GENESIS COLLEGES, INC.

Formerly: Genesis Children’s Growth Academy Corp.

San Francisco, Ocampo, Camarines Sur

BUSINESS MATHEMATICS
Name: ______________________________________ Grade & Section: _______________

” Trust yourself, you know more than you think you do.”-Benjamin Spark
Good Luck!
I. MULTIPLE CHOICE
Direction: Read and analyze each item carefully. Choose the letter corresponding to the correct answer for each of
the questions provided below.

1. This is the initial step in addition and subtracting two or more fractions, and it is also known as the Least
Multiple.
a. Fraction c. Least Common Numerator
b. Least Common Denominators d. Greatest Common Factor
2. What kind of fraction is whose Common numerator is less than the denominator?
a. Proper Fraction c. Improper Fraction
b. Perfect Fraction d. Whole Number
3. What is the percent form of ?
a. 0.425% b. 4.25% c. 42.5% d. 425%
4. A shirt is discounted at 30% of its regular price. Which value is equivalent to 30%?
a. b. c. d.
5. What is 0.35 of 120?
a. 19 c. 42
b. 25 d. 55
6. Which of the following statements shows percent?
a. All stores were closed to lessen the spread of the virus.
b. Juancho has finished the whole job in a day only.
c. Gabriela bought a pair of shoes at 35% discount.
d. All students are present in the class.

7. There are 25 students performing in graded recitation in Business Mathematics. Of the students, 11 are
boys. What decimal represents the fraction of students that are boys?
a. 0.11 c. 0.25
b. 0.44 d. 0.76
8. To pass the test, Christopher must answer 0.75 of the questions correctly. What percentage is this?
a. 7.5% c. 75%
b. 0.75% d. 70.5%
9. Percent is always out of _______?
a. 10 c. 100
b. 10,000 d. 1,00
10. It is used for comparing two quantities of the same kind
a. Ratio c. Percentage
b. Proportion d. Decimals
 11. Due to Covid-19 pandemic, only 85% of the previous students enrolled in a particular school. What is 85%
in decimal form?
a. 0.85 c. 0.0085
b. 0.085 d. 0.00085

12. If a liter of gasoline costs ₱52.75, how much will you pay if you are going to buy 4.5 liters?
a. ₱236.25 c. ₱237.375
b. ₱228.375 d. ₱237.75

13. A statement that two ratios are equivalent called ___________.

a. Ratio c. Percentage
b. Proportion d. Decimals
14. When two or more quantities increase or decrease in the same ratio, then their relationship is called a -
____________.
a. Direct Proportion c. Inverse Proportion
b. Indirect Proportion d. Partitive Proportion
15. What is the fourth term in a proportion if the first three terms are 10, 40, and 20, respectively?
a. 25 c. 60
b. 50 d. 80
16. Find the value of the indicated variable in proportion. .
a. 12 c. 54
b. 4x d. 56
17. Solve for x in proportion .
a. 4 c. 15
b. 12 d. 36

18. The difference between the original selling price and the reduced price.
a. Markup c. Selling Price
b. Markdown d. Margin

19. It is the amount added to the cost of merchandise to obtain a higher amount known as its selling price.
a. Markup c. Selling Price
b. Markdown d. Margin

20. George has saved ₱5000.00 in his savings account. If he has to buy a book which costs 12.5% of his savings,
what is the amount of the book?
a. ₱500.00 c. ₱775.00
b. ₱625.00 d. ₱1250.00
18-19. One gallon paint is regularly priced at ₱2,600.00 is on sale for ₱1,900.00.

21. What is the Markdown?

a. ₱1,900.00 c. ₱4,500.00
b. ₱700.00 d. ₱2,600.00

22. What is the Markdown rate?

a. 26.92% c. ₱700.00
b. 26.26% d. ₱1,900.00
23. A seller of books wanted a mark-up based on cost of 20%. If his book costs ₱550, how much will be the
mark-up?
a. ₱27.50 c. ₱2,750
b. ₱110.00 d. ₱1,100.00

24. The list price of an electric fan is ₱1,200. Allan can buy the electric fan at the list price less 20%. How much
will Allan pay?
a. ₱960 b. ₱240 c. ₱1,104 d. ₱1,176

25. France sold her craft at a selling price of ₱750. The cost of her craft amounts to ₱475. What is the mark-up
percentage?
a. 0.37% b. 0.67% c. 37% d. 67%

26. What is the result when the net sales of goods is more than its cost?
a. break-even b. cost c. loss d. profit

27. What is the sum of the mark-up and the cost price?
a. Cost b. loss c. profit d. selling price

28. Gino brought a bracelet for only ₱48 which was regularly priced at ₱60. What is the mark-down rate of the
bracelet?
a. 12% b. 20% c. 48% d. 52%

