FO-PO-1.

3-LH-1
Rev.1-03/19/19
______________________________________________________________________
BUSINESS MATHEMATICS
First Quarter Examination
School Year:2019 - 2020
Name: _____________________________________ Date: ___________________________
Section and Year Level:_______________________ Score: ___________________________

Time Allotment: 1 hour (60 minutes)

Test I. Multiple Choice. Shade ( ) the correct answer on the answer sheet provided. (1 point each)

1. It is a statement of two equal ratios.

a. Fraction b. Proportion c. Rate d. Ratio
2. A comparison of quantities that have the same units and can be stated through
fraction, quantities separated by colon, and the word “to” is called _______?
a. Direct proportion b. Proportion c. Rates d. Ratio
3. The two quantities x and y have the same direction if a change in one causes a
changein the other.
a. Directly proportional b.Inversely proportional c. Proportion d. Rates
4. It describes the quantity that has to be distributed to two or more unequal parts.
a. Direct proportion b. Inverse proportion c. Partitive proportion d. Ratio
5. What process will be used to determine the two ratios on both sides are equal?
a. Cross product b. Convert decimals c. Convert percent d. Equivalent
6. It describes the merchandiser position about the difference between the selling
price and the cost product sold refers to what?
a. Gross margin b. Markdown c. Markup d. Selling price
7. It denotes the ratio between gross margin and the price of a product is called____?
a. Gross margin percentage c. Markdown rate
b. Discount rate d. Markup rate
8. It refers to the quantity of goods that has to be sold so that revenue is equal to cost.
a. Break-even point b. Cost c. Profit d. Revenue
9. In mathematical language, which of the following formula used to determine the
break-even point?
a.C(x) = R(x) b. R(x) = C(x) c. P(x) = R(x) – C(x) d. P(x) = C(x) - R(x)
10. Among the choices, what sequence should be follow to calculate the break-even
point of solving equations?
a.Find the revenue function, set up the break-even equation, and solve the
break-even point.
b. Set up the break-even equation and find the revenue and break-even point.
c. Find the break-even point and revenue function to compute the break-even.
d. Set up the profit, revenue, and cost
11. Convert into decimal form.
a. 0.20 b. 0.40 c. 0.60 d. 0.80
12. Convert 1.001 to fraction

a.1 b. 1 c. 1 d. 1

13. Convert 3 % to fraction

a. b. c. d.

For numbers 14-15

14. A sunglass sold at 5,000 Php but it was acquired by the shop at 2,500 Php.
What is the margin?
a. P 1000.00 b. P 1,500.00 c. P 2000.00 d. P 2,500.00
15. What is the margin percentage?
 a.25% b. 50% c. 75% d. 100%

For numbers 16-18

16.The list price of a product is 6,500.0 Php and is given a discount series of 5%,
10%, and then 12%. What is the single equivalent rate D for this discount series?
a. 24.76% b. 49.97% c.73.97% d. 99.94%
17. What is the amount of discount?
a.P 1,609.40 b. P 1,629.50 c. P 1,649.60 d. P 1669.70
18. What is the net price?
a.P 4,870.60 b. P 4,880.60 c. P 4,890.60 d. P 4,900.60
19. If the costs of producing each unit of product A are 50 Php and the selling price
for each unit is 150 Php. What is revenue and cost functions?
a. R(X)= 50X ; C(X)= 150X c. R(X)= 150X ; C(X)= 50X
b. R(X)= 200X ; C(X)= 150X d. R(X)= 150X ; C(X)= 200X
20. How much profit (loss) is earned by the business if it is sold 500 units of
Product A for item number 19?
a. – P 50,000.00 b. P 50, 000.00 c. P 100,000.00 d. P 150,000.00
21. If two halves are added to 2 , the result is?

a. 2 b. 3 c. . 5 d. 5

22. Find the difference 123 -6 .

a. 114 b. 115 c. 115 d. 116

23. Juan is asked by his teacher to convert 0.00025% to decimal, what should be
his answer?
a.0.025% b. 0.25% c. 2.5% d. 25%

24. What Joy possible answer if she converted 5 in percent?

a.0.515% b. 5.15% c. 51.5% d. 515%

For numbers 25 to 26
Suppose, the Davao Light and Power Company donated 2500 books to Davao City
National High School Library; 40% are Earth Science books, 30% are Chemistry books,
20% are Math books, 5% are English books, and the other 5% are Physics books.
25. How many books are Earth Science?
a. 250 b. 500 c. 750 d. 1000
26. How many books are Physics?
a.125 b. 250 c. 500 d. 750
27. Which of the following is the correct procedures of writing mixed number to
improper fraction?
a. Multiply the denominator to the whole number and add the product to the
numerator and the sum also is the numerator of the improper fraction and
copy the denominator.
b. Multiply the divisor by its product then add the remainder to constitute its
numerator and the quotient as its divisor.
c. Add the divisor and the quotient to make it the numerator and the dividend
as the divisor.
d. Multiply the dividend by the divisor as its numerator and the quotient as the
divisor.
28. Simplify: (128-84) + (128-84)- (128-84)?
a. 0 b. 20 c. 44 d. 64
29. A bank requires a monthly payment of 450.75 Php for a loan of 54, 000 Php.
At the same rate, what is the monthly payment for a loan of 90, 000 Php?
a. Php 270.45 b. Php 540. 90 c. Php 751. 25 d. Php 1021.70

