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Business Mathematics Assessment Exam

This document contains a business mathematics assessment exam with 5 questions. The questions cover topics like calculating percentages of amounts, determining capital contributions based on profit/loss shares, computing earnings that include salary, commissions, allowances and overrides, monthly mortgage payments, and calculating time differences. There are also sections on markdown pricing, discounts, interest calculations, and installment payments. The exam tests a variety of quantitative skills used in business contexts.

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Darleen Joy Udtujan
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90 views2 pages

Business Mathematics Assessment Exam

This document contains a business mathematics assessment exam with 5 questions. The questions cover topics like calculating percentages of amounts, determining capital contributions based on profit/loss shares, computing earnings that include salary, commissions, allowances and overrides, monthly mortgage payments, and calculating time differences. There are also sections on markdown pricing, discounts, interest calculations, and installment payments. The exam tests a variety of quantitative skills used in business contexts.

Uploaded by

Darleen Joy Udtujan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Business MathematicsAssessment Exam

Name: _____________________________________________ Date: ______________

Direction: Write your answer on the space provided. Use the back page for your
computations.

__________________1. 2.5% of what amount is P80.00?

__________________2. A and B are business partners that share 2:3 profits and
losses. If the capital of A is P16, 800, how much is the capital of B?

__________________3. Jan is a sales manager receiving a monthly salary of P18,000,


a commission of 5% in his sales, and a monthly transportation allowance of P5,000.
He is also given an override of 1% on his men’s sales. For the month of August, Jan
sold a total of P110,000. His men sold a total of P380,500. How much is his gross
earnings?

__________________4. Compute for the monthly payment on a mortgage worth P100,


000 payable in 3 years at 15%.

__________________5. What is the actual time and approximate time between April
22 and August 25?

Original SP New SP Markdown Markdown Rate

1) P320 P280

2) P625 P575

3) P300 20%

4) P475 30%

5) P644 P84

List Price Discount Rate Discount Net Invoice NIP Rate


Price

1) P158.75 5%

2) P865.00 12.5%

3) P1,300 P104

4) P3,650 P803

5) P725 P522
Net
Invoice Payment Cash
Invoice Date TOP Amount
Amount Date Disc.
Due

3 2 𝑛
1) 576 May 28 , , Jun. 12
15 20 90
2 1 𝑛
2) 785 Apr. 22 , , May 7
10 15 60
3 𝑛
3) 895 Mar. 12 , Apr. 26
10 45
2 𝑛
4) 645 Feb. 25 , Mar. 6
10 30
1 𝑛
5) 1,675 Jan. 15 , Jan. 28
15 45

Principal Rate Time Interest Future


Value

1) P1000 10% 3 year

2) P2000 2%/month 2 years

3) P3000 12% 6 months

4) P2550 8% 2 quarters

5) P850 3%/quarter 9 months

Principal Rate Time Interest Future


Value

1) P1000 10% 3 year

2) P2000 2%/month 2 years

3) P3000 12% 6 months

4) P2550 8% 2 quarters

5) P850 3%/quarter 9 months

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