DEE HWA LIONG ACADEMY

Sta. Maria Compound, Marcos Highway, Santolan, Pasig City

Tel. No.: 682-4625/ 682-4578

Chapter Quiz in
BUSINESS MATHEMATICS

Name: ___________________________________ Date: _____________ Score: ____________

Grade/ Section: ___________________________ Teacher: _________________________________

General Directions: Do as indicated. Read, analyze, and solve the following problems. Avoid erasure on your
final answer and show your complete solution. NO SOLUTION NO CREDIT. Any gadgets except your
scientific calculator is not allowed. Round off your final answer to the nearest hundredths.

I. COMPLETION. Supply the missing information on each table. Write your answer at the space provided.

A. Markup (1-15)
Markup/ Selling Percentage
Item Cost Markup Rate
Margin Price Margin
Watch (piece) ₱2,978.70 20%
Bicycle (piece) ₱1,489.30 19%
Shirt (piece) ₱495.00 60%
Ring (piece) ₱720.00 30%
IPad (piece_ ₱3,500.00 ₱22,499.99

B. Markdown (16-25)
Original Selling Markdown
Item Markdown Reduced Price
Price Rate
Orange (kilo) ₱100.00 10%
Ensaymada (piece) ₱47.65 6%
Pizza (box) ₱49.00 ₱299.99
Can goods (piece) ₱15.00 12%
Milk (pack) ₱89.00 ₱62.00

II. PROBLEM SOLVING. Read, analyze, and solve the following problem. Write your solution at the space
provided. Don’t forget to include your conclusion for every problem.

26-30. Complete the following invoice 2501. Find the net price using the single trade discount.

Invoice No. 2501

September 16, 2019
Quantity Item Unit price List Price
15 Notebooks ₱8.50
10 Loose leaf paper ₱12.75
30 Ballpoint pens ₱7.90
Total List Price
Trade Discount (40%)
Net Price

31-35. The list price of a mobile phone is ₱26,000. A chain discount of 12%, 6%, and x% was given and
the discount is ₱5,568.20. Approximately, find x and the single discount rate that is equivalent to the chain
discount.
36-45. Mrs. Olaira, a manufacturer of furniture lists a desk at ₱70,000 with a series discount of 20%, 10%,
and 10%. A second manufacturer named Mrs. Ocampo lists the same desk at ₱65,000 with a series
discount of 10%, 10%, and 10%. Which is the better deal?

For Mrs. Olaira’s deal

List Price Rate of Discount Discount Net Price
₱70,000 20% or 0.2
10% or 0.1
10% or 0.1

For Mrs. Ocampo’s deal

List Price Rate of Discount Discount Net Price
₱65,000 10% or 0.1
10% or 0.1
10% or 0.1

46-50. Which is bigger, a single 20% discount, or a series of two 10% discounts? Justify your answer by
computing the single rate equivalent of the discount series.

51-60. The unit cost of producing one box of cupcakes is ₱150.00. Aside from the unit cost, there is also
a fixed cost of ₱45,000.00. Thus, the owner decided to impose 25% markup based on the unit cost.
a. Determine the selling price of one box of cupcakes.
b. How many boxes of cupcakes should be sold to have a profit of ₱5,625.00?
c. If 100 boxes of cupcakes were sold, how much is the profit earned/ loss incurred?
d. How many boxes of cupcakes should be sold to breakeven?