Colegio de San Pascual Baylon

Obando, Bulacan

BUSINESS MATHEMATICS
FINAL EXAMINATION

GENERAL INSTRUCTION: Read carefully the following questions. Choose the letter of the BEST answer. On
your answer sheet, shade the letter of your choice.

1. Which of the following is NOT TRUE about fractions?

a. Fractions are part of a whole number.
b. Fractions can be changed into decimals.
c. Fractions are irrational numbers.
d. The denominator cannot be equal to zero.

2. When the numerator is not greater than the denominator, such fraction is called __________.
a. Proper fraction c. Mixed number
b. Improper fraction d. Whole number

3. Arrange the following fractions from least to greatest: 1/4, 6/10, 5/8, and 1/2.
a. 1/4, 6/10, 5/8, 1/2 c. 5/8, 1/2, 1/4, 6/10
b. 1/4, 1/2, 6/10, 5/8 d. 1/4, 5/8, 6/10, 1/2

4. Which of the following fractions has the least value?

a. 2/3 c. 3/7
b. 4/5 d. 5/8

5. Solve: 2/3 + 3/4 – 1/6

a. 1 1/4 c. -1/4
b. 1 7/12 d. 1/12

6. Solve: 2 1/5 + 3 1/4

a. 5 9/20 c. 5 5/9
b. 5 2/9 d. 5 3/20

7. What is the 1/2 of 1/3 of 1/4?

a. 1/12 c. 1/9
b. 1/24 d. 4/5

8. What is the result if the 2/3 of 12 is divided by 3/4?

a. 4 c. 2
b. 3 d. 1

9. Which of the following is NOT equal to 60/18?

a. 10/3 ̅̅̅̅%
c. 33.33
b. 3 1/3 d. 0.33

10. Given 143.7925, what digit is at the ten thousandths place?

a. 3 c. 5
b. 1 d. 2

11. When expressed as a fraction, which of the following is equivalent to 0.363636….?

a. 36/100 c. 7/19
b. 7/20 d. 4/11

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 12. The recipe for a dip calls for 2 2/3 cups of mayonnaise, 1 1/2 cups of cheese, and 2 ¼ cups of lemon
juice. Together, how many cups of the dip is made?
a. 5 5/11 c. 5 ½
b. 6 5/12 d. 6 5/11

13. A box measures 12 ¼ inches tall. If 5 boxes were stacked on top of each other, how tall is the stack
of boxes?
a. 61 ¼ inches c. 60 ¼ inches
b. 60 inches d. 61 inches

14. A piece of metal wire, 12 meters long, has to be divided into small wires 2 2/3 meters long. How
many pieces of small wires will there be?
a. 4 c. 6
b. 5 d. 8

15. What percent of 150 is 60?

a. 20% c. 60%
b. 40% d. 80%

16. Which of the following is the largest?

a. 6% of 22 c. 13% of 13
b. 10% of 15 d. 8% of 20

17. Assuming that an employee works for 8 hours every day, how much is an employee earning per
hour if he receives Php 2,890.00 for a 5 – day work?
a. Php 70.00/hr c. Php 72.25/hr
b. Php 65.75/hr d. Php 578.00/hr

18. A car can travel 1,500 kilometers in 30 hours. What is the speed of the car?
a. 50 kph c. 60 kph
b. 40 kph d. 30 kph

19. What value of N satisfies the proportion N : 12 = 30 : 24 ?

a. 60 c. 15
b. 36 d. 18

20. Solve for the proportion 36 : 45 = N : 15

a. 18 c. 12
b. 108 d. 102

21. What value of x satisfies the given proportion: (x – 1) : 5 = 7 : (x + 1)

a. 5 c. 7
b. 6 d. 8

22. The HR record shows that 35 applicants passed and 80% failed the interview. How many applicants
took the interview?
a. 175 c. 280
b. 44 d. 700

23. An office has a male to female ratio of 1 : 3. If there are 12 male employees, how many female
employees are there?
a. 12 c. 36
b. 24 d. 48

