s loss?
a. Php 26,500.00 c. Php 3,000.00
b. Php 5,500.00 d. Php 25,500.00
25. Which of the following statements shows a loss situation?
a. Joy bought a 16GB memory card at Php 600.00 and decided to sell it to her
sister for Php 650.00.
b. Glory bought 50 pieces of facemasks at Php 20.00 each. She sold all of it to
her friend at
Php 500.00.
 c. Ton bought a pen at Php 10.00 each and sold it for Php 12.00.
d. The cost of 10 pieces of face shields is Php 650.00. It was sold for Php
90.00 each.
26. Which of the following statements shows a profit situation?
a. Joy bought a 16GB memory card at Php 600.00 and decided to sell it to her
sister for Php 550.00
b. The cost of 10 pieces of face shields is Php 650.00. It was sold for Php
50.00 each.
c. Glory bought 50 pieces of facemasks at Php 20.00 each. She sold all of it to
her friend at
Php 500.00.
d. Ton bought a pen at Php 10.00 each and sold it for Php 12.00.
For items 27 and 28:
Linda bought 25 bottles of honeybee for Php 2,000.00. She sold 10 bottles for a
total of Php 1,000.00, and the rest at Php 125.00 for each bottle.
27. How much profit did Linda gain?
a. Php 875.00 c. Php 250.00
b. Php 1,875.00 d. Php 2,875.00
28. How much was Linda’s total net price?
a. Php 1,250.00 c. Php 250.00
b. Php 875.00 d. Php 2,875.00
For items 29 and 30:
Efren buys an old motorcycle for Php 16,500.00 and spends Php 1,800.00 on its
repair if he sells the motorcycle for Php 17,500.00.
29.What is his percent loss?
a. 5% b. 4% c. 4.4% d.
2.1%
30. How much did he lose?
a. Php 600.00 b. Php 1,200.00 c. Php 8,000.00
d. Php 1,400.00
31. Which of the following is an example of a variable cost?
a. interest b. ingredients c. insurance d.
lease
32. What type of cost varies depending on the quantity of products being
produced?
a. fixed b. net sales c. total
d. variable
33. Which among the following concepts is usually seen on the top item in an
income statement from which all costs and expenses are subtracted to arrive at net
income?
a. fixed cost b. net sales c. total cost d. variable
cost
34. When do we obtain the break-even point?
a. When the fixed cost is equal to the total cost
b. When the total cost is equal to the variable cost
c. When the variable cost is equal to the fixed cost
d. When the number of units of goods sold covers the all the costs
35. Which of the following is NOT true?
a. The fixed cost does not vary over time.
b. The total cost is the sum of the fixed cost and the variable cost.
c. The total cost is the difference between the fixed cost and the variable
cost.
d. It is necessary for business owners to determine the quantity of the
products to sell in order for them not to obtain loss.
Read the selection for questions 36-40.
Mark rents a stall in the public market for ₱5,000.00 a month. He has a helper who
helps in his business, and he pays him a salary of ₱8,000 a month. He orders fresh
chicken from a supplier that cost him ₱140.00 per kilo. He sells the chicken to his
customers at ₱160.00 per kilo.
36. How will you illustrate the variable cost (VC) when x be the number kilos of
chicken sold?
 a. 𝑉𝐶 = 140𝑥 b. 𝑉𝐶 = 160𝑥 c. 𝑉𝐶 = 5000𝑥
d. 𝑉𝐶 = 8000𝑥
37. How many kilos of chicken does Mark need to sell to break-even?
a. 200 b. 450 c. 650
d. 800
38. Which of the following ordered pairs determines a break-even point?
a. (500, 32000) b. (650, 104000) c. (700, 32000) d.
(750, 104000)
39. How much profit will he earn if he sells 700 kilos of chicken?
a. ₱1,000.00 b. ₱2,000.00 c. ₱3,000.00 d. ₱4,000.00
40. How many kilos of chicken must be sold to earn a profit of ₱192,000.00?
a. 10,050 b. 10,150 c. 10,250 d. 10,300
Read the selection for questions 41-45.
A reseller bought 50 handbags that cost ₱40,000.00. The reseller availed a 10 %
trade discount for this transaction. She plans to sell each handbag at a markup
based on a cost of 40%.
41. What is the original price of each handbag?
a. ₱200.00 b. ₱400.00 c. ₱600.00 d. ₱800.00
42. How much is the trade discount availed for this transaction?
a. ₱2,000.00 b. ₱4,000.00 c. ₱6,000.00 d. ₱8,000.00
43. How much is the cost of each handbag after the trade discount is availed?
a. ₱1800.00 b. ₱360.00 c. ₱540.00 d. ₱720.00
44. What is the mark-up rate based on the selling price?
a. 28.57% b. 36.00% c. 40.00% d. 45.00%
45. If a new model comes out in the market, and the reseller decides to markdown
the price of the handbag by 10%, what is the amount of the markdown?
a. ₱80.00 b. ₱91.50 c. ₱100.08 d. ₱110.08

When I’m working on a problem, I never think about beauty. I think only how to solve the
problem. But when I have finished, if the solution is not beautiful, I know it is wrong.

Sir Jho™