Comprehensive Exam Question (Business Math)

7 5
1. What is − =?
2 2

a. 1
b. 6
1
c.
2
d. 0

Answer: a

10 7
2. What is + =?
8 5
13
a.
17

20
b.
53

53
c.
20

17
d.
13

Answer: c

15 ❑
3. What is the missing number? =
24 8
a. 5
b. 12
c. 6
d. 45

Answer: a

4. If there are 4/10 math books in a school library containing 1800 books in total, what is the
number of math books in the library?
a. 180
 b. 450
c. 45
d. 720

Answer: d

5. 50% of 24 is what?
a. 1200
b. 12
c. 48
d. 1.2

Answer b

3
6. What is as large as 800?
8
a. 300
b. 2133
c. 266
d. 100

Answer a

7. P72.00 is 200% of what amount?

a. P14
b. P144
c. P108
d. P300

Answer d

8. How many percent of P1,200 is P400?

a. 33.33%
b. 50%
c. 77.33%
d. 133.33%

Answer a
 9. Andrea’s current salary is P4,600 a month. Her previous salary was P4,000. What is the
rate of increase in her salary?
a. 600%
b. 200%
c. 45%
d. 15%

Answer d

10. Last semester’s enrollment was 3400. Find the current semester’s enrollment if the rate
of decrease is 20%.
a. 400
b. 870
c. 2720
d. 3420

Answer c

11. What is the cost given the selling price is P480 and a markup of P120?
a. 600
b. 360
c. 120
d. 60

Answer b

12. Determine the markup percentage on cost if the markup is P200 and the cost is P700
a. 28.57%
b. 28.75%
c. 22.22%
d. 23.57%

Answer a

13. Determine the markup percentage on selling price if the markup is P120 and the selling price is
P420
a. 40 %
b. 28.57%
c. 23.57%
 d. 60%

Answer b

14. Determine the selling price if the cost is P600 and the markup percentage is 38.33%
a. P230
b. P830
c. P1250
d. P1700

Answer b

15. What is the selling price if the cost is P400 and the markup is 30%
a. 520
b. 430
c. 900
d. 580

Answer a

16. What is the break-even point in sales (pesos) given the unit price of P15.00, a variable cost of
P5.00 and a fixed cost of P12,000.
a. P9000
b. P12,020
c. P12,150
d. P18,000

Answer d

17. How much would Product X sell if its original price is P8150 given a 15% discount.
a. 8135
b. 6927.5
c. 7000
d. 1,222.50

Answer b

18. LYT Marketing sells a lighting fixture for P8,185.00 less 15% and 5%. DRK Appliances sells
the same lighting fixture for P7,895.00 less 15%. Which has a better offer?
a. LYT Marketing
b. DRK Appliances
c. Both LYT Marketing and DRK Appliances
 d. None of the above

Answer a

19. What is the interest to be paid for P 1,200 for 2 years at 2% per quarter simple interest?
a. P48
b. P24
c. P192
d. P480

Answer c

20. What is the future value for P 1,200 for 2 years at 2% per quarter simple interest?
a. P1248
b. P1224
c. P1392
d. P1680

Answer c

21. Supposed you loaned P 250 000 from the bank with an APR of 5% payable in 30 years,
how much is the monthly payment? Choose the closest amount among the given
choices.
a. P1,342.05
b. P8,832.39
c. P1,982.83
d. P8,339.01
Answer a

22. Given the following: Invoice amount P1,250 and invoice date April 12 with the following
3 n
terms , , payment was made on May 2. What is the net amount due?
10 45

a. P1,212.50
b. P1,250
c. P1,287.50
d. P1350
Answer b
 23. Given the following: Invoice amount P975 and invoice date October 14 with the following terms,
2 1 n
, , payment was made on October 30. What is the net amount due?
10 15 60

a. P994.50
b. P984.75
c. P975
d. 1026.50

Answer c

24. Given the following: Invoice amount P4,315 and invoice date July 9 with the following terms,
3 2 n
, , payment was made on July 24. What is the net amount due?
15 20 9 0

a. P4,185.55
b. P4315
c. P4,401.30
d. P4,293

Answer a

25. What is the actual time between May 22, 2009 to September 2, 2009?
a. 100 days
b. 103 days
c. 106 days
d. 109 days

Answer b

26. What is the approximate time between May 22, 2009 to September 2, 2009?
a. 100 days
b. 103 days
c. 106 days
d. 109 days

Answer a

27. What is the actual time between September 21, 2019 to February 25, 2020?
a. 96 days
b. 154 days
 c. 157 days
d. 161 days

Answer c

28. What is the approximate time between September 21, 2019 to February 25, 2020?
a. 96 days
b. 154 days
c. 157 days
d. 161 days

Answer b

29. What is the actual time between February 14, 2020 to June 18, 2022?
a. 920 days
b. 902 days
c. 855 days
d. 844 days

Answer c

30. What is the approximate time between February 14, 2020 to June 18, 2022?
a. 920 days
b. 902 days
c. 855 days
d. 844 days

Answer d