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    Business Mathematics First Quarter Examination

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    This document contains a business mathematics exam for senior high school students covering topics like fractions, decimals, percentages, profit, cost, revenue, and markup. The exam has two sections - a true/false section with 5 questions and a multiple choice section with 15 questions. The multiple choice questions test students' understanding of concepts like finding the rate, determining fractions of a whole, adding and comparing decimals and fractions, calculating profit, and marking up costs to determine selling prices.

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    Business Mathematics First Quarter Examination

    Uploaded by

    Teds TV
    1K views2 pages
    This document contains a business mathematics exam for senior high school students covering topics like fractions, decimals, percentages, profit, cost, revenue, and markup. The exam has two sections - a true/false section with 5 questions and a multiple choice section with 15 questions. The multiple choice questions test students' understanding of concepts like finding the rate, determining fractions of a whole, adding and comparing decimals and fractions, calculating profit, and marking up costs to determine selling prices.

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    BUSINESS MATHEMATICS

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    This document contains a business mathematics exam for senior high school students covering topics like fractions, decimals, percentages, profit, cost, revenue, and markup. The exam has two sections - a true/false section with 5 questions and a multiple choice section with 15 questions. The multiple choice questions test students' understanding of concepts like finding the rate, determining fractions of a whole, adding and comparing decimals and fractions, calculating profit, and marking up costs to determine selling prices.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    1K views2 pages

    Business Mathematics First Quarter Examination

    Uploaded by

    Teds TV
    This document contains a business mathematics exam for senior high school students covering topics like fractions, decimals, percentages, profit, cost, revenue, and markup. The exam has two sections - a true/false section with 5 questions and a multiple choice section with 15 questions. The multiple choice questions test students' understanding of concepts like finding the rate, determining fractions of a whole, adding and comparing decimals and fractions, calculating profit, and marking up costs to determine selling prices.

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    BUSINESS MATHEMATICS

    (Senior High School)


    FIRST QUARTER EXAMINATION
    S.Y. 2020 – 2021

    Name: Date: Score:

    TEST I. TRUE OR FALSE

    Directions: Write TRUE if the statement is correct. If NOT then write FALSE.

    TEST II – MULTIPLE CHOICE


    Direction: Encircle the letter of the correct answer.

    10. Five students (namely A, B, C, D, E) are to share equally with each other one bilao of suman for their
    snacks. If for some reason, B has to leave and decides to give her share to C, what fraction of the suman
    will C have?
    1 2 3 1
    a. b. c. d.
    5 5 5 6
    11. Which of the following statements in NOT true?
    a. The LCD is equal to the product of all the unique prime factors found in the denominators.
    b. To add/subtract fractions with different denominators, we first convert the fractions to similar fractions.
    c. A complex fraction may be simplified by reducing the entire numerator and/or entire denominator into
    single fractions and applying the rule on division of fractions.
    d. Relatively prime numbers are positive integers which have common prime factors

    12. A car travels 120 km on 10 liters of gas. Give the ratio of kilometers to liters (the rate) and express as a
    unit rate.
    a. 12 kilometers/liter b. 120 kilometers/liter c. 10 kilometers/liter d. 12 liters/ kilometer
    13. Len bought a lot measuring 450 square meters. If 25sq.m. is allotted for a storage room, what fraction
    of the entire lot is the storage room?

    1 1 25
    a. b. c. d. 18
    50 18 45

    14. Which of the following holds TRUE about decimals and fractions?
    a. Adding fractions such as involves a shorter process compared to adding its decimal
    counterparts 0.1 + 0.4 + 0.25.
    b. It is more difficult to identify which is smaller or larger between decimals as compared to fractions.
    c. Addition of fractions would involve determination of the least common denominator and
    conversion to similar fractions, whereas adding decimals is just like adding whole numbers.
    d. None of these.

    15. Which of the following would best describe how profit is being determined?
    a. Subtract the sum of the cost price and operating price from the selling price
    b. Add the sum of the cost price and operating price from the selling price
    c. Subtract the sum of the cost price and selling price from the operating price
    d. None of these.

    16. Which of the following best describes a markup?


    a. It is the amount added to the cost of merchandise to obtain a higher amount known as its selling price?
    b. It is the difference between the cost of the merchandise and the profit.
    c. It is the amount added to the cost of merchandise to obtain a lower amount known as its selling price?
    d. It is the sum between the cost of the merchandise and the profit.

    17. A carinderia owner earned a total of ₱ 5,650.00 for the day. Looking at her notebook, she noted that she has
    spent a total of ₱ 3,125.00 on the same day to cover all the ingredients and other things she used for her store.
    Which formula would determine her profit for the day?
    a. Cost =Profit+ Revenue b. Profit=Revenue−Cost
    c. Profit=Revenue+Cost d. Cost =Profit−Revenue

    18. Find the fractional equivalent of 0.54545454…


    a. 54 /100 b. 54 / 99 c. 54 /999 d. 54/99

    19. A top costs Mang Mario ₱ 280 and he decides to mark it up by 30% of the selling price. Find the selling price and
    mark-up for the said top.

    a. S=₱ 420; MU=₱ 100 b. S=₱ 44150; MU=₱ 130 c. S=₱ 400; MU=₱ 120 d. S=₱ 390; MU=₱ 120

    20. Peter decides to impose a mark-up of ₱ 5 on each pen he sells to his classmates and friends. This represents a
    20% mark-up based on the selling price. Find the cost and the selling price of the pens Peter sells.

    a. S=₱ 20; C=₱ 25 b. S=₱ 25; C=₱ 20 c. S=₱ 23; C=₱ 24 d. S=₱ 27; C=₱ 22

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