1. A manufacturer can cover its cost and make a reasonable profit if it sells its product for ₱ 350.00. At what price should the product be listed so that a discount of 35% can be allowed?

2. If a popular shoe brand promotes this discount of 20/10/5 for a minimum volume of 250 pairs of shoes. Assuming that the unit selling price of the shoes is ₱ 2, 500.00, how much will the distributor pay for each pair of shoes if purchased a minimum of 250 pairs?

3. Susan sells sacks of rice with free delivery to her customers. She buys her supply of rice from a rice trader at ₱ 2, 000.00 per sack. She sells it to her customers at a price with 20% mark-up based on cost. Susan rent a store space (inclusive of water and light) near the public market for ₱5, 000.00 a month. During a month of operation, she also incurs gasoline expenses of ₱ 2, 000.00, and pay wages of ₱ 3, 000.00 to her driver. Will Susan gain a profit or a loss?

4. At the beginning of a certain year, the inventory of Liz' Skin Care and Spa was ₱ 175, 364.21, and purchases during the year amounted to ₱ 50, 789.64. At the end of that year, the manager had checked that they have remaining inventory of ₱ 75, 643.89. Determine the cost of goods sold.

5. Assume that you wish to purchase a house and lot worth ₱ 2, 205, 600.00 and the seller requires a 20% down payment. How much is the mortgage loan?

6. Assume that you wish to purchase a house and lot worth ₱ 2, 205, 600.00 and the seller requires a 20% down payment. Then you will loan the balance from a bank that charges 7.5% annual interest rate to be paid for 20 years. How much is the monthly amortization?

7. John is earning a commission of 3% on all his sales other than his basic salary of ₱10,000. How much is his take home pay in a month where his sales amount to ₱75,000?

8. A salesman agreed to have a monthly basic pay of ₱12,000 plus a commission of 8% on all sales above ₱75,000. How much is his take home pay in a month where his total sales amounted to ₱120,000?

9. A minimum wage earner in Manila is paid ₱ 481.00 for an 8-hour workday. If he works for 20 days in one month, then how much will be the monthly gross earnings?

10. Mrs. Suing, a teacher, gest a monthly salary of ₱ 25, 000.00 and a rice subsidy of ₱2, 000.00. On the other hand, every month, Mrs. Suing has to pay an amount of ₱ 288.33 for income tax, ₱ 375.00 for PhilHealth, ₱ 100.00 for PAGIBIG and ₱ 2, 250.00 for GSIS contributions. What is her monthly net income?

11. Based on RA 9849, how many are the regular holidays celebrated in the Philippines?

12. These are benefits provided on top of the employee's basic compensation for his or her general welfare. These benefits are relatively of small value and are not considered as part of the taxable compensation of the employee.

13. Which of the following is mandated that no withholding tax shall be required on the Statutory Minimum Wage (SMW) of the Minimum Wage earner in the private/public sectors as defined in RR 2-98, as amended by RR 11-2018.

14. If Robert is earning ₱ 10, 500.00 monthly since he was hired in the year 2021, how much is his monthly PhilHealth contribution?

15. An auto mechanic was asked to change the oil and tune up of Mr. Reyes' truck. After finishing the work, Mr. Reyes paid ₱ 800.00 for the service charge. If the shop has 16 employees, how much of the service charge will the mechanic received?

16. The Labor Code prescribes a maximum of 8 hours per day as the normal working hours of employees or 40 hours per week. Hence, additional compensation in the form of overtime pay is paid for worked hours beyond 8 hours. Sam receives a regular wages of ₱ 150.00 per hour. If he has worked 52.50 hours last week, how much will be his gross earnings for the week if he paid an additional of 25% of his hourly wage for regular overtime work?

17. Renan works at ABC Company and earns ₱ 30, 000.00 monthly net income. How much withholding tax will he pay?

18. Robert rendered 4 hours more than his required working hours during a mall sale. If he is paid ₱ 320.00 per day, how much is his total earnings that day? Assume that Robert is required to work 8 hours a day.

19. If Robert's hourly rate is ₱ 40.00 and he worked a total of 10 hours on his rest day, how much is his total overtime pay?

20. Robert's regular hourly rate is ₱ 40.00. Suppose he needed to work on his rest day, which also happened to be Chinese New Year. On that day, he worked for 6 hours more than the regular working hours. How much is his overtime pay?

It is an amount after t years that the lender receives from the borrower on the maturity date.

It refers to an interest that is computed based on the principal and interest accumulated every conversion period.

Which of the following statement is true about the borrower or debtor?

A person (or institution) who invests the money or makes the funds available.

Tell whether the given situation shows SIMPLE or COMPOUND interest.

Nathan deposits Php 55,000.00 in a bank. The bank paid him an interest of 3% (or P1,650.00) annually. After a year, he got back an amount of Php 56,650.

Tell whether the given situation shows SIMPLE or COMPOUND interest.

Diego borrowed P10,000 from a lending institution at an annual rate of 6%. He paid a total interest of P2,400 in 4 years.

Tell whether the given situation shows SIMPLE or COMPOUND interest.

Sara deposited in her bank account P50,000 at an annual interest rate of 1% compounded yearly. She earned an interest of P2,550.50 after 5 years.

Tell whether the given situation shows SIMPLE or COMPOUND interest.

Sandy invested P24,000 in a stock portfolio that earns 7% interest per month. She earned P16,800 after the first month and P17,976 after the second month, for a total of P34,776 for 2 months.

Variable P in simple interest formula when you are the creditor stands for?

Compound interest is favorable to the following except?

1. It is the price at which the item is actually sold?

3. It is also known as discount it is the amount deducted from the selling price of the item?

4. An important principle in retail business is the proper pricing of its merchandise?

5. It is a quick indicator of the profit available to cover cost?

6. A percentage of the cost to be added to determine the selling price of the product?

7. It is a percentage that present how much the earned profit of a business based on its revenue?

8. It is a percentage of the original selling price?

9. It is refer to the difference between revenue and expenses, where businesses typically track their gross profit

10. It is an excess of expenses over revenues, either for a single business transaction or in reference to the sum of all transactions for an accounting period?

11. The profit a business makes after subtracting all the costs that are related to manufacturing and selling its products or services.

12. What do call a type of commission where a person gets paid a salary and a

percentage of his/her sales?

13. What do call a type of commission where the percentage changes based on how much someone sells?

14. What do call a fee paid to person who makes a scale?

15. the percentage or fixed payment associated with a certain amount of sale

16. An employee only receives a percentage of the sales made. No additional compensation is given or guaranteed.

17. This arrangerment is by far the most common employed by organization that use salespeople?

18. it is a commission agreement that the seller gets a percentage of the sales price?

19. It is an approach involves setting up tiers where past a predetermined threshold of sales, an individual's commission rate goes up?

20. It is a percentage of total sales as determined by the rate of commission?