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 24. A car travels at a speed of 30 kph. How many hours would it take for the car to travel a distance of
180 kilometers?
a. 6 hours c. 4 hours
b. 12 hours d. 9 hours

25. Working alone, Bert can clean the library in 3 hours while Alex can do the same task in 2 hours.
Working together, how long will it take for them to clean the library?
a. 1 hour c. 1 hour 20 minutes
b. 1 hour 12 minutes d. 1 hour 32 minutes

26. A water tank can be filled with water in 4 hours. It takes 6 hours to completely drain the container.
If the water tank is draining while being filled, how many hours will it take for the water tank to
become full of water?
a. 8 hours c. 12 hours
b. 10 hours d. 14 hours

27. Tom, Gerry, and Ken earned Php 3,645.00 which they need to split in the ratio 2 : 3 : 4 respectively.
How much will Ken receive?
a. Php 1,620.00 c. Php 1,215.00
b. Php 810.00 d. Php 3,645.00

28. One million pesos has to be divided among the three children of Don Honorio in the ratio 5 : 6 : 9.
By how much is the largest share greater than the smallest share?
a. Php 450,000.00 c. Php 250,000.00
b. Php 200,000.00 d. Php 300,000.00

29. The amount of Php 6,000.00 has to be divided among three individuals in the ratio 1 : 2 : 3. How
much will the person with the largest share get?
a. Php 1,000.00 c. Php 3,000.00
b. Php 2,000.00 d. Php 6,000.00

30. Which of the following is NOT TRUE about markdown?

a. Markdown can boost sales, especially for slow performing stocks.
b. Markdown reduces the selling price of an item.
c. Markdown adds value to the product.
d. Markdown invites costumers to buy the product.

31. Which of the following is NOT TRUE about margin?

a. Margin guarantees profit particularly for stocks with different price tags.
b. Margin is markup based on sales.
c. Margin is markup based on cost.
d. Margin is often times measured in terms of percent.

32. Tony sells shoes which he imported from Australia for Php 4,500.00 In order to gain profit, the shoes
must be sold with a 35% markup on cost. At what price should Tony sell the shoes?
a. Php 6,075.00 c. Php 5,000.00
b. Php 5,075.00 d. Php 4,535.00

33. In order to avail of cheaper price, Anna prefers bulk buying. Suppose a box of oranges contains 150
pcs and costs Php 1,237.50. What is the selling price per piece of orange if the markup rate based in
cost is 20%?
a. Php 9.00/pc c. Php 8.25/pc
b. Php 9.90/pc d. Php 8.90/pc

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 34. A company has to reduce the number of its employees from 1,250 to 700. What percent of the total
employees was laid off?
a. 44% c. 79%
b. 40% d. 50%

35. The price of chili dramatically rose from Php 250.00/kg to Php 1,250.00/kg. At what rate is the price
of chili increasing?
a. 100% c. 300%
b. 200% d. 400%

36. How much is left if 8% is deducted from Php 1,500.00?

a. Php 1,300.00 c. Php 1,492.00
b. Php 1,380.00 d. Php 1,420.00

37. What is the original price of a stock tagged at Php 200.00 with 20% margin?
a. Php 160.00 c. Php 200.00
b. Php 180.00 d. Php 220.00

38. Which of the following offers the biggest discount?

a. A pair of jeans sold at Php 1,200.00 with 10% discount.
b. A new computer sold at Php 18,500.00 with 5% discount.
c. A laptop for Php 32,000.00 with 3% discount.
d. A hotel accommodation for Php 50,000.00 with 1% discount.

