SUMMATIVE TEST IN BUSINESS MATH

1. Which of the following is the equivalent of 20%

a. 0.020 b. 20/10 c. 200/1000 d. 2/100
2. Which of the following is the equivalent of 1/5 in decimals?
a. 5 b. 0.25 c. 0.025 d. 0.20
3. How much will I pay for an item with original price of 2500 with 15% discount?
a. 2,500 b. 375 c. 2,125 d. 2, 375
4. Amulung recorder 34 recovered among 178 cases in Covid 19, how many percent recovered from
the disease?
a. 29% b. 19% c. 9% d. 34
1
5. What is the equivalent of 5 ?
4
a. 0.0525 b. 5.025 c. 20/4 d. all of the above
FOR NUMBERS 6 – 10
Identify the given real-life scenario if states the concept of Fraction, Decimal or Percent
6. Grocery bill
7. Rate of recovery from covid 19
8. Weight of purchase goods purchased in the market
9. Discount of student’s fare
10. Gasoline reading
FOR NUMBERS 11 -15
Find the missing proportion
x 8
11. = a. 4
5 10
6 x
12. = b. 48
8 64
4 90 2
13. = c.
4 x 60 3
7 16 60
14. = d.
15 4 x 7
1 5
15. = e. 10
2 x
f. 5
16. Which of the following is the equation for mark-up?
a. MARK-UP = SELLING PRICE – COST PRICE
b. MARK-UP = SELLING PRICE + COST PRICE
c. MARK-UP = SELLING PRICE ÷ COST PRICE
d. MARK-UP = SELLING PRICE x COST PRICE
17. Which of the following is the equation for mark-on?
a. MARK-ON = PEAK SELLING PRICE + REGULAR SELLING PRICE
b. MARK-ON = PEAK SELLING PRICE – REGULAR SELLING PRICE
c. MARK-ON = PEAK SELLING PRICE x REGULAR SELLING PRICE
d. MARK-ON = PEAK SELLING PRICE ÷ REGULAR SELLING PRICE
18. Which of the following is the equation for mark-down?
a. MARK-DOWN = SELLING PRICE ÷ SALE PRICE
b. MARK-DOWN = SELLING PRICE x SALE PRICE
c. MARK-DOWN = SELLING PRICE – SALE PRICE
d. MARK-DOWN = SELLING PRICE + SALE PRICE
19. Martin bought a pair of shoes at PhP2,000.00. He saw that the original price was P3,100. How much
is the mark-down price?
a. 1,100 b. 2, 000 c. 3,100 d. 35%
20. Moira buys a notebook with a cost of PhP45. The rate of mark-up based on cost is 25%. Find the
selling price?
a. 180 b. 11.25 c. 135 d. none of the above
FOR NUMBERS 21 – 25, FINDING THE MARGIN AND MARK-UP PERCENTAGE

21. The cost of an item is P72 and it has a retail price of P89. What is the margin?
a. 27 b. 161 c. 37.5% d. 30%
22. What is the mark-up percentage in item no. 21?
a. 27 b. 161 c. 37.5% d. 30%
23. Ben bought a laptop that costs P25,000. He decided to sell it to his friend Ren since he needs it for
their online class with the price of P20,000. What is the margin?
a. 5000 b. 500 c. 20% d. 25%
24. What is the mark-up percentage for item number 23?
a. 5000 b. 500 c. 20% d. 25%
25. what is the equation used in finding the mark-up percentage?
a. Mark-Up Percentage = Margin ÷ Selling Price
 selling price−cost of goods
b. Mark-Up Percentage =
selling price
c. both a and b are correct
d. none of the above