Tag the questions with any skills you have. Your dashboard will track each student's mastery of each skill.
Give this quiz to my class
Q 1/40
Score 0
When Cris sold his merchandise, he thought of having an amount to be added to the original cost of the goods. The amount added to the original cost of goods to be sold is called _______.
45
Markdown
Mark-up
Mark-on
Q 2/40
Score 0
Angel re-sells a make-up set at P 2,300. If the mark-up rate is 2.5%, how much is the mark-up?
60
P56
P55.26
P56.10
40 questions
Q.
When Cris sold his merchandise, he thought of having an amount to be added to the original cost of the goods. The amount added to the original cost of goods to be sold is called _______.
1
45 sec
Q.
Angel re-sells a make-up set at P 2,300. If the mark-up rate is 2.5%, how much is the mark-up?
2
60 sec
Q.
A brand new house and lot at a well-known subdivision is priced at P4,500,000 requiring a down payment of 20%. The financing company charges an interest of 12% per annum for a term of 20 years. Compute for its down payment and mortgage loan.
3
120 sec
Q.
A brand new house and lot at a well-known subdivision is priced at P4,500,000 requiring a down payment of 20%. The financing company charges an interest of 12% per annum for a term of 20 years. Compute for its monthly payment.
4
120 sec
Q.
Aling Tinay owns a Sari-Sari Store and is one of the frequent buyers of Chris. Normally, Chris gives lower prices to Aling Tinay compared to other buyers. This is because Chris wants Aling Tinay to sell the goods that she bought at a price that is similar to him. What Aling Tinay receives is a _______?
5
45 sec
Q.
Salesmen, agents, and brokers are generally paid _____ as incentives for increasing a firm’s sales.
6
45 sec
Q.
A man sells goods originally at P26,500 per piece and re-sells this at P20,000. What is the trade discount rate?
7
60 sec
Q.
An _______ is a table or chart showing each monthly payment on an amortizing loan indicating how much of each payment goes to interest and how much goes to principal.
8
45 sec
Q.
Assume that a house and lot priced at P1,000,000 is asking for a 20% down payment and an APR of 6% with a term of 20 years. How much is the down payment?
9
60 sec
Q.
Assume that a house and lot priced at P1,000,000 is asking for a 20% down payment and an APR of 6% with a term of 20 years. What is the remaining balance?
10
60 sec
Q.
Assume that a house and lot priced at P1,000,000 is asking for a 20% down payment and an APR of 6% with a term of 20 years. What is the monthly interest?
11
60 sec
Q.
Assume that a house and lot priced at P1,000,000 is asking for a 20% down payment and an APR of 6% with a term of 20 years. Compute for its monthly payment.
12
120 sec
Q.
A brand new car has a list price of P850,000. The car dealer requires a 20% down payment. The car dealer has an arrangement with a bank to finance the balance on the car. The term of the loan is 5 years. The bank is charging an interest of 6% per annum. Compute for the down payment needed and the balance that will have to be financed by the bank.
13
60 sec
Q.
A brand new car has a list price of P850,000. The car dealer requires a 20% down payment. The car dealer has an arrangement with a bank to finance the balance on the car. The term of the loan is 5 years. The bank is charging an interest of 6% per annum. Compute for the monthly payment.
14
120 sec
Q.
Gerry buys goods at P980 per piece and sells this at P1,500 each. How much is the mark-on rate?
15
60 sec
Q.
Harry sells an electric fan at P4,500. If the mark-on rate is 22.5%, what is the original cost of the electric fan?
16
60 sec
Q.
A man wants to re-sell an item that originally costs P224,000. He plans to have a mark-up rate of 44.5%. How much is the mark-up?
17
60 sec
Q.
The cash price of a dining room set is P1,920. Mildred bought it on an installment basis. She pays 12 monthly installments of P174.40. What is the total amount she paid?
18
60 sec
Q.
Jan is a sales manager receiving a monthly salary of Php 18,000, a commission of 5% on his sales, and a monthly transportation allowance of Php 5,000. He is also given an override of 1% on his men’s sales. For the month of August, Jan sold a total of Php 110,000. His men sold a total of Php380,500. Compute for his gross earnings.
19
120 sec
Q.
________ is when you use your property as collateral for a loan from a financial institution.
20
45 sec
Q.
The _____ is usually a certain percent of the purchase price of the property.
21
45 sec
Q.
Sam sells items at P5,520 and plans to give a discount series of 12%, 7.5%, and 3%. What is the net price of the item?
22
60 sec
Q.
Roger is a sales engineer receiving a basic monthly compensation of P13,500 and commission on all sales of 1%. Compute his gross earnings for the month if his total sales is P124,580.
23
120 sec
Q.
There are times that the products to sell are very saleable. This means that their movement in the market is very fast. Businessmen would want to add more to the selling price of the product. The new price of the product is called?
24
45 sec
Q.
A businessman wants to sell an item that originally costs P64,000. He plans to have a mark-on rate of 35%. By how much will the businessman sell the item?
25
60 sec
Q.
Andy originally bought a laptop at P23,500. He decided to sell this at P20,000. How much is the markdown rate?
26
60 sec
Q.
A 21 cu.ft. refrigerator is priced at P46,795. The seller is willing to give it in installment for a 2-year term at 8% interest per annum for a 15% down payment. Solve for the down payment and monthly payment.
27
60 sec
Q.
Peter is a broker who earns commission of 3.5% on all securities sales that he makes. For the past year, he closed sales totaling Php 928,867. Find the amount of commission he earned for the year.
28
120 sec
Q.
Roger is a sales engineer receiving a basic monthly compensation of Php 13,500 and commission on all sales of 1%. Compute for his gross earnings for the month if he sold Php 124,580.
29
120 sec
Q.
Which among the following is the correct meaning of APR?
30
45 sec
Q.
Mark sells cameras at P20,000. He decided to give a discount series of 15%, 5%, and 3%. What is the total discount and the net price?
31
120 sec
Q.
A _____ is probably the biggest loan one can have. It is usually obtained for a house, a house and lot, or for a machinery or equipment.
32
45 sec
Q.
Violet re-sells a kitchenware at P4,500 per set. If the mark-up rate is 28.5%, what is the original cost of the kitchenware?
33
60 sec
Q.
______ is the process of giving two or more discounts at a given trade.
34
45 sec
Q.
After selling goods for a month, Gerald discovered that there are certain products in his store that are not moving fast. He then decided to sell the product at a lower price. This process is called a _____.
35
45 sec
Q.
Irene sells items with an original cost of P40560 per piece then sells this at P38,500 each. How much is the markdown?
36
60 sec
Q.
A woman sells her phone at P23,500, inclusive of a trade discount rate of 3.5%. What is the original price of the phone?
37
60 sec
Q.
Jan is a sales manager receiving a monthly salary of P17,000, and a commission of 6% on his sales. He is also given an override of 2% on his men’s sales. For the month of August, Jan’s sales has a total of P110,000. His men’s sales has a total of P380,500. Compute for his gross earnings.
38
120 sec
Q.
Marketing and/or product managers are generally paid _____ on the sales of people under them.
39
45 sec
Q.
Tom sells old books at P45. If the markdown rate is 4.5%, what is the original cost of the old book?