39. A pair of shoes is tagged with a 20% discount. If Kent paid Php 1,500.00, how much is the original
price of the shoes?
a. Php 1,875.00 c. Php 1,520.00
b. Php 1,800.00 d. Php 1,750.00

40. Which of the following discounts is the biggest?

a. A discount of 1/3 of Php 210.00
b. A discount of Php 60.00
c. A discount of 30% of Php 210.00
d. A discount of 1/4 of Php 200.00

41. Cora gave the cashier Php 1,000.00 as payment for a bag tagged at Php 1,200.00 with 30% discount.
How much change will she get?
a. Php 840.00 c. Php 30.00
b. Php 160.00 d. Php 270.00

42. Arianne, a broker, was able to sell a house worth Php 1.5 million at 8 ½% commission. How much
commission will she receive?
a. Php 120,000.00 c. Php 127,500.00
b. Php 132,500.00 d. Php 130,000.00

43. Siony gets 2% commission for every smartphone unit she sells. If a unit costs Php 12,000.00, how
many units must Siony sell to receive a commission of Php 1,440.00?
a. 4 c. 6
b. 5 d. 7

44. Kevin received a commission of Php 150,000.00 after selling a condominium unit worth Php 1.2
million. What percent of the total price is Kevin’s commission?
a. 10% c. 12.5%
b. 11.5% d. 15%

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 45. Bennet was born on 23 September 1978. How old was he on 23 June 2010?
a. 32 years c. 32 years and 3 months
b. 31 years and 9 months d. 31 years

46. Exactly how many days are there from 01 January 2016 to 30 June 2016?
a. 180 days c. 179 days
b. 181 days d. 182 days

47. Which of the following is NOT a leap year?

a. 2000 c. 2036
b. 2180 d. 2054

48. Which of the following interest rates is NOT equal to 12% pa?
a. 3% per quarter c. 6% semi – annually
b. 1% per month d. 4% semi – monthly

49. Which of the following is NOT TRUE about simple and compound interests?
a. Compound interests accumulate more overtime than simple interest.
b. Compound and simple interests are the same.
c. The formula for simple interest is I = Prt
d. Interest is compounded on a regular interval for compound interest.

50. Which of the following shows the correct computation of interest earn by Php 5,000.00 at 2.5%
interest in 3 years?
a. 5,000(0.0025)(3) c. 5,000(0.025)(3)
b. 5,000(2.5)(3) d. 5,000(0.0025)(36)

51. How much interest will a loan of Php 2,000.00 earn in 2 years at 5% interest per month?
a. Php 2,400.00 c. Php 200.00
b. Php 2,000.00 d. Php 4,400.00

52. Sam borrowed Php 12,000.00 from a friend a promised to pay the amount within 3 months together
with a 10% interest per month. How much will Sam have to pay at the end of the agreement?
a. Php 15,600.00 c. Php 13,600.00
b. Php 36,000.00 d. Php 13,200.00

53. Shane took the banks offer of a loan amounting to Php 50,000.00 bearing 12% interest compounded
annually. If the loan is payable within 3 years, which of the following shows the correct formula for
computing the future value of the loan?
a. 50,000(1 + 0.12)3 c. 50,000(1 + 12)3
b. 50,000(0.12)(3) d. 50,000(12)(3)

54. In a period of 2 years, how much will Php 10,000.00 be at 2% interest compounded quarterly?
a. Php 10,800.50 c. Php 10,470.70
b. Php 10,407.07 d. Php 10,850.00

55. Which of the following rates will give the highest interest?
a. 2% compounded annually
b. 2% compounded semi – annually
c. 2% compounded quarterly
d. 2% compounded monthly

56. Which of the following is NOT a requirement in opening a bank account?

a. Valid ID c. Electric bill
b. Well signed application form d. ID picture

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 57. Which of the following is NOT TRUE about time deposits?
a. Time deposit earns higher interest rates than regular savings deposit
b. Time deposit requires time to earn interest.
c. The prevailing market interest rate for time deposit as of 2018 is 7.2%
d. Time deposit can be withdrawn from the bank at any time.

