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Buisness
Buisness
I. MULTIPLE CHOICE: Identify the choice that best completes the statement or answers
the question.
12 48 36 26 17
60 12 108 104 50
A. B. C. D. E.
______ 2. John earns P8.35 an hour. Last week he worked 21 hours. This week he
worked 33 hours. What is his straight time pay for the two weeks?
______ 3. The table shows the hours worked for the week. What is the total number of
hours worked?
2 1 1 1
4 10 5 10
A. 39 B. 38 C. 38 D. 38 E. 37
______ 6. Joan gets paid P2.35 for each baseball cap she embroiders. Her
production sheet is shown. What is her total pay for the week?
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Business Mathematics XI
Hats 52 48 53 44 36 41
______ 7. A carpenter makes P57,000.00 per year. What is the monthly salary?
______ 9. Johnathan’s salary for a four-week period was $7,396.00. What is the
weekly salary?
______ 10. If a job has salary of P4,700 a week, how much would it pay for a year?
______ 11. One-Stop Building Supply Company pays P499.40 each for ladders. The
company wants a 45% mark up on the cost. It should sell each ladder for
Problems 12 – 15. Duane McCoy’s job pays him $11.25 per hour for a 40-
hour week. He estimates his fringe benefits to be 29% of his yearly wages.
His yearly job expenses are estimated to be dues, $375; uniforms, $580;
commuting costs, $934.
______ 16. – 17. A local electronics store purchased some calculator 90 days ago for
P2511 less discounts of 11% and then 6%. The original selling price of the
computers is 12% above the cost. The manager has decided to blow the
computers out at 25% off the store’s normal selling price. What is the blow
out sale price?
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Business Mathematics XI
______ 18 – 19. A local clothing store has purchased some handkerchief for P23.14
each less discounts of 5%, 3.5% and 2.2%. The store has overhead of 71%
of cost and a normal profit of 63% of cost. What is the regular selling price of
the shorts?
______ 20 – 21. A flower shop has decided to hold an auction. The price of a bouquet
of flowers will go down by 6% per hour for every hour after 8 a.m. The buyer
purchases the flower at 1 p.m. What is the single equivalent rate of
discount?
______ 22 – 23. What rate of discount has been allowed if an item has a normal selling
price of P3699.00 and it is sold for P3199.00?
______ 24 – 25. What was the normal selling price for a product if the final price was
P61.50 and the item was sold at discounts of 15% and then 20%?
II. MATCHING TYPE: Match the items in Column A with the items in Column B.
Write the answer of your choice on the space provided before each item in
Column A.
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Business Mathematics XI
B
A
______ 26. How the firm stands on a
a. Account Payable
specific date
b. Account Receivable
______ 27. Amounts owed by the
c. Accrued Taxes
customers
d. Common Stock
e. Current Assets
______ 28. Future expense items
f. Current Liability
already paid
g. Depreciation
h. Earning reinvested
______ 29. Cash/likely convertible to cash within
i. Fixed Assets
1 year
j. Prepaid Expense
k. Retained Earnings
______ 30. Original amount paid
______36.
______ 33.P1000
Unpaid is wages,
investedtaxes,
at twoetc
years in a bank,
earning a simple interest of 8% per annum.
______ 34. Debts payable
B
______ 37. P10,000 is invested for 4 years and 9 months
______ 35.inOriginal
a bankinvestment
earning a simple interest rate of
10% per annum.
l. P34.50
______ 38. Find m.
the P60.00
present value at 8% simple interest
n. P141.91
of a debt P3,000.00 due in ten months.
o. P160.00
p. P872.42
______ 39. Determine the future value of P1000 which
q. P1,169.86
was invested 4 years at 4% compounded PART II. Interest, Rate
r. P1,962.00
annually. and
s. P2,104.85 Percentage
t. P2,812.50
______ 40. Determine the future value of P1000 which
u. P14,750.00
was invested 5 years 6 months at 14%
v. P16,713.00
compounded semi - annually.
______ 41. P800.00 is invested for one year. If the
interest rate is 8.75% compounded
quarterly. Determine the amount after one
year. III. PROBLEM
SOLVING:
______ 42. How much money should be deposited in a Solve the
bank paying interest at the rate 6% per year following
compounded monthly so that at the end of 3 problems.
years the accumulated amount will be Show your
P20,000.00? solutions.
