MABINI COLLEGE OF BATANGAS, INC.

“A Tradition of Excellence”
MIDTERM EXAMINATION IN BUSINESS MATHEMATICS
NAME: _________________________________ RATING: _____
COURSE & YEAR LEVEL: _______________

I. Direction: Read each question carefully. Write the letter of the correct answer on the
space provided.
________1. The sum of the cost, expenses, and profit.
a) selling price c) mark-down
b) mark-up d) margin

________2. The difference between the original selling price and the new selling price
a) mark-on c) mark-down
b) margin d) selling price

________3. The price reduction given to buyers to entice them to buy in large quantities
a) discount c) prize
b) incentive d) penalty

________4. What is the net price if the list price is ₱44,000 and the rate of discount is 1.6%?
a) ₱43,296 c) ₱704
b) ₱70,400 d) ₱433

_______5. What is the amount payable if the net price is ₱78,000 and the rate of discount is 5%?
a) ₱74,100 c) ₱39,000
b) ₱3,900 d) ₱7,401
________6. You want to buy jewelry with an option to choose between a 35% single discount or
a series of discounts of 20%, 25%, and 10%. Which offer will you choose?
a) 35% single discount
b) 25% single discount
c) 20% single discount
d) a series of discounts of 20%, 25%, and 10%
________7. Given the cost amounting to ₱4,750.00 and a mark-up value of ₱3,500.00, compute
the mark-on rate.
a) 42.42% c) 0.7368%
b) 73.68% d) 0.4242%
________8. Given the cost amounting to ₱4,750.00 and a mark-up value of ₱3,500.00, compute
the margin rate.
a) 73.68% c) 42.42%
b) 0.7368% d) 0.4242%
________9. How do you compute margin?
a) multiply the cost by the rate of mark-up
b) divide the mark-up by the cost, then multiply by 100
c) divide the mark-up by the selling price, then multiply by 100
d) multiply the selling price by the rate of mark-up
________10. The old selling price of an item is ₱750.00, and the new selling price is ₱600.00.
How is the mark-down rate computed?
a) add 750 and 600, divide the sum by 750, and then multiply it by 100%
b) subtract 600 from 750, divide the difference by 750, then multiply it by 100%
c) subtract 600 from 750, divide the difference by 600, and then multiply it by 100%
d) add 750 and 600, divide the sum by 600, then multiply it by 100%

Address: J. Panopio St., Poblacion, Mabini, Batangas

E-mail address: mabinicollegeofbatangas@yahoo.com
Tel. Number: 043-487-0117
 MABINI COLLEGE OF BATANGAS, INC.
“A Tradition of Excellence”
II. Direction: Solve for the following problems.

1. A family of five plans to go to a private resort for a vacation for two nights. If they go on
weekends, each person costs Php 1,500 per night. If they go on weekdays, each person costs Php
975 per night. Compute the following:
a. mark-down rate on weekdays
b. the total savings if they go on weekdays.

2. A burger stall sells a burger sandwich at Php 48.00 each. For every two burgers you buy, you
will get the second burger marked-down at 25%. What is the total amount for 15 burgers?

3. An imported shoes lists at ₱6,999 and is offered with a series of discounts of 15% and
10%. A similar bag lists at the same price and is offered at a single discount of 23%.
Which offer is cheaper and by how much?

Prepared by:

Mina A. Dote, LPT

Address: J. Panopio St., Poblacion, Mabini, Batangas

E-mail address: mabinicollegeofbatangas@yahoo.com
Tel. Number: 043-487-0117
 MABINI COLLEGE OF BATANGAS, INC.
“A Tradition of Excellence”
Professor

Address: J. Panopio St., Poblacion, Mabini, Batangas

E-mail address: mabinicollegeofbatangas@yahoo.com
Tel. Number: 043-487-0117