Department of Education

MIMAROPA Region
Schools Division of Palawan
BATARAZA NATIONAL HIGH SCHOOL
Bataraza, Palawan

Midterm Examination
First Semester S.Y. 2023-2024
BUSINESS MATHEMATICS

Name:____________________________________ Grade & Section:____________________

Choose the letter that corresponds to your answer.

1. Fractions such as 1 ½, 2 1/6, and 3 ¾ are examples of _____.
A. Proper fraction B. mixed numbers C. Improper fractions d. all of the these

2. What type of fraction is less than one whole?

A. Proper fraction B. mixed numbers C. Improper fractions d. all of the these

3. What is 80% of 50?

A.62.50 B. 40 C. 63 D. 90

4. 225 is 90% of what number?

A.203 B. 202.50 C. 150 D. 250

5. Ramon worked in a hardware store for 8 ¼ hours, while Raul worked 8 ¾ hours. How much are the
combined hours did the two of them work?
19 15 3
A. B. C. 17 D. 4
2 2 5

6. Mia mixed red and blue paint in a ratio 3:5. If 6 litters of Red is used, how many liters of blue paint
should she add to obtain the shade she wants?
A. 3.6 B. 90 C. 10 D. 4

7. The ratio of the number of correct answers to incorrect answers on Jean’s math test is 7:3. The
difference between correct and incorrect answers is 20. What was the total number of questions on the
test?
A. 45 B. 50 C. 55 D. 60
For items No 8-9
Ivy sells different types of cloth. She cuts a bolt of clothing 200 yards into a single-pants cut of 1 1/4
yard each.

8. Into how many pieces was the bolt cut?

A. 133 pieces B. 160 pieces C. 143 pieces D. 50 pieces

9. If Ana bought the bolt at ₱90.00 per yard, how much is the total payment she made for it?
A. ₱3,000.00 B. ₱9,000.00 C. ₱18,000.00 D. ₱12,000.00

10. A ________ is a statement of equalities of two ratios.

A. Proportion B. Direct Proportion C. Indirect Proportion D. Inverse Proportion

11. Two quantities of a proportion are said to be directly proportional to each other if:
A. As the first quantity of a proportion increases, the other quantity decreases.
B. As the first quantity of the proportion decreases the second quantity increases.
C. As one quantity increases, the other quantity also increases, or, as one quantity decreases, the
other quantity also decreases.
D. All of the above

12. Ashley, Giang, and Xyra are partners in the Beauty shop business. They agreed to divide their profits in
a ratio of 1:2:3. What kind of proportion is being shown in the problem?
A. Direct Proportion B. Partitive Proportion C. Indirect Proportion D. Inverse Proportion
 13. Aling Delia owns a sari-sari store. She bought 100 kg of sugar from a wholesaler at P34.60 a kilo. She
repacked them in bags of 0.5 kg and sold them at P20.00 each pack. How many packs of 0.5 kg were
there?
A. 100 B. 150 C. 200 D. 250

14. Mike and Maco shared 24 stickers in the ratio 3:5. Maco used 8 of his stickers. What was the ratio of
Mike’s stickers to Maco’s stickers then?
A. 9:15 B. 15:9 C. 9:7 D. 7:9

15. If 3 mangoes can be exchanged with 8 guavas and 3 guavas can be exchanged with 4 oranges. How
many mangoes can be exchanged with 160 oranges?
A. 42 B. 43 C. 44 D. 45

16. Myla sold 144 glasses of lemon juice at a constant rate over 6 hours. If she continues to sell glasses of
juice at the same rate, how many glasses will she sell in the next 45 minutes?
A. 18 B. 20 C. 22 D. 24

17. This refers to the amount added to the original cost to obtain new selling price.
A. mark-on B. mark-up C. mark-down D. both a and b

18. This refers to the amount of reduction in the selling price.

A. mark-on B. mark-up C. mark-down D. margin

19. This refers to the amount of sales minus the cost of goods sold.
A. mark-on B. mark-up C. mark-down D. margin
For items No 20-23
A basket of mango cost ₱820.00. The vendor put a 25% mark-up based on the cost. Few weeks before
the mango season ends, the vender put an additional mark-on of 10% to its selling price.

