Review Quiz in Business Mathematics

If you were to convert 89% in decimal form, what does it looks like?

Which is an example of an inverse proportion?

• 1 guide: 3 tourist = 4 guides: 12 tourists

• 3 meters: 5 frames = 12 meters: 20 frames

• 20 atm: 10 atm = 4 L: 2 L

• 1x+2x+3x: ₱50 = ₱600: x

Night market sellers in a baratilyo lower their prices when they want to sell out old stock of products. What do we call this price reduction?

• Mark-down

• Mark-up

• Mark-on

• Margin

What is the term used to describe the extra price increase applied to a product specifically during holiday periods or special occasions it is computed by getting the difference of the new selling price and selling price?

• Mark-up

• Mark-on

• Mark-down

• Margin

Numerically, margin is a percentage of selling price, while mark-up is a __________.

• Cost Divisor

• Cost Difference

• Cost Multiplier

• Cost of Goods Sold

Margin: _______; Mark-up: Cost.

• Sales

• Profit

• Loss

• Raise

What is margin in business?

• The total revenue generated from sales.

• The percentage increase in the selling price.

• The difference between the selling price and the cost of goods sold.

• The percentage of profit after accounting for the cost of goods sold.

On a Teachers’ Day, Jinky sells roses for 180/bouquet. But on a regular day, he sells them at 120/bouquet. How much is the mark-on he imposed?

____ is the fraction for 0.32.

What part of 1/4 is 1/6?

• 1/4

• 1/8

• 1/2

• 1/16