BASIC FINANCE EXERCISES

SW1 Give one company, tell me what kind of business organization it is, and explain.
SW2 1. Accdg to one recipe you ill need 1/3 cup flour, ½ cup milk and 3/7 cup egg yolk give
the percent
2. Mang Inasal has a promo give the ff: if you are an OB student you get 15% discount
your bill is 189.50 how much is your bill now?
3. If you see this : 1 kilo of rice : 9 cups , how much do you need to get 50 cups?

SW3 1. The list price of a brand new gas range is P39,500 subject to 15% trade discount
compute for the
a. Net price Pn = P1 (1-r)
b. Trade discount Dt = P1 - Pn

2. The order of one whole beef carcass is P11,800 subject to 12%, 5%, 2% trade
discounts. Compute for the net price.
Pn = P1 (1-r1)(1-r2)(1-r3)

3. The net price of merchandise is P10600 and with terms of 10/15, EOM, n/60 if
invoice is dated Oct 12, 2008 how much was paid on Nov 15? What if it was paid on
Oct 18?
A= Pn (1-r)

Qz1\Sw Solve the ff problems : 5pts each (20pts total with solutions : NO SOLUTION NO CREDIT)
3 1. A merchant bought 10 crates of mangoes at 5250. Each crate contained 35 kilos. If
the merchant imposed a 30% markup based on cost, compute for the ff
a. Mark up per kilo
b. Selling price per kilo
2. An order of tiramisu is 565. The retailer plans to sell it at 700. If the markup is based
on cost compute for the following
a. Markup
b. Rate of markup
3. An RTW boutique sells ladies dresses at 600 per piece. If the cost of each dress is
499.75. what is the rate of markup based on cost
4. A fish dealer bought 10 kilos of fish at 45 per kilo. Past sales indicate that 15% of the
fish will not be sold. What should be the selling price in order to obtain a mark up of
45% based on the purchase price?
SW4 1. ABC Enterprise sold bar table/ stool set for only 6250 which was previously priced at
8500. Find the mark down, rate of markdown
a. Md = Po – Pn
b. R = md / Po

2. In June 2007, a kitchen equipment was priced at 6500. In August of the same year, a
20% mark down was applied to the orig price. What is the new selling price?
Pn = Po (1 – r)
3. One and a half dozen chairs were bought for 4410 for the newly opened restaurant
and were offered for sale at 30% based on cost. Twelve pieces were sold, the
remaining six were offered at 300 per piece. Find the
a. Original selling price per piece
b. Mark down per piece
c. Rate of mark down per piece

a. Ps = c (1 + r)
b. Md = Ps – Pn
c. R = Md / Po