Republic of the Philippines

Department of Education
REGION III
SCHOOLS DIVISION OF BULACAN
CALAWITAN NATIONAL HIGH SCHOOL ANNEX
(AKLE HIGH SCHOOL

First Summative Test in Business

Mathematics
(2nd Quarter)

Prepared by:

ERICA DG. ANGELES

Teacher II
Directions: Choose the letter of the best answer. Write the chosen letter on a separate sheet of paper. 20. Rosie has a commission of 10% for every cellphone she can sell. She sold a
Php76,000 worth of phone. How much is her salary?
1.What type of commission is when a sales agent is paid a percentage of sales a. Php7,600
only? b. Php7,800
A. Straight Commission c. Php7,900
B. Graduated Commission d. Php8,000
C. Salary Plus Commission
21. Rufo is a sales agent in a company that offers 5% commission with a basic salary of
D. None of the Above
Php15,000. He sold items worth Php24,000. How much will he get?
a. Php1,200
2.What is the product when the principal amount is multiplied by the interest
rate and the number of years? b. Php11,200
c. Php15,000
a. compound interest
d. Php16,200
b. simple interest
c. diminishing interest 22. It is the type of commission that has a basic salary.
d. complicated interest a. Straight
b. Graduated
3.It is a payment based on the percentage of sales of an agent. c. Salary Plus
A. Interest d. None of the Above
B. Gross Pay
23. What is the formula for commission?
C. Rate a. Commission Rate + Total Amount Sale of the Month
D. Commission b. Commission Rate - Total Amount Sale of the Month
c. Commission Rate / Total Amount Sale of the Month
4.What is the amount due and payable to the holder of a financial obligation as of d. Commission Rate x Total Amount Sale of the Month
the maturity date of the obligation?
a. principal amount
b. monthly amortization 24. What is defined as money (or property) given with the promise that it will be paid
back in the future, usually with interest?
c. mortgage
a. deposit
d. maturity value
b. collateral
5.All the following are the types of commission, EXCEPT? c. loan
A. Interest d. promissory note
B. Graduated
25. What is described as professional support to aid customers?
C. Straight a. utilities
D. Salary Plus b. foundation
c. services
6.How many days are used when ordinary interest is applied?
d. product
a. 360
b. 362
c. 364
d. 365
14. Manny has a basic salary of Php23,000 in a company he works, then he can get an 7.This type of commission will encourage the agents to sell more goods.
additional 4.5% on all the sales he can make. Last June, he sold a car worth A. Interest
Php889,000. How much is his commission?
B. Graduated
A. Php39,500
C. Straight
B. Php40,000
D. Salary Plus
C. Php39,900
D. Php40,005 8. In computing for the interest, which among the following variables is NOT included?
a. principal amount
15. Based on the given above, how much will be the total earnings of Manny? b. rate
A. Php63,005 c. paid loan
B. Php61,900 d. time
C. Php62,900
9. What type of commission has a basic salary pay for all its agents?
D. Php61,000
A. Interest
16. What is the process of diminishing the amount or total in regular lesser amounts? B. Graduated
a. mortgage C. Straight
b. deposit D. Salary Plus
c. amortization
10 What is defined as the charge for the privilege of borrowing money?
d. loan
a. interest
b. withdrawal
17. Rosie made an installment sale of Php21,000 monthly for 3 years. The company
promised her of 6.2% commission on this sale. How much will be her monthly c. deposit
commission? d. credit
A. Php1,203
11. Lady Anne works in a commission only company. She sold items worth Php13,000
B. Php1,302
and she will get a 6% commission rate. How much did she earn?
C. Php1,402
A. Php580
D. Php1,503
B. Php680
18. For every item that John sells, he will get a commission of 10%. He sold an item C. Php780
worth Php223,000. How much did he earn? D. Php880
A. Php20,300
12. What is described as a loan, secured by a collateral, that the borrower is obliged to
B. Php21,300
pay at a specific term?
C. Php22,300
a. amortization
D. Php24,300 b. loan
19. You have a minimum salary of Php30,000 a month and a commission of 3%. How c. deposit
much will you get if you sell items worth Php110,000? d. mortgage
a. Php33,300
b. Php33,400 13. What is the transaction involving a transfer of money to another party for
safekeeping?
c. Php33,500
d. Php33,600 a. loan
b. deposit
c. principal amount
d. amortization