58. As of September 2018, what is the interest rate of Banco de Oro for Regular Peso Savings Deposit?
a. 0.325% c. 0.375%
b. 0.350% d. 0.300%

59. Calculate the weekly payment for a loan of Php 10,000.00 at 10% interest per month payable in 2
months.
a. Php 1,000.00 c. Php 1,500.00
b. Php 1,250.00 d. Php 1,750.00

60. A loan of Php 20,000.00 bears 40% pa. interest payable in 6 months. How much is the monthly
payment?
a. Php 4,000.00 c. Php 5,000.00
b. Php 3,000.00 d. Php 6,000.00

61. A loan of Php 100,000.00 ballooned to Php 220,000.00 after one year. What is the interest rate per
month applied in this loan?
a. 10% c. 30%
b. 20% d. 120%

62. Which of the following refers to the process of making regular payments over a long period of time
in order to pay the principal of a loan and its interest?
a. Mortgage c. Salary
b. Amortization d. Taxation

63. The Total Contract Price (TCP) of a house is Php. 1.50 million. Mr. Cruz paid a reservation fee of Php
100,000.00 and an initial down payment of Php 200,000.00. If the house can be amortized at 12%
interest for a period of 25 years, how much is the monthly payment due of Mr. Cruz?
a. Php 10,000.00 c. Php 15,000.00
b. Php 12,000.00 d. Php 16,000.00

64. Which of the following is NOT CORRECT?

a. Banko Sentral ng Pilipinas = monitors all other banks in the Philippines
b. PAGIBIG Fund = provides housing loans for Filipinos
c. Social Security System = Social benefits, loans, and insurance for Filipinos
d. GSIS = monitors salary and wages in a particular are.

65. Particularly in the Province of Bulacan, around how much is the required minimum wage for an
employee or worker who renders 8 hours of work per day?
a. Less than Php 200.00
b. Between Php 200.00 – Php 300.00
c. Between Php 300.00 – Php 400.00
d. More than Php 400.00

66. For the month of September, the gross pay of Mr. Pineda is Php 20,054.00. His SSS contribution of
Php 2,000.00 and PhilHealth contribution of Php 1,200.00 has to be deducted from his salary. How
much is the net pay of Mr. Pineda?
a. Php 15,854.00 c. Php 16,744.00
b. Php 16,854.00 d. Php 17,774.00

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 67. Mr. Santos, a part time instructor in a university, earns Php 175.50/hour. If he has rendered a total
of 85 hours for the month of September, how much is his net pay after a deduction of Php 1,500.00
for his contributions?
a. Php 14,917.50 c. Php 12,917.50
b. Php 13,417.50 d. Php 11,417.50

68. According to TRAIN Law, what is the minimum taxable income exempted from paying income tax?
a. Php 250,000.00 c. Php 500,000.00
b. Php 150,000.00 d. Php 350,000.00

69. According to TRAIN Law, income which falls on the first bracket (Php 250,001 – Php 400,000.00)
will be subjected to what rate of income tax?
a. 20% of the excess over Php 250,000.00
b. 25% of the excess over Php 250,000.00
c. 30% of the excess over Php 250,000.00
d. 35% of the excess over Php 250.000.00

70. What kind of tax is added on the price of products or services sold in the market?
a. Income Tax c. Value Added Tax
b. Business Tax d. Community Tax

71. As of 2018, what is the rate of VAT in the Philippines?

a. 10% c. 14%
b. 12% d. 20%

72. Which of the following methods of data presentation is the best to use when showing the trend or
pattern of a particular variable?
a. Bar graph c. Pie graph
b. Line graph d. Table

73. Which of the following is ALWAYS expressed in terms of percent?

a. Line graph c. Pie graph
b. Bar graph d. Pictograph

74. It is a type of data presentation requires the use of pictures, data organizers, and other visual aids
that can help the audience to easily grasp the data or information being presented?
a. Pictograph c. Histogram
b. Infographics d. Bar graph

75. Which of the following measures of central tendency is the best to use if the concern is to determine
the shoe size most demanded by costumers?
a. Mean c. Mode
b. Median d. Range

76. Which of the following is NOT TRUE about measures of central tendency?
a. Mode is always present in any given data.
b. Mean is also called as the average.
c. Median is the middle – most value in a given data.
d. Mean and Median can sometime be equal.