30. Thirty workers can finish a house in 25 days. By working at the same rate, how
many days will it take 25 workers to finish the house?
a. 20 days b. 25 days c. 30 days d. 35 days
 31.What is the difference between markup and margin based on the following?
a. Markup is used to set selling price, margin however, is used after a product
has been sold
b. Markup is used before a sale is made; margin before a sale has been made
to the customers.
c. Markup is a cost of a product while margin is a discount price
d. Markup is a fixed price and margin is a cost
32. How markup rate differs from gross margin percentage in the given statement?
a. Markup rate in percent form expressed as a percent of a percent of a products
cost, however, margin percentage is the ratio between margin and price of a product.
b. Markup rate used to get the discount while gross margin percentage is a
difference of selling price and cost
c. Markup rate is used to obtain the product cost and gross margin percentage is
to get the profit
d. Markup rate is the basis of profit of manufacturing then, the gross margin
percentage is for the cost

33. Which of the following statements BEST differentiate between profit and loss?
a. If revenue is less than or equal to cost then the business obtain profit with
losing percentage of the company.
b. If revenue is greater than the costs then, the company’s gain profit in without a loss.
c. If revenue is less than the cost then, the company’s is losing without a profit.
d. If revenue is equal to cost then, the company is in break-even, thus, the
company have no profit and loss.
34.Ruth bought 55 copies of Phil. History book and paid a total of P3, 850. 00. If
she buys 3copies more of the same book, how much will she pay in all?
a.4,060 Php b. 4,260 Php c. 4,160 Php d. 4,150 Php
35. A stationary pad that sells for Php 18.50 per pad can be bought for Php 150.00
when a dozen pads are purchased at one time. What is the savings per pad, in
pesos,when thepads are purchased by the dozen?
a.6.95 Php b. 6.75 Php c. 6.50 Php d. 6.00 Php

For items number 36-38

Suppose, the monthly amortization for a loan of a certain company is 1,000,000.00 Php with an
interest rate of 15% a year.
36. What is the periodic interest rate?
a.0.0025% b. 0.0125% c. 0.025% d. 0.25%
37. What is the monthly amortization for a period of 7 years?
a. 19, 296.75 Php c. 19, 426.75 Php
b. 19, 326.95 Php d. 19, 526.85 Php
38. What is the interest earned for seven years?
a. 620, 927 Php c. 622, 929 Php
b. 621, 928 Php d. 623, 930 Php
39. Which of the following that BEST describes the difference between ratio and rate?
a. A ratio is a comparison of quantities that have the same units while rate is a
comparison of two quantities that have same units.
a. A ratio is a comparison of quantities that have the different units while rate is a
comparison of two quantities that have different units.
b. A ratio is a comparison of quantities that have the same units while rate is a
comparison of two quantities that have different units.
c. A ratio is a statement that have two ratios while rate has to be distributed to two or
more unequal parts.
40. Which of the following BEST differentiate between markdown and markup?
a. Markdown s the reduction in the regular selling price of a product while markup
is often expressed as a percent of a products cost
b. Markdown is computed from the regular selling price of a product and the
markup is the cost spent to produce a product
c. Markdown is used after a product has been sold and the markup is a fraction
of the cost of the product
d. Markdown is the net factor while markup is used to set selling price
41. A brand of ACER laptop computer from a computer store has an increase of
25% as instructed by the company’s president to set the new retail price. What
is the markup of laptop which costs the store of 35, 500 Php?
a. 8,375.00 Php b. 8,575.00 Php c. 8,875.00 Php d. 8,895.00 Php
42. Refers to item number 41, what is the selling price?
a. 41,500.00 Php b. 42,750.00 Php c.43,500.00 Php d. 44,375.00 Php
For items number 43-45
An internet shop obtains a loan of 150,000 Php from a lending company based on a simple
interest rate of 10.25% payable in two years.
43. What is the interest after two years?
a. 30,750.00 Php c. 31,250.00 Php
b. 31,000.00 Php d. 31, 500.00 Php
44. What is the maturity value of the loan?
a. 180, 250.00 Php c. 180, 750.00 Php
b. 180, 500.00 Php d. 181, 000.00 Php
45. What is the monthly amortization if the shop wishes to pay the loan through
monthly instalments?
a. 7, 531.25 Php c. 7, 531.75 Php
b. 7, 531.50 Php d. 7, 532.00 Php

For items number 46-50 ( Show your solutions at the back of your answer sheet).
On the first week of May a Farmer harvested 2000 kg of mango, on the second 3500 kg,

on the third 1250 kg, and on the fourth week 850 kg.
46. What is the total harvest in kilograms of mango for the month of May?
a. 7, 602 c. 7, 604

b. 7, 604 d. 7, 606

47. If the average farm gate price of mango is 85 Php after the four harvests,
what is the farmer gross revenue?
a. 648, 096.07 Php c. 648,196.05 Php
b. 648, 100.02 Php d. 648,246.07 Php
48. Granting the price of mango in per kilogram increased by 15 Php for that
month, what is the farmer expected gross revenue?
a. 767,832.30 Php c. 787,834.90 Php
b. 777,833.60 Php d. 797,835.20 Php
49. Hypothetically the price of mango per kilogram decreased by 10 kg Php for
that month, what is the new gross revenue of the farmer?
a. 57, 0172 Php c. 57, 0174 Php

b. 57, 0174 Php d. 57, 0176 Php

50. Assuming that the total amount that will be paid by the buyer, referring to
item number 47 and a Farmer grants a discount series of 20%, 15%,and 5%.
What is the net price after a series of 3 discounts?
a. 418, 670.06 Php c. 478,005.85 Php
b. 448, 003.82 Php d. 498,701.36 Php

GOOD LUCK & GOD BLESS!!!