SANTA MARIA NATIONAL HIGH SCHOOL ST NO.

3
POBLACION SUR, SANTA MARIA, ILOCOS SUR

SUMMATIVE ASSESSMENT IN BUSINESS MATHEMATICS

QUARTER 1 (MODULE 3)
SOLVING PROBLEMS INVOLVING DIRECT, INVERSE AND PARTITIVE PROPORTION and DIFFERENTIATING MARK-ON,
MARK-DOWN AND MARK-UP

NAME____________________________GRADE/STRAND_______________SCORE_________

TEST 1: Read and understand each item carefully, then solve for what is being asked. WRITE
YOUR SOLUTIONS/ANSWERS IN A YELLOW PAD PAPER.

1. Julia buys a notebook with a cost of ₱45. The rate of mark-up based on cost is 25%.
Find the (a) selling price and the (b) mark-up.
2. Peter decides to impose a mark-up of ₱5 on each pen he sells to his classmates and friends.
This represents a 20% mark-up based on the selling price.
Find the (a) cost and the (b) selling price of the pens Peter sells.
3. Find the (A) regular selling price and the (B) cost price of memorabilia items being sold for ₱500
if the mark-up is set at a rate of 25% of the cost price with an approved 15% mark-on rate based
on the cost price included because of a special event.
4. Super Mall paid ₱15,000 for a set of dishes. Expenses are 18% of the selling price while the
required profit is 15% of the selling price. During an inventory sale, the set of dishes was marked
down by 30%.
a. What was the regular selling price?
b. What was the sale price?
c. What was the profit or loss?

5. Harry’s Hardware realizes a markup of ₱34.50 if it sells an item at a markup of 40% of the selling
price.
a. What is the regular selling price?
b. What is the cost?
c. What is the rate of markup based on cost?
d. If overhead expenses are 27% of cost, what is the break-even price?
e. What is the operating profit or loss, if the article is sold for ₱75?

Prepared by: Checked by: Approved by:

Romalyn V. Felicitas Revelyn D. Raguindin Perla B. Peña

Subject Teacher Grade 11 Coordinator School Principal IV