77. In a particular set of data, what type of mode is present if three or more items have the most
frequency?
a. Unimodal c. Trimodal
b. Bimodal d. Multimodal

78. Find the mean of this set of data: 90, 92, 95, and 96.
a. 93.25 c. 94.25
b. 93.00 d. 94.00

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 79. The scores of Joana is three exams are as follows: 85, 87, and 89. If she is aiming for an average of
90, what must be her score on the fourth exam?
a. 99 c. 93
b. 95 d. 96

80. Three students are 160 cm tall and two students are 165 cm tall. What is the average height of the
five students?
a. 161 cm c. 163 cm
b. 162 cm d. 164 cm

81. Find the median of this set of data: 90, 92, 92, 93, 94, 95, 96, 96, 97, and 98.
a. 94 c. 95
b. 94.50 d. 95.50

82. If there are 20 samples in a given set of data, what is the location of the median?
a. 10th score c. Average of 11th and 12th score
b. Average of 10 and 11 score
th th d. 11th score

83. Find the mode of this set of data: 90, 92, 92, 93, 94, 95, 96, 96, 97, and 98.
a. 92 c. 96
b. 94 d. 92 and 96

84. Find the mode of this set of data: 12, 12, 12, 13, 13, 14, 15, 16, 16, 16, 17, 18, 19, 16, and 20.
a. 12 c. 16
b. 13 d. 12 and 16

85. Which of the following measures of dispersion is the quickest and easiest to determine?
a. Range c. Variance
b. Standard Deviation d. Mean Absolute Deviation

86. When is the sample variance and sample standard deviation used?
a. If the data represents only a small part of the entire population.
b. If the data is obtained from all of the concerned respondents.
c. If the amount of data is large.
d. If the data represents the entire population.

87. Given two groups, Group A and Group B, such that the means of Group A and B are equal, and their
standard deviations are 2.52 and 4.57 respectively, which of the following conclusions may be
derived?
a. The scores in Group A are more scattered than in Group B.
b. Group A and Group B are equal and have the same level of performance.
c. The scores in Group A are less scattered than in Group B.
d. Group A and Group B cannot be compared.

88. Find the range of this set of data: 90, 92, 92, 93, 94, 95, 96, 96, 97, and 98.
a. 9
b. 8 d. 4
c. 5

89. A set of data has a range of 17. If the lowest score is 34, what is the highest score?
a. 17 c. 51
b. 34 d. 61

90. Find the mean absolute deviation of this set of data: 90, 92, 93, and 95.
a. 1.00 c. 1.50
b. 1.25 d. 1.75

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 91. Which of the following values of mean absolute deviation indicates that the samples are very close
to the sample mean?
a. 1.23 c. 2.56
b. 1.75 d. 3.50

92. Which measure of dispersion is based on the square root of the variance?
a. Range c. Standard deviation
b. Mean absolute deviation d. Mean

93. Which of the following is NOT a measure of central tendency?

a. Mean c. Mode
b. Median d. Variance

94. Find the variance of this set of data: 90, 92, 93, and 95.
a. 12 c. 14
b. 13 d. 15

95. Find the standard deviation of this set of data: 90, 92, 93, and 95.
a. 3.61 c. 2.69
b. 2.61 d. 1.69

96. What computer application is best to use when handling large amounts of data which needs
statistical computation and interpretation?
a. MS Word c. MS PowerPoint
b. MS Excel d. MS Publisher

97. Which of the following syntax is will give the mean of entries encoded from cell A2 to A10?
a. =MEAN(A2:A10) c. =MEAN(A2;10)
b. =AVERAGE(A2:A10) d. =AVERAGE(A2;A10)

98. What MS Excel function must be used to determine the total of all entries from A2 to A10?
a. =SUM(A2:A10) c. =SORT(A2:10)
b. =TOTAL(A2:A10) d. =MEAN(A2:A10)

99. In MS Excel, the columns are labelled using letters. What is the name of the column after Z?
a. A c. AAA
b. AA d. ZA

100. Which of the following functions is used to determine the sample standard deviation?
a. =STDEV.S() c. =VAR.P()
b. =STDEV.P() d. =ST.DEVP()

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