20. How much is the actual selling price?

A. ₱1,025.00 B. ₱615.00 C. ₱902.00 D. ₱1,127.50

21. How much is the mark-up?

A. ₱82.00 B. ₱615.00 C. ₱205.00 D. ₱225.00

22. How much is the additional mark-on?

A. ₱85.50 B. ₱120.50 C. ₱150.00 D. ₱102.50

23. 15. What is the new selling price after the additional mark-on?
A. ₱1,127.00 B. ₱1,127.50 C. ₱923.00 D. ₱922.50

24. Which of the following describes the cost/cost of goods sold?

A. The sum of expenses and profit
B. It is equal to the amount on top of the profit.
C. The number of expenses to produce/acquire an item for sale
D. It is equal to the selling price of the item.

25. Which of the following BEST describes margin (a.k.a. gross profit/gross margin)?
A. It is equal to sales minus the cost of goods sold.
B. The amount added to the cost of a good determines its selling price.
C. The sum of the sales/selling price and mark-up.
D. The result after deducting sales from the mark-up.

26. This type of discount is given at different conditions and at different times?
A. Conditional discount C. Single trade discount
B. Discount series D. Differential discount
27. Lina is engaged in online business. She usually puts on a 20% mark-up on the items she sells online.
What will be the determining factor of Lina’s selling price from the scenario
described above?
A. The cost price of the product, deducted by 20%.
B. The selling price of her items always depends on the demand of the buyer.
C. The profit is dependent solely on sales.
D. The cost of acquiring/producing the product, then add 20% onto it.

28. Andrei was able to enjoy a 10/10/5 discount from ABC Enterprises after a deal amounting to
₱50,000.00. Compute for the total amount of his discount.
A. ₱25.00 B. ₱26,000.00 C. ₱38,475.00 D. ₱11,525.00

29. A Laptop listed at ₱25,000.00 subject to a series discount of 20/15/10/5. How much is the net price of
the laptop?
A. ₱17,000.00 B. ₱14,535.00 C. ₱10,465.00 D. ₱12,500.00

30. Which of the following is the better offer for a gas range of the same brand and quality listed at ₱8,500?
A. Store L offers 20% discount
B. Store O offers 10% and 10% series of discount
C. Store V offers 15% and 6% series of discount
D. Store E offers 10%, 8% and 4% discount series

31. Aling Luding is running a small sari-sari store. She purchased grocery items amounting to ₱5,250.00.
She was able to sell 75% of the goods and earned ₱4,920.00. She spent ₱385.00 for transportation
and additional ₱245.50 for repacking some of the items. How much is her gross profit?
A. ₱4,920.00 B. ₱4,289.50 C. ₱982.50 D. ₱552.50

32. Find the amount at break-even point of an item given the following information.
Unit Price = ₱18
Variable Cost = ₱8
Fixed Cost = ₱8,200
A. ₱8,200.00 B. ₱820.00 C. ₱8,226.00 D. ₱822.60

33. Joy borrowed ₱25,000 from a friend and agreed to pay 7.5% interest. How much will she pay her friend
after 6 months?
A. ₱1,875.00 B. ₱11,250.00 C. ₱41,875.00 D. ₱26,875.00

34. A second-hand car worth ₱300,000 is on sale. The owner asks for 30% downpayment and the balance
to be paid in 2 years with a monthly interest of 5%. Find the monthly amortization.
A. ₱19,250.00 B. ₱9,187.50 C. ₱8,793.75 D. ₱8,750.00

35. You borrowed ₱18,000.00 from your classmates and promise him/her that you will pay after 3 months
with 5% interest per month. Which of the following statement is true regarding the problem?
A. After 3 months I will start to hide from my friend so that he/she could not ask me about my debt.
B. I will not pay her/him because true friends don’t charge debt.
C. I will pay her/him ₱18,000.00 and nothing more.
D. I will pay him/her ₱20,700.00.

Believe in yourself, Even if you don’t

Pretend that you do, and, at some point, you will.
Venus Williams