GORDON COLLEGE

SENIOR HIGH SCHOOL DEPARTMENT

FINAL EXAMINATION IN BUSINESS MATHEMATICS

NAME: DATE:

STRAND/BLOCK: SCORE:

GENERAL INSTRUCTIONS: Solve each item carefully. For answers with many decimal
points, round off the FINAL answer to TWO decimal places. Write your solutions at a
separate sheet of paper and the FINAL answer on the space before each item.

1. Mr. Adebayo loaned an amount of 25 thousand pesos from the bank at 5.6%
interest, compounded monthly. How much will he pay after 3 and a half years?
2. Ms. Holly works in a sales organization, and was promised 20% of all her sales
plus a monthly salary of P7000. During the month of August, she managed to sell
10 perfume bottles worth P500 each, 15 dishwashing liquids worth P200 each
and 17 pieces of clothing worth P250 each. How much is her pay for the month
of August?
3. Mr. Carlos loaned an amount of P30000 from the bank at 4.8% interest
compounded monthly. After two months, he loaned a certain amount from his
brother at 5% interest semi-anually, and used it to pay the full amount he loaned
from the bank. If the amount he loaned from his brother is equal to the full
amount he owed from the bank, how much will he pay to his brother after 3
years?
4. Mrs. Remedios bought a refrigerator from SM Appliances. During that time, SM is
on a 10% discount on all of their items. If she paid P25000, how much is the
original price of the refrigerator?
5. Aling Maria sells ice candy. If the cost of producing a piece of ice candy is 8 pesos
and she sells it for 10 pesos, how many pieces must she sell to reach a breakeven
if she produces 100 pieces?
6. Mr. Tonyo bought a Mercedes-Benz for 3 million pesos. Since he only has 1
million pesos, he loaned the remaining amount from the bank at 3.2% interest,
compounded monthly. How much will he pay monthly if he promised to pay the
full amount for a period of 4 years?
 GORDON COLLEGE
SENIOR HIGH SCHOOL DEPARTMENT

FINAL EXAMINATION IN BUSINESS MATHEMATICS