______ 43. Allan has P600 in his savings account 46 – 50.Market Systems
earning 5 ¾ annual interest. After 12 provides medical
months, and using the simple interest, what coverage through
amount of interest will he have earned? a group medical
plan for
______ 44. Rosanna bought two (2) burgers at P49.95 employees. The
each and two (2) cup - cakes at P16.99 annual cost of the
each. The sales tax where she lives is 6%.
What was the total amount of the purchase?
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Business
_____ 45. ____ Mathematics
is 20% XI
more than 50?
family membership is P7,250. The company pays 49 percent of the cost. How
much do the employees contribute for medical insurance?
56 – 60. Mr. Thomas’s charge account statement shows an unpaid balance of P600.
The monthly finance charge is 1.5 percent of the unpaid balance. What is the
new account balance?
61 – 65. In order to buy a new house, a family obtains a mortgage of P150,000 for 30
years at 7.5% compounded monthly. What are the monthly payments?
66 – 70. Jordan and his wife have P64,600.00 to use as a down payment on a home
that costs $241,000.00. What is the amount of their mortgage loan?
71 – 75. Mr. Wilcox is purchasing a home for P314,990.00. The bank is willing to
finance the purchase if Wilcox can make a down payment of ¼ of the selling
price. How much money will he need for the down payment?
76 – 80. A car salesman makes 10 percent commission on the first P10,000 and 12
percent on all sales over P10,000. How much commission will be earned on
P22,500.00 in sales?
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Business Mathematics XI
God Bless
______ 21. The net price of an article is $61.75. What is the suggested price (the
list price) if a discount of 35% was allowed?
______ 22. An item costing $42.14 to buy was sold for $84.99. What is the rate
of markup based on cost?
_____ 23. A department store lists a product for $200 less 20%. To improve the
sales, the net price is reduced to $120. What additional rate of discount is given by the
store?
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Business Mathematics XI
Mortgage
1. Jordan and his wife have $64,600.00 to use as a down payment on a home that costs
$241,000.00. What is the amount of their mortgage loan?
2. Mr. Wilcox is purchasing a home for $314,990.00. The bank is willing to finance the
purchase if Wilcox can make a down payment of ¼ of the selling price. How much
money will he need for the down payment?
3. A car salesman makes 10 percent commission on the first $10,000 and 12 percent on all
sales over $10,000. How much commission will be earned on $22,500.00 in sales?
4.
Pricing
5. A new home has an estimated replacement value of $194,000.00. The insurance will
cover 85% of the replacement value. What is the amount of coverage on the home?
6. Mr. Santiago recorded his housing expenses for the month of March: $1,383.74 for
mortgage payment, $12.34 for insurance premium, $93.13 for real estate taxes, $127.34
for electricity, $53.73 for telephone service, and $67.13 for water. What is the total
monthly housing costs?
7. Barry purchased 750 shares of stock at $33.73 per share. His online broker charged him
a $25.00 commission. What is the total cost of the stock?
8. Ms. Rodriguez purchased five bushes for $14.25 each, a swing for $75.34, and a gas grill
for $179.99. She must pay the state tax of 3.5 percent, and the city tax of 2 percent.
What is the total purchase price?
9. What is the list price of an item that is subject to a series of discounts of 15%, 10%, 5%,
if the net price is $500? What is the equivalent single rate of discount? [$687.99 ,
27.33%]
Interest
10. Mr. Thomas’s charge account statement shows an unpaid balance of $600. The monthly
finance charge is 1.5 percent of the unpaid balance. What is the new account balance?
11. A loan of $10,000 was granted for 90 days at 8 percent ordinary interest. What is the
amount of ordinary interest owed? (HINT: Use banker’s interest 360 days a year)
12. In the last 5 year, MAA Mutual Fund grew at the rate of 10.4% per year compounded
quarterly. Over the same period, Public Mutual Fund grew at the rate of 10.6% per year
compounded semi – annually. Which mutual fund has a better rate of return?
13. It costs $55 to ship 150 pounds of auto parts. How much does it cost to ship 500 pounds?
14.
15. Market Systems provides medical coverage through a group medical plan for employees.
The annual cost of the family membership is $7,250 The company pays 49 percent of the
cost How much do the employees contribute for medical insurance.
GOD BLESS
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Business Mathematics XI