A DETAILED LESSON PLAN

BUSINESS MATHEMATICS

I. OBJECTIVES
A. Content Standards The learners demonstrate an understanding
of the key concepts of commissions.
B. Performance Standards The learners should be able to analyze and
solve problems on different types of
commissions.
C. Learning Competencies/Objectives a. define interest, principal amount, rate,
time, and maturity value in math
problems;
b. solve problems involving interests and
commissions; ABM_BM11BS-IIb-14
and,
c. appreciate the importance in solving
problems involving interests and
commissions.
II. CONTENT SOLVING PROBLEMS INVOLVING
INTERESTS AND COMMISSIONS

III. LEARNING RESOURCES

A. References 1. Quarter 2 – Module 2: Down Payment,
Gross Balance, Current Increased
Balance, and Solving Interests and
Commissions

2. Business Mathematics
Teaching Guide for Senior High School
– CHED/PNU
1. Learner's Materials page/s 5-17

2. Textbook page/s 115-121

B. Teacher’s Materials  TV
 Laptop
 PowerPoint Presentation
(Slides and pictures)
IV. PROCEDURES
Teacher’s Activity Learners’ Activity

Good afternoon, students! Good afternoon, Sir.

Let us start our class with a prayer. (The students will pray.)
(The teacher will lead the prayer)

Before you take your seats, kindly pick up (The students will pick up the pieces of paper
the pieces of paper and plastic under your and plastic under their chairs and arrange
chairs and arrange them properly. them properly.)

San Gregorio, San Antonio, Zambales

Contact Numbers: 047 222 1845
Email Address: 307107@deped.gov.ph
You may take your seats. (The students will take their seats.)

Is everyone present today? No, Sir!

Who are the absentees? (The class secretary will give the list of
absentees.)

A. Reviewing the previous lesson or

presenting the new lesson

Before we start our new lesson for today, let

us have a review of our previous topic.

Answer the following questions:

 What is a down payment? Sir, a down payment is the first payment that
one makes when one buys something with an
agreement to pay the rest later.

 What is a gross balance? Sir, it is the total amount of money a bank

has on deposit before adjusting for uncleared
checks or deposits, as well as reserve
requirements.

 What is an increased balance?
Sir, it is the total amount you must pay that
includes penalties or interest incurred by
unpaid balance from a loan or payment you
are supposed to have made but were not able
to do so on time.

Very good. Do you have any questions No, Sir.

about those?

B. Establishing a purpose for the lesson
Today we will do the following activity:
Please read:
The teacher will communicate the learning
objectives for the lesson.
1. define simple interests and the key
terms in calculating simple interests.
2. solve problems involving interests and
commissions.

Since we’re done with differentiating and

calculating a down payment, gross balance,
and current increased balance, now, we will
learn how to solve interests and
commissions.

C. Presenting examples/ instances of

the new lesson

San Gregorio, San Antonio, Zambales

Contact Numbers: 047 222 1845
Email Address: 307107@deped.gov.ph
Before that, I want you to watch this video (The students will watch the video attentively.)
carefully.

Activity 1: Video Analysis:

Processing Questions:

What can you say about the video? Sir, the video is promoting loan or borrow
money to start a business.

That’s right. Is it bad or good to borrow Sir, it is good to borrow money especially if
money? Why? you will the money for business.

That’s correct. However, in borrowing

money, or loaning money you must be well
informed about its interest.

That is why, today, we will discuss simple

interests and how to calculate them.

D. Discussing new concepts and Topic:

practicing new skills #1  Solving Simple Interest and
Commission.

First, let’s define what is an interest. Please Definition of Interest:

read.
Interest
 It is the monetary charge for the
privilege of borrowing money.

 It refers to the method of calculating

the interest amount for some
principal amount of money.
Thank you. So, technically, interest is the
charge for your loaned money.

There are a lot of types of interests. Today,

we will only be discussing simple interests.

