Review Drill B

True or False?

The discount price is subtracted to the original price to know how much we pay for an item after the discount.

• True

• False

True or False?

The final price of an item after applying a discount is always less than the original price.

• True

• False

True or False?

A quarter of the original price will be deducted if an item will have a 75% off.

• True

• False

True or False?

A 25% commission on sales means you earn half of the total amount from the total sales.

• True

• False

True or False?

The simple interest is calculated by multiplying the original principal and the interest rate, and time.

• True

• False

Read and solve the problem.

How much interest will be charged on a loan of Php 98,700 at 2% annual interest rate at the end of a year?

Read and solve the problem.

Your mother put Php 640,000 in time deposit in a bank for your college tuition fee. If the bank gives you 0.75% simple interest annually, how much will her total savings be for your tuition fee in 2 years?

Read and solve the problem.

The original price of a book is Php 570. A student was asked to pay only Php 456 only. What percent of discount he gets?

Read and solve the problem.

What is the commission made on a sale worth Php 2,250 with an 8% commission rate?

Read and solve the problem.

Ms. Mae bought a bag which was originally priced at Php 5,600. The bag is on sale at 15% less than the original price. What is the cost of the bag now?