29. A cafeteria owner earned ₱3,200.00 for the day. Looking at her notebook, she noted that she has spent
₱1,000.00 on ingredients, ₱550.00 on cups or utensils, and ₱150.00 on transportation. Determine her profit
for the day.
a. ₱3,000.00 c. ₱2,000.00
b. ₱1,500.00 a. ₱2,500.00

30. Which of the following shows the Markup?

a. In a technology store, the price of brand new mobile phones at ₱20,000.00was sold at ₱15, 999.00
b. During the 7.7 Sale, one pair of shoes originally priced at ₱4,500.00 was sold ₱3,999.00
c. A dealer bought 30 sacks of sweet potato, each sack the original price is ₱100.00 but the 30 sacks were
sold at ₱3,600.00
d. Retail Price=₱150.00, Sales Price=₱99.00

31. On Valentine’s Day, Four sells roses for ₱180/bouquet. But on a regular day, he sells them at ₱120/bouquet.
How much is the mark-on he imposed?
a. ₱30.00 b. ₱45.00 c. ₱60.00 d. ₱75.00

32. It is a form of compensation but with no fixed salary of the agent. It is only the commission of sales that the
agent will get from the company.
a. Straight Commission
b. Salary-Plus-Commission
c. Graduated Commission
d. Commission On Installment Basis

33. Judelyn is a real estate sales agent who receives a straight commission of 5% for every property that she
sells. If she successfully sells a house for ₱ 5,000,000. How much will she get paid?
 a. ₱ 100,000 c. ₱ 210,000
b. ₱ 200,000 d. ₱ 250,000

34. It is the commission divided into a certain number of payments depending on the number of periods that
has been agreed upon.
a. Straight Commission
b. Salary-Plus-Commission
c. Graduated Commission
d. Commission on Installment Basis

35. The amount received by an employee after all taxes and contributions have been deducted from the gross
income.
a. Salary c. Gross earnings
b. Wages d. Net earnings

36. It is the total amount that people earn in exchange of the goods, employment, businesses, investments and
professional services that they have rendered.
a. Salary c. Income
b. Wages d. Benefits

37. It is a fixed amount of money that an employee typically receives on a monthly or bimonthly basis, but it
may also be expressed as an annual sum.
a. Salary c. Income
b. Wages d. Benefits

38. It is the amount earned by any person before subtracting the taxes, benefits, loans, and other possible
deductions.
a. Salary c. Gross earnings
b. Wages d. Net earnings

39. Which of the following is NOT an example of benefits?

a. Meal and transportation allowance
b. Vacation and sick leaves
c. Monthly Salary
d. Hospitalization Benefits

40. A policeman gets a basic salary of ₱ 25,000 per month, a living allowance of ₱ 2,500 per month and a hazard
pay of ₱ 12,000 per year. How much is his annual gross income?
a. ₱ 342, 000 c. ₱ 34,200
b. ₱ 390, 500 d. ₱ 39, 500

41. Xander works as an employee in a rural bank. If he earns ₱360,000 in a year, how much is his monthly
salary?
a. ₱ 10,000 c. ₱ 36,000
b. ₱ 30,000 d. ₱ 60,000

42. Dr. Gonzaga is earning a monthly salary of ₱138,000. How much does she earn in a year?
a. ₱1,380,000 b. ₱1,518,000
 c. ₱1,656,000 d. ₱1,794,000

43. Jushiel works in a tutorial center that pays her ₱75 an hour. She works 6 hours a day on weekdays and 4
hours every Saturday. She rests from work on Sundays. How much is Jushiel’s weekly wage?
a. ₱750 c. ₱2,550
b. ₱2,250 d. ₱2,850

44. These are the amount of money that the government requires people to pay according to their income, and
the value of the property for the support of the government.
a. Benefits c. Income
b. Taxes d. Salary

45. Which of the following is not included in the benefits of the wage earners?
a. Income c. Holiday pay
b. Premium pay d. Service Charge

46. It is the amount that hotels, restaurants, and similar establishments receive from their clients as payment
for performing certain services.
a. Taxes c. Holiday pay
b. Income d. Service Charge

47. It refers to the additional compensation required by law for work performed within 8 hours on non working
days such as scheduled rest days and special holidays.
a. Minimum wage c. Holiday pay
b. Premium pay d. Overtime pay
48. It is an additional compensation given to an employee who renders service beyond the maximum number
of working hours per day.
a. Minimum wage c. Holiday pay
b. Premium pay d. Overtime pay

49. Roderick rendered 6 hours more than his required working hours during a mall sale. If he is paid ₱65 an
hour, how much is his overtime pay?
a. ₱390 c. ₱910
b. ₱450 d. ₱1,170

50. An employee earns ₱714.50 per day. On each of his 2 rest days, he worked for 8 hours. Calculate the
premium pay he received.
a. ₱178 c. ₱1,429
b. ₱356 d. ₱2,143.50

Good Job! You did well. Keep going! 