Simple interest has a formula. Please read. Interest = PRT, wherein;

Principal – the amount of borrowed money

Rate – the percentage

San Gregorio, San Antonio, Zambales

Contact Numbers: 047 222 1845
Email Address: 307107@deped.gov.ph
 Time – in years/months

Maturity Value = Interest + Principal Amount

For us to better understand simple interest,
let have an example. Please read.
Example 1 (Interest)
Damaso borrowed money worth PhP36,000
per annum with an interest rate of 12% per
month for 6 months. How much is the
interest?

Sir, the formula is:

What is the formula?
Interest = PRT

Sir, the given are:

What are the given?
Principal = 36,000
Rate = 12% ------ > 0.12
Time = 6 months ----- > 6/12 (since it is per
annum)

Sir, the solution is:

Interest = Php36,000 x 0.12 x (6/12)
How do you compute it? Interest = Php2,160

Now, you got the interest, let’s find the

maturity value. Sir, the Maturity Value = Interest + Principal
= Php2,160 + Php36,000
How much will be the maturity value?
Maturity Value = Php38,160

No, Sir.

Very good. That is the simple interest. Do

you have any questions?
Example 2 (Commission)

Mr. Valle works in a commission only shop in

Since we’re done discussing commissions,
Olongapo. His boss gave him 5% commission
let’s just have an example today. Please
in every sale he can make. He happened to
read.
sell a washing machine worth Php25,000.
How much is his commission for this?

Sir, the Formula is:

Commission = Commission Rate x Total Sales
What is the formula for commission? Sir, the given are:
Commission Rate = 5% ----- > 0.05

San Gregorio, San Antonio, Zambales

Contact Numbers: 047 222 1845
Email Address: 307107@deped.gov.ph

What are the given?
How much is the commission?
Very good. Do you have any questions
about solving simple interest and
commission?
E. Developing Mastery (leads to
formative assessment)
Let’s see if you really understood the
lesson. Let’s have some problems here and
I want you all to answer them.
Activity 2: Problem Solving
Please read the first problem.
Please read the second problem.
Write your answer in your notebook. We
will check after everyone is done.
F. Finding Practical Application of
Concepts and skills in daily living
G. Generalizing and abstractions about
the lesson
H. Evaluating Learning
Let’s have a quiz about the lesson for today. 1. What is the given formula for interest?
Directions: Please answer the following
questions. This will help you retain all the
knowledge that we discussed.
San Gregorio, San Antonio, Zambales
Contact Numbers: 047 222 1845
Email Address: 307107@deped.gov.ph
Total Sales = Php25,000
Commission = 0.05 x Php25,000
Commission = Php1,250
No, Sir.
1. Dr. Tan borrowed Php50,000 from a bank
with an interest rate of 8% per annum for 5
years.
a. How much is the interest? Php20,000
b. How much will be the maturity value?
Php70,000
2. Rey is a sales agent that has a basic salary
of Php18,000. He also gets 7% commission
from the things he can sell. Fortunately, he
sold items worth Php89,000 last June.
a. How much is his commission? Php6,230
b. How much are his total earnings for the
month of June? Php24,230
 How will you apply today’s learning in
everyday life?
Processing Questions:
1. What is an interest?
2. Differentiate principal, time, rate and
maturity value.
A. Identification
2. Enumerate the 4 key terms for interest.
B. Multiple Choice
1. What is the formula for Maturity Value?
 a. Rate + Interest
b. Interest x Principal
c. Interest + Principal
d. Rate x Interest
2. Which refers to the amount of borrowed
money?
a. Principal
b. Time
c. Interest
d. Rate
3. What will you do if the time given is in
months?
a. Subtract it by 12
b. Multiply it by 12
c. Add 12
d. Divide it by 12
4. What is the formula for interest?
a. I = PRT
b. I = T/PR
c. I = P/RT
d. I = IRT
5.The following are needed in computing
Interest, EXCEPT?
a. Commission Rate
b. Principal
c. Interest Rate
d. Time
I. Additional activities for application Research the concept of salary and wage.
or remediation

San Gregorio, San Antonio, Zambales

Contact Numbers: 047 222 1845
Email Address: 307107@deped.gov.ph