Class No.

_____

HOLY ROSARY ACADEMY OF LAS PIÑAS CITY

SY 2020–2021
Business Mathematics
First Quarter Examination

Name:_____________________________________ Score:_________________
Section:____________________________________ Date:__________________

Instructions: Read carefully the questions and choose the best answer.
1. You were hired as the operations manager of a store. You took the initiative to do an
analysis of store’s financial statements. The financial statements reflect the material cost of
₱38,000 and labor cost of ₱50,000. What is the ratio of the store’s material cost to labor
cost?
A. 19 : 25 C. 25 : 19
B. 19 : 52 D. 52 : 19
2. ______represents a part of a whole or a group.
A. Percent C. Decimals
B. Fraction D. Similar
3. A kind of proportion where the given total is partitioned or divided into equal or unequal parts
depending on the given ratios.
A. Direct Proportion C. Inverse Proportion
B. Indirect Proportion D. Partitive Proportion
4. ______types of fractions where the numerator is greater than denominator.
A. Similar C. Proper
B. Dissimilar D. Improper
5. ______combination of whole number and a proper fraction.
A. Similar C. Mixed Number
B. Whole Number D. Improper
6. It is a term which refers to the reduction in the original selling price.
A. Markup C. Markdown
B. Cost D.Markup cancellation
7. To produce a certain perfume, Analie uses two basic elements, A and B, and combine them
in the ratio of 6:22. If he has 121 parts of element B, how many parts of element A should be
used?
A. 30 C. 34
B. 33 D. 44
8. What is the total amount that Justine will pay at the end of 2 years?
A. ₱50,000 C. ₱54,500
B. ₱51,500 D. ₱55,000
9. What fraction has an equivalent value?
A. Similar and Dissimilar C. Whole and Mixed Number
B. Proper and Improper D. Mixed Number and Improper
10. _______it tells how many times a whole divided equally.
A. Dash C. Numerator
B. Whole Number D. Denominator
11. If a floral tank top costs ₱390 and the retailer adds a mark on of ₱50, what is its selling
price?
A. ₱200 C. ₱440
B. ₱290 D. ₱500
12. It is a comparison of two numbers or quantities.
A. Percent C. Decimals
B. Ratio D. Proportion

13. If a set of Japanese table and chairs costs ₱10,598.10 and it is sold for ₱15,100, what is the
initial mark up (mark on) of the set of items?
A. ₱4,015.9 C. ₱4,109.5
B. ₱4,105.9 D. ₱4,501.9

14. It is a reduction from list price granted to buyers?

A. Discount rate C. NIP
B. Trade discount D. Cash discount
15. It refers to the sales where the total revenue and total costs are equal, that is, neither profit
nor loss.
A. Fixed Cost C. Break-even point
B. Revenue D. Variable cos
16. Clyde bought 8/9 of a pound of chocolate and ate 1/3 of a pound and gave ½ pound to his
brother. How many pound of chocolates was left?
A. 5/6 pound C. 13/18 pound
B. 1/18 pound D. 1/5 pound
17. Pinky bought a board that was 7/8 of a yard long. He cut off 1/2 of a yard for his green board
and 1/5 for his shoe rack. How many yard of board was left?
A. 7/40 yard C. 3/10 yard
B. 7/10 yard D. 4/10 yard
18. What was the initial mark up of an item that you bought for ₱1,500 from your friend if its only
₱999?
A. ₱499 C. ₱599
B. ₱501 D. ₱600
19. What is the cash discount if net invoice price is ₱5,060 and cash discount rate is 10%?
A. ₱253 C. ₱523
B. ₱352 D. ₱506
20. How much is the discount if the list price is ₱3,520.00 and the discount rate is 25%?
A. ₱407.00 C. ₱880.00
B. ₱507.00 D. ₱704.00
21. An item costs ₱ 2,000.00. Assume an original selling price of ₱1,200.00. The selling price
was raised to ₱1,400. It was later on tagged to sell at ₱1,250. How much is the mark-up
cancellation?
A. ₱100 C. ₱300
B. ₱150 D.₱510

22. Find the value of BEP in units using the following data. Total Fixed Cost = ₱250,000, Selling
Price = ₱250, Total Variable Cost = ₱150
A. ₱1,500 C. ₱3,000
B. ₱2,500 D. ₱3,500
23. It is defined as selling price minus the cost of goods sold.
A. Mark up
B. Profit
C. Selling price
D. Margin

24. It is the amount by which the cost of a product is increased in order to derive the
selling price.
A. Mark up C. Selling price
B. Profit D. Margin
25. It is the amount left after subtracting all the operating expenses from the gross profit.
A. Gross profit C. Net sales
B. Gross sales D. Net loss
26. Mrs. Gem gave 1 box of cookies to Mark and Patricia. Mark has consumed 1/2 box of
cookies, and Patricia has gobbled up another 1/3 box. If the box originally had 60 cookies,
how many are now left?
A. 40 cookies C. 20 cookies
B. 30 cookies D. 10 cookies
27. Jackson’s mother bought 4 packs of hamburger meat. Each pack contains 4/6 pound of
meat and she distribute it to her three sons, Jackson, Jack and Sun. Jackson gave ½ pound
of meat to his wife. How many pound of meat left to Jackson?
2 16
A. 23 pounds C. 6 pounds
8 𝟕
B. 9 pound D. 𝟏𝟖 pound
28. Mrs. Claire has 3 cups of sugar. She needs to transfer the sugar into empty containers
where each container should contain 1/3 cup of sugar, then sold 6 containers to his friend.
How many cup/s of sugar were left, if each cup is full of sugar?
1 C. 𝟏 cup
A. 3 cup
D. 9 cups
B. 2 cups
29. The net invoice price of a wall clock is ₱300. 00. If the discount granted was 18%, find the
discount.
A. ₱ 50. 6 C. ₱51.66
B. ₱50. 66 D. ₱54.00
30. What is the value of the missing term in the proportion 8:b = 24:18?
A. 2 C. 4
B. 3 D. 6