Business Mathematics Final Examination
Quiz by Charlene Tabaniera
Grade 11
Business Mathematics
Philippines Curriculum: SHS Specialized Subjects (MELC)
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40 questions
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- Q1When 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 _______.MarkdownMark-upMark-on45s
- Q2Angel re-sells a make-up set at P 2,300. If the mark-up rate is 2.5%, how much is the mark-up?P56P55.26P56.1060s
- Q3A 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.DP=P900,500 : ML=P3,599,500DP=P950,000 : ML=P3,550,000DP=P900,000 : ML=P3,600,000120s
- Q4A 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.P39,639.10P39,639.57P39,639.22120s
- Q5Aling 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 _______?Trade Discount RateTrade DiscountDiscount Series45s
- Q6Salesmen, agents, and brokers are generally paid _____ as incentives for increasing a firm’s sales.CommissionsSalaryOverrides45s
- Q7A man sells goods originally at P26,500 per piece and re-sells this at P20,000. What is the trade discount rate?75.35%75.47%75.56%60s
- Q8An _______ 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.Amortization scheduleMortgageAmortization45s
- Q9Assume 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?P300,000P250,000P200,00060s
- Q10Assume 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?P750,000P800,000P700,00060s
- Q11Assume 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?0.005%0.05%0.5%60s
- Q12Assume 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.P5,731.47P5,731.45P5,731.43120s
- Q13A 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.DP=P160,000 : ML=P690,000DP=P170,000 : ML=P680,000DP=P155,000 : ML=P695,00060s
- Q14A 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.P13,146.58P13,146.22P13,146.31120s
- Q15Gerry buys goods at P980 per piece and sells this at P1,500 each. How much is the mark-on rate?53.06%53.16%53.2%60s