MATH OF INVESTMENT

Which of the statement/s is/are true?

I. Principal is the same as the present value.

II. Maturity value is the same as the future value.

• A. I only

• B. II only

• C. Both I and II

• D. Neither I and II

Which of the statement/s is/are true?

I. Selling price is the discounted price of an item.

II. Sale price is the price at which the item is actually sold.

• A. I only

• B. II only

• C. Both I and II are true

• D. Neither I and II is true

Which of the following formula/s is/are true?

I. Profit = Cost - Net sales

II. Loss = Net sales - cost

III. Interest = PRT

• A. I only

• B. II only

• C. III only

• D. I, II, and III are true

• E. Neither of the them is true

What is the single discount rate of the discount series 20%, 10%, and 5%?

• A. 35%

• B. 30.6%

• C. 31.6%

• D. 68.4%

The difference in the retail price and cost price is called _____________.

• A. Profit

• B. Mark Up

• C. Compound Interest

• D. Maturity Value

The amount of money received by an employee or agent for performing a business transaction is called __________.

• A. Profit

• B. Commission

• C. Simple Interest

• D. Mark Up

Martin bought 18 chairs at P350 per chair. He sold 12 of them for P450 per chair and the remaining chairs at P300 per chair. Calculate his gain or loss percent.

• A. 14.29% Gain percent

• B. 14.29% loss percent

• C. 900 Gain percent

• D. 900 loss percent

Convert 15% per year to the equivalent monthly rate.

• A. 0.125%

• B. 1.25%

• C. 12.5%

• D. 125%

Convert 1.5% per month to the equivalent annual rate.

• A. 15%

• B. 16%

• C. 17%

• D. 18%

Elena wants to use her credit card to buy P10,000 worth of items payable in 10 months at 15% per year on a monthly basis. How much is the interest?

• A. P1,250

• B. P12,500

• C. P2,000

• D. P3,500