Scribd Logo
Upload

Welcome to Scribd!

  • 126 views

    Business Math - Final Exam

    Uploaded by

    Actor c. Ajhoy
    The document contains a business mathematics exam with multiple choice, fill in the blank, and problem solving questions. The multiple choice section covers topics like mark-up, trade discount, list price, net price, profit, loss, cost, sales, discount, break even point, fixed cost, revenue, interest, commission, and principal. The fill in the blank section requires calculating interest using formulas. The problem solving questions involve calculating percentage gain or loss on items sold and commission earned from sales.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Business Math - Final Exam

    Uploaded by

    Actor c. Ajhoy
    126 views4 pages
    The document contains a business mathematics exam with multiple choice, fill in the blank, and problem solving questions. The multiple choice section covers topics like mark-up, trade discount, list price, net price, profit, loss, cost, sales, discount, break even point, fixed cost, revenue, interest, commission, and principal. The fill in the blank section requires calculating interest using formulas. The problem solving questions involve calculating percentage gain or loss on items sold and commission earned from sales.

    Original Title

    Business Math- Final Exam

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document contains a business mathematics exam with multiple choice, fill in the blank, and problem solving questions. The multiple choice section covers topics like mark-up, trade discount, list price, net price, profit, loss, cost, sales, discount, break even point, fixed cost, revenue, interest, commission, and principal. The fill in the blank section requires calculating interest using formulas. The problem solving questions involve calculating percentage gain or loss on items sold and commission earned from sales.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    126 views4 pages

    Business Math - Final Exam

    Uploaded by

    Actor c. Ajhoy
    The document contains a business mathematics exam with multiple choice, fill in the blank, and problem solving questions. The multiple choice section covers topics like mark-up, trade discount, list price, net price, profit, loss, cost, sales, discount, break even point, fixed cost, revenue, interest, commission, and principal. The fill in the blank section requires calculating interest using formulas. The problem solving questions involve calculating percentage gain or loss on items sold and commission earned from sales.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    BUSINESS MATHEMATICS 11

    Final-term Examination (1ST Semester)

    Name:_________________________________ Date:___________ Score: ______

    I. MULTIPLE CHOICE
    ____1. When the price of a retail product increases fairly soon after another increase is called__________.
    a. Mark-on b. Trade Discount c. List Price d. Net Price
    ____2. The amount by which the retail price of a product is reduced by the manufacturer when it is sold to the
    reseller or costumer.
    a. Mark-on b. Trade Discount c. List Price d. Net Price
    ____3. It is the fee for a service or product before discounts are deducted or sales taxes are added.
    a. Mark-on b. Trade Discount c. List Price d. Net Price
    ____4. The final charge you pay for a product or service after discounts and sales taxes are computed.
    a. Mark-on b. Trade Discount c. List Price d. Net Price
    ____5. The sum of the expenses and profits.
    a. Mark-up b. Mark down c. Rate of Markup d. Rate of Markdown
    ____6. _________ a reduction in the regular selling price of a particular product occurs in response to markets
    conditions.
    a. Mark-up b. Mark down c. Rate of Markup d. Rate of Markdown
    ____7. It is when markup is expressed as a percentage of the cost or selling price.
    a. Mark-up b. Mark down c. Rate of Markup d. Rate of Markdown
    ____8. The percentage obtained by dividing the markdown by the selling price.
    a. Mark-up b. Mark down c. Rate of Markup d. Rate of Markdown
    ____9. The amount of money received from selling goods.
    a. Net Sales b. Profit c. Loss d. Cost
    ____10. The difference between what a merchant invests into business and what he receives in return.
    a. Net Sales b. Profit c. Loss d. Cost
    ____11. The case when the net sales of goods is less than its cost.
    a. Net Sales b. Profit c. Loss d. Cost
    ____12. The amount paid for the goods.
    a. Net Sales b. Profit c. Loss d. Cost
    ____13. A type of discount in which several discounts are given to a costumer at different times and different
    conditions.
    a. Discount series b. Break-Even c. Fixed cost d. Revenue
    ____14. ____ is the case when net sales is equal to cost; it happens when a business has zero profit for a
    particular product.
    a. Discount series b. Break-Even c. Fixed cost d. Revenue
    ____15. The cost necessary to keep the business running regardless of the sales volume.
    a. Discount series b. Break-Even c. Fixed cost d. Revenue
    ____16. It is the product of the price and the quantity sold.
    a. Discount series b. Break-Even c. Fixed cost d. Revenue
    _____17. The charge for the privilege of borrowing money.
    a. Interest b. Commission c. simple interest d. Principal
    _____18. The amount of money received by an employee or agent for performing a business transaction or
    service.
    a. Interest b. Commission c. simple interest d. Principal
    _____19. The interest paid only on the original amount of money or principal.
    a. Interest b. Commission c. simple interest d. Principal
    _____20. The amount money borrowed/ invested from an institutions or cooperatives with interest is paid.
    a. Interest b. Commission c. simple interest d. Principal

    II. FILL IN THE BLANK (18 pts.)


    1.) Find the missing variable using the basic interest formula with complete solutions.
    A. Ordinary Interest Method
    No. Principal Rate Time Interest
    1 7,200 10% 540
    2 6,000 6% 90 Days

    B. Exact Interest Method


    No. Principal Rate Time Interest
    1 11,400 5% 1 month
    2 2,400 7% 23.01
    C. Commission
    No. Total Sales Commission Rate Amount of Commission
    1 40,000 1,500
    2 50,000 5%

    III. PROBLEM SOLVING (12 pts.)


    1. Mr. Hoklong bought 50 dozens of pencils at 80.00 a dozen. Out of these, 30 pencils were found broken.
    He sold the remaining pencils at 8.00 each. Find his percent gain or loss.

    2. Miss Mayumi makes money by commission rates. She gets 15% of everything she sells. If Mayumi sold
    25,000.00 worth of items this month, what is her total salary for the month?

    You might also like

    pFad - Phonifier reborn

    Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

    Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


    Alternative Proxies:

    Alternative Proxy

    pFad Proxy

    pFad v3 Proxy

    pFad v4 Proxy