Republic of the Philippines

Department of Education
Region V (Bicol)
Schools Division Office

RINCONADA NATIONAL TECHNICAL VOCATIONAL SCHOOL

Sto. Domingo, Iriga City

Name: _________________________________________ Date: __________

Section: ________________________________________ Score: _________

Business mathematics
SUMMATIVE TEST

1. Tiffany is a car sales agent. She is paid commission only at the rate of 2.5%. For the current month,
she sold two cars totaling ₱ 1,875,000.00. What would be his gross earnings assuming a basic salary
of ₱ 12,500.00?
2. McKim is a sales agent for Fly High Realty. She is paid in commission only. She is given a 2%
commission on her sales. For the current month, her sales was ₱ 1,035,000.00. What was her
commission?
3. Jozel is a product manager earning a semi-monthly salary of ₱ 5,500.00. She is given a commission
of 2.5%. Compute for the gross earnings in one month she sold ₱ 50,000.00.
4. Rina, a university assistant professor in a state university gets a monthly salary of ₱45,720.25. How
much will he receive if the salary is given semi-monthly?
5. Alliah, a promodiser selling appliances in a department store receives her pay check bi-weekly. If the
daily rate is ₱700 and works 5 days a week, how much will she receive every pay day?
6. Ms. Marygrace, a manager of the ABM Company earns ₱ 426,020.75 annually. If she is paid monthly,
how much does she get on her paycheck?
7. Ms. Ocbian works as an accountant and gets a salary of ₱17,625.50 which is given semi-monthly.
How much will be her annual salary?
8. Mary Lyn, a minimum wage earner in Metro Manila is paid ₱543.65 for an 8-hour workday. What is his
hourly wage?
9. Kristine works as a math tutor and is paid ₱250 per hour. How much wage does she earn for a 12-
hour per week of work?
10. Francine, a minimum wage earner in Metro Manila, is paid ₱16,452.08 monthly. As a minimum wage
earner, she is exempted from paying income tax but she needs to pay her monthly contributions.
Solve for the net pay.
11. Ms. Son, an engineer in ABM Company, receives the following salaries and benefits. Using your
knowledge on benefits and standard deductions, help her complete the missing values. Round off
your answers to the nearest centavo.
EARNINGS DEDUCTIONS
Basic Salary ₱ 30,250.00 Income Tax
Rice Subsidy ₱ 2,000.00 GSIS
Clothing Allowance ₱ 300.00 PhilHealth
Medical Assistance ₱ 250.00 PAGIBIG
Total Earnings Total Deductions
Net Pay