Instructions: Read carefully the questions and choose the best answer.

1. A purchase price of an article.

a. Cost
b. Initial Markup
c. Markdown
d. Mark Cancellation
2. The amount added to cost to arrive at the original selling price.
Cost
Initial Markup
Markdown
Mark Cancellation
3. The amounts added to original selling price to arrive at a new selling rice.
Cost
Additional Markup
Markdown
Mark Cancellation
4. The decrease in new selling price that doesn’t decrease it below the original selling price.
Cost
Additional Markup
Markdown
Mark Cancellation
5. It is the reduction in the original selling price.
Cost
Additional Markup
Markdown
Mark Cancellation
6. It is an amount by which the cost of a product is increased in order to derive the selling price.
Margin
Markup
Operating Expenses
Cost
7. It addresses to the profit as it relates to its selling price.
Margin
Markup
Operating Expenses
Cost
8. The number of which a certain number of hundredths is taken or the original amount.
Base
Rate
Percentage
Ratio
9. It is a part considered in its quantitative relation to the whole.
Base
Rate
 Percentage
Ratio
10. A television listed at ₱15,000 is granted 20%, 10%, and 5% discounts. Find the net invoice price.
₱12, 000
₱10, 800
₱10, 260
₱10, 000
11. A television listed at ₱15,000 is granted 20%, 10%, and 5% discounts. Find the total discount.
₱3, 000
₱4, 200
₱4, 740
₱5, 000
12. An item listed at ₱4,450 was sold for ₱3,250. Find the discount rate.
75%
25%
73.03%
26.97%
13. An item listed at ₱4,450 was sold for ₱3,250. Find the NIP rate.
75%
25%
73.03%
26.97%
14. What is the amount of ₱50.50 in 20%?
₱10.1
₱10.2
₱10.3
₱10.4
15. What is the number of 150 in 3/2?
175
185
205
225
16. What part of 360 is 18?
5%
10%
15%
20%
17. What is the percent of increase/(decrease) of an item on sale at ₱275 with an original price of
₱300?
The item rate increase by 8.33%.
The item rate decrease by 8.33%.
The item rate increase by 91.67%.
The item rate decrease by 91.67%.
18. What is the tax rate of a product if Eddie paid ₱2,775 with included ₱100 as sales tax?
3.5%
3.6%
3.7%
3.8%
19. Leah and Beah agreed to share profits and losses according to their capital ratio. Using Bea’s
capital of "₱"35,000 and Camille’s "₱"25,000, find the share of Leah in a net loss of "₱"6,000.
₱3, 500
₱2, 500
₱3, 250
₱2, 250
20. If a company has a return of investment of 15% and a capital of "₱"1,700,000, what is the
company’s net profit?
₱255, 000
₱355, 000
₱125, 000
₱11, 333, 333.33