These are fractions that express

amounts which are less than a unit.

The formula to compute for the discount is:
The salary of Janice is 3/8 the salary of
Katiana. If Janice earns P25,000.00 a month,
how much is the difference of their salary?
A company’s total sales is P150,000.00. if
the gross profit represents 40%, how much
is the company’s cost of sales?
ABM corporation realized a net profit of
P175,000.00 for 2015. If the tax rate is
35%, how much income tax should the
corporation pay?
 If the tax rate is 7% and the total amount
paid including tax is P3,950.00, how much is
the price before tax?
Angelo, Joan joy and Precious are partners and
agreed to share their profits and losses at a
ratio of 3:5:7. Find the share of Precious if
they earned a net profit of P625,000.00
A sala set which costs P25,000.00 was granted
a discount rate of 4.5%. How much is the
discount?
The series of discount rates for an
item are 12% and 7%. What is the
NIP rate.
Denice borrowed P5,000.00 from Silbeth at
12% per annum. If she pays her debt after
4 months, how much interest did she pay?
What is 2 ¼ in percentage?
What is the mark-up based on cost if the selling
price is P480 and the mark-up is P120?
What is the mark-up based on selling price if
the cost is P600 and the mark-up is P230?
3/5 as large as P245 is what number?
 1. 2/3 as large as 144 is what number?

A company’s cost of sales is P150,000.00. if the

gross profit represents 25%, how much is the
company’s total sales?
 MNHS corporation realized a net
income before tax of P175,000.00 for 2015.
If the net income after tax is P113,750,
what is the tax rate?
 The tax paid for an item selling for
P5,500.00 is P385.00. Find the tax rate.
If the tax rate is 8% and the total amount
paid including tax is P1,674.00, how
much is the price before tax?
If the selling price of an office table is
P2,500.00 and the tax paid is P112.50,
what is the tax rate?
 Find the amount of withholding tax on a
bank interest if a bank has paid a total
interest of P362,550 and the tax rate is 3%
 A motorcycle selling for
P75,000.00 is subject to a 3%
discount. What is the net invoice
price?
 Kathrine lent P30,000.00 at 12% per
annum for 8 months. How much interest
did she earn?