Academia De Sto. Domingo of Calumpit Inc.

I /5
ADSD, Sitio 6, Pungo, Calumpit Bulacan II /5
III /8
S.Y 2022-2023
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First Periodic Examination in
V /12
Business Math
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Total /50
Name:___________________________________________Score :_________________
Grade and Section:_________________________________Date:_____________Parent’s Signature:_________
Teacher: Ms. Alma Mary L. Halili
I. Identification
Direction: Identify who/what is being described in each statement. Choose your answer in the box. Write your
answer on the space provided for. (Remembering 1-5)
Mark-up Trade Discount List Price
Sales Net Price

1. This is the fee for a service or product before discounts are reduced or sales are added. ___________
2. This is the amount by which the cost of a product is increased in order
to derive the selling price. It can also be defined as the sum of the expenses and profits. ___________
3. It is the final charge you pay for a product or service after discounts and sales taxes are computed.
___________
4. This is the account used to report the selling price of the merchandise. _______________
5. This is a reduction from list price granted to buyers. ______________
II. Multiple Choice
Direction: Read each statement carefully. Encircle the letter of the best answer. (Understanding 6-10)
6. This is the cost of expenses that does not vary over time on a certain relevant range, the number of products
sold, and production of goods to be sold.
a. Fixed cost (FC) b. Variable Cost (VC) c. Total Cost (TC) d. Selling Price (SP)
7. This may refer to the amount of money spent for raw materials used in the production of the goods including
the labor, utility expenses, and commissions.
a. Fixed cost (FC) b. Variable Cost (VC) c. Total Cost (TC) d. Selling Price (SP)
8. This is the sum of the fixed cost and variable cost.
a. Fixed cost (FC) b. Variable Cost (VC) c. Total Cost (TC) d. Selling Price (SP)
9. This is the price of the product being sold.
a. Fixed cost (FC) b. Variable Cost (VC) c. Total Cost (TC) d. Selling Price (SP)
10. This is the process used to determine the number of units of products to sell in order to cover the costs.
a. Fixed cost (FC) b. Variable Cost (VC) c. Total Cost (TC) d. Break even analysis
III. Completing the table
Direction: Use the case problem below to discover how the simple income
statement format can help you discover how to compute and determine profit or
loss in a business cycle. (Applying 11-18)
IV. Modified True or False
Direction: Write the word True if the statement is correct, and if it is false change the underline word to make
the statements True. (Synthesizing 19-26)
19-20. Margin (more popularly known as gross margin) in simple terms is revenue
(sales) minus the cost of goods sold (COGS).
21-22. Mark-up is the amount that should be added to the manufacturing cost of a
product to derive the price that it should be sold at.
23-24. The difference between profit margin and mark-up is that profit margin is
sales minus the cost of goods sold.
25-26. Profit margin and mark-up show two different sides of the transaction.
V. Essay
Direction: In not more than five (5) sentences, answer the following questions below. (Evaluating 27-38)
27-30 Why Use Break-Even Analysis?
31-34. What is the Breakeven Point (BEP)?
35-38. What is the difference between profit and loss?
VI. Problem Solving
Direction: Solve the problem below. (Creating 39-50)
One day, Bebang went shopping at SM Clark and decided to buy a set of earrings with 25% off on the original
price which is Php4,400. If Bebang buy the earrings today, she will received an additional 5%.
1. How much will be her discount on the original price with a 25% off?
2. Find the selling price from the 25% discount less to the original price.
3. How much money will Bebang save if she will received additional discount of 5%?
4. Find the new selling price of the set of earrings with both discounts?
5. How much money will Bebang save if she buys the bracelets today?