NORTH LUZON PHILIPPINES STATE COLLEGE

Adal a dekalidad, dur-as ti panagbiag.

MIDTERM EXAMINATION
IN
MATH 100 – BUSINESS MATHEMATICS

Name: ______________________ Course/Year/Section: ____________

I. Choose the best answer from the given choices.

1. The product of two negative numbers is always ________.

a. Negative
b. Positive
c. Undefined
d. Imaginary

2. If six is subtracted from three times a number, the difference is twice the number.
What is the number?
a. 4
b. 5
c. 6
d. 7

3. It is a comparison by division of two quantities or a way of comparing amounts of the

same kind.
a. Ratio
b. Proportion
c. Rate
d. Percentage

4. It is the statement of equalities of two ratios.

a. Ratio
b. Proportion
c. Rate
d. Percentage

5. It is a proportion wherein as one quantity increases, the other quantity also increases
or as one decreases, the other also decreases.
a. Indirect Proportion
b. Direct Proportion
c. Straight Proportion
d. Inverse Proportion

6. Find x in the proportion 25:6 = 30: x.

a. 7.2
b. 125

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Adal a dekalidad, dur-as ti panagbiag.

c. 124
d. 7.1

7. This value is the representation of how much the rate is in respect to the base.
a. Base
b. Rate
c. Percentage
d. None of the above

8. In the statement 25% of 60 is 15, 25% is the ________.

a. Base
b. Rate
c. Percentage
d. None of the above

9. From number 6, 60 is the ________.

a. Base
b. Rate
c. Percentage
d. None of the above

10. From number 6, 15 is the ________.

a. Base
b. Rate
c. Percentage
d. None of the above

11. If rate is less than _______, base is greater than percentage.

a. 50%
b. 100%
c. 25%
d. 10%

12. It is used to illustrate how much a quantity or an amount has decreased from its
original value.
a. Percent Increase
b. Rate Increase
c. Percent Decrease
d. Rate Decrease

13. 16 is ¾ of what number?

a. 21.33
b. 20.33
c. 13
d. 12

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14. Elsa scored 88% in a 75-item test. How many items did she answered incorrectly?
a. 10
b. 9
c. 8
d. 7

15. It is an additional compensation that's earned based on job performance.

a. Commission
b. Interest
c. Capital
d. Discount

16. . It is the result of reinvesting interest, rather than paying it out, so that interest in the
next period is then earned on the principal sum plus previously accumulated interest.
a. Interest
b. Simple Interest
c. Compound Interest
d. All of the above

17. It is determined by multiplying the daily interest rate by the principal by the number of
days that elapse between payments.
a. Interest
b. Simple Interest
c. Compound Interest
d. All of the above

18. It is an asset or item that is purchased with the hope that it will generate income or
appreciate in value at some point in the future.
a. Capital
b. Shares
c. Property
d. Investment

19. How much is paid after 8 months to a loan of ₱12 000 at 5% interest?
a. ₱17729.46

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b. ₱17729.45
c. ₱17729.47
d. ₱12600

20. Father deposited ₱16 000 compounded every two months at 12% interest. How
much will his money be after 5 years?
a. ₱28,981.79
b. ₱28,981.78
c. ₱28,981.77
d. ₱29,067.15

21. An item now is on sale for Php. 7800 at 25% discount. What is the item’s original
price?
a. ₱10,000
b. ₱10,400
c. ₱10,800
d. ₱9,750

22. From number 19, if the item comes with 12% VAT, how much would it cost without
applying the discount?
a. ₱12,345
b. ₱12,648
c. ₱11,345
d. ₱11,648

23. A gadget launched a month ago costs ₱24,999. Now, its price goes down to
₱19,999. Find the % decrease on its price.
a. 22%
b. 21%
c. 20%
d. 19.98%

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 NORTH LUZON PHILIPPINES STATE COLLEGE
Adal a dekalidad, dur-as ti panagbiag.

24. An agent is earning a commission of 10% on all his sales other than his basic salary
of ₱20,000. How much is his take home pay in a month where his sales amount to
₱175,000?
a. ₱37,500
b. ₱38,500
c. ₱39,500
d. ₱40,000

25. From question 21, as an incentive, he was offered the chance that if he will have a
sale of ₱250,000 or above, he will be given additional 10% of his total sales. How
much will he have if he gets this incentive?
a. ₱50,000
b. ₱60,000
c. ₱70,000
d. ₱80,000

II. Determine if the following statements is TRUE or FALSE.

1. Business mathematics is mathematics that is used by commercial enterprises to

record daily transactions forecast demand and supply as well as other commercial
operations-T
2. In rounding numbers, if the digit to the right of the chosen digit is 5 or greater, the
chosen digit stays the same. - F
3. A number is divisible by 7 if we double the value of the last digit and subtract the
result from the rest of the number. The answer is divisible by 7. -T
4. 0.359021359021359021… is a recurring decimal. – T
5. Any number divided by zero is equal to zero. - F
6. Proper fractions are less than one whole. - T
12 3
7. 15
is greater than 5. – F
112
8. The fraction 133 is in its simplest form. -F

9. BOMDAS refers to Brackets, operation, Multiplication and division, addition and

subtraction. – F

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10. Percentage is always followed with the percent (%) sign.