1. Jackson is paid P80.35 an hour to paint pots. He gets paid 1.

5 times his normal wages for

overtime (over 40 hours per week). If he works 55.5 hours in one week, how much money does
he earn?
Base pay of 40 hours x P80.35 = P3,214.00
15.5 overtime hours x P120.53 = P1,868.22

Base pay P3,214.00

Overtime pay P1,868.22
Total money earned P5,082.22
(overtime wage = P80.35 x 1.5 = P120.53 per hour )

2. You purchased 2,000 shares of Kapamilya Network common stock at P97.87 per share. Your
stock broker charges 3% commission. Calculate the total cost of your shares of Kapamilya
Network common stock.

Cost of share = Price per Share x Number of Shares

= P97.87 x 2,000
= P195,740
Broker’s Commission = Cost of Shares x Commission Rate
= P195,740 x 0.03
= P5,872.20
Total Cost = Cost of Shares + Broker’s Commission
= P195,740 + P5,872.20
= P201,612.20

3. You deposited P15,000.00 in your savings account that has an available balance of
P185,455.43. Your deposit earned the following interests: P61.67 in December, P318.70 in
January, P180.16 in February, and P212.12 in March. What will be your savings account
available balance before tax?

Available balance P185,455.43

Deposit P15,000.00
December interest P61.67
January interest P318.70
February interest P180.16
March interest P212.12
Account’s new available balance P201, 228.08
 4. A housewife bought the following types of meat with their corresponding prices: 2 kilos of beef at
P424.25 per kilo; 1.5 kilos of pork at P254.00 per kilo; and 2.75 kilos of chicken at P166.00 per
kilo. How much did she buy for each type of meat? If she gave P2,000 to the cashier, how much
change did she get?
Beef: P424.25 per kilo X 2 kilos = P848.50
Pork: P254.00 per kilo x 1.5 kilos= P381.00
Chicken: P166.00 per kilo x 2.75 kilos= P456.50
Total P1,686.00

Payment: P2,000.00
Less: amount payable 1,686.00
Change P314.00

Percentage:
1. Charlie is planning to buy a new car through an auto loan financing scheme. To avail of the
lower monthly amortization, he must pay 30% of the purchase price of P648,000.00 as down
payment. How much should he save for the down payment of his car?
Down payment = Purchase Price x Rate
= P648,000.00 x 0.30
= P194,400.00

2. Ms. Minchin’s salary was increased from P20,340 to P22,750 per month. What was the rate of
increase in her salary?
Rate of Increase = New salary – original salary x 100%
Original salary
= P22,750 – P20,340 x 100%
P20,340
= 11.85%

3. Anthony works part-time as a real estate agent and receives a commission rate of 5%. If he was
able to sell a town house unit worth P1,865,900, how much is his commission?
Commission = Sales x Rate
= P1,865,900 x 0.05
= P93,295

4. Based on your previous financial statements, you have maintained your business gross profit
rate at 35%. If the net sales of your franchise business is P285,000, what will be your gross
profit for your franchise business?
Gross profit = Net sales x Gross profit rate
= P285,000 x 0.35
= P99,750

5. Bad debts (or parts of a loan or accounts receivable that are considered uncollectible) are
estimated at 2% of the accounts receivable (or amount to be collected from the customer). If the
bad debts expense to be charged is P1,480, how much was the company’s accounts
receivable?
 Bad debts expense = Accounts receivable x rate
Accounts receivable = Bad debts expense = P1,480 = P74,000
Rate 0.02

6. Kyle got a discount of 30% equivalent to P2,098.50 for a pair of brand new rubber shoes. How
much was the original price of the shoes he brought?
Discounted price = Original price x Discount rate
Original price = Discounted price = P2,098.50 = P6,995.00
Discount rate 0.30

7. For the Teacher’s Day promo, your store is giving a P250 off for a minimum purchase of P2,000.
How much is the discount rate given by your store?

Rate = Discount = P250 = 0.125 or 12.5%

Purchase P2,000

8. If a restaurant’s gross receipts for a week totaled P685,000 and 25% of this amount is profit,
how much are the expenses?

P=BxR
= P685,000 x 0.25
Profit = P171,500

Expenses = Gross receipts – profit

= P685,000 - P171,500
Expenses = P513,750

9. A man invested P25,000 in savings fund. He earned an interest of P2,048 after 1 year. What
was the rate of increase in his investment?

Rate of Increase = Amount of interest earned = P2,048 x 100%

Amount of investment P25,000
= 8.19%

10. Evelyn bought some books at the local bookstore. Her total bill was P1,500, which included 5%
tax. How much did the books cost before tax?

Cost rate = sales rate – tax rate

= 100% - 5%
= 95%
Cost = Amount x cost rate
= P1,500 x 0.95
= P1,425.00