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5 BUSINESS MATH

Total questions: 150

Worksheet time: 3hrs 30mins

Name
Class
Date
1.

Convert the Fraction to Decimal


13/20

(a)  

2.

Convert the Fraction to Decimal


15/20

(a)  

3.

Convert the Fraction to Decimal


2/20

(a)  

4.

Convert the Fraction to Decimal


9/10

(a)  

5.

Convert the Fraction to Decimal


1/2

(a)  

6.

Convert the Fraction to Decimal


1/5

(a)  

7.

Convert the Fraction to Decimal


2/3

(a)  

8.

Convert the Fraction to Decimal


7/9

(a)  

9.

Convert the Fraction to Decimal


4/5

(a)  

10.

Convert the Fraction to Decimal


9/20

(a)  

11.

Convert the Fraction to Decimal


1/3

(a)  

12.

Convert the Fraction to Decimal


3/5

(a)  

13.

Convert the Fraction to Decimal


6 /10

(a)  

14.

Convert the Fraction to Decimal


2/5

(a)  

15.

Convert the Fraction to Decimal


614

100,000

(a)  

16.

Convert the Fraction to Decimal


6 49 /100

(a)  

17.

Convert the Fraction to Decimal


49/100

(a)  

18.

Convert the Fraction to Decimal


9    12/10000



(a)  

19.

A salesperson sold a chair for P680.00 and a Pillow for P200.00. If the commission rate is 12.5%, find the person’s commission.

a)

P 90.00

b)

P 25.00

c)

P 85.00

d)

P 110.00

20.

A person bought a secondhand car for P87,000 and made a 15% down payment. How much was the down payment?

a)

P 6, 430.00

b)

P 1, 305.00

c)

P13, 050.00

d)

P 643.00

21.

Department Store employs 125 people and must hire an additional 20% for the holiday season. What is the total number of employees needed for the holiday season?

a)

20

b)

25

c)

15

d)

10

22.

A suit that is normally sold for P16,750 is on sale at 12% off. How much will be saved by purchasing the suit while it is on sale?

a)

P12,000.00

b)

P14,740.00

c)

P12

d)

P2,010.00

23.

The market price of a share of stock one year ago was P50. Since then, the market price has increased by 8%. Find the increase in the market place.

a)

P4.00

b)

P50

c)

P8.00

d)

P12

24.

A numerical quantity that is not a whole number.

a)

FRACTION

b)

PERCENTAGE

c)

DENOMINATOR

d)

DECIMAL

25.

A rate, number, or amount in each hundred.

a)

PERCENTAGE

b)

DECIMAL

c)

FRACTION

d)

RATIO

26.

Add: 0.1 + 1.1 + 1.001 + 11.01

a)

13.111

b)

11.111

c)

13.211

d)

13.22

27.

Round off 15.125 pesos to the nearest centavo.

a)

15.12

b)

15.13

c)

15.11

d)

15.10

28.

What is 5% of 20?

a)

1

b)

2

c)

5

d)

10

29.

What part of 17 is 51?

a)

13\frac{1}{3}

b)

112\frac{1}{12}

c)

15\frac{1}{5}

d)

25\frac{2}{5}

30.

Perform the indicated operation: 121413\frac{1}{2}-\frac{1}{4}-\frac{1}{3}  

a)

112-\frac{1}{12}

b)

112\frac{1}{12}

c)

512\frac{5}{12}

d)

712\frac{7}{12}

31.

0.02 is read as _____.

a)

2 tens

b)

2 hundreds

c)

2 tenths

d)

2 hundredths

32.

Similar Fractions have the same denominators.

a)

True

b)

False

33.

A fraction n/d is said to be in lowest term if the greatest common factor of n and d is 0.

a)

True

b)

False

34.

To change mixed number to improper, multiply the denominator to the whole number then add it to the numerator.

a)

True

b)

False

35.

At a movie premiere, the number of children, men and women who attended were in the ratio 2:3:4. If 236 children watched the premiere, how many persons were in the audience?

a)

826

b)

1500

c)

980

d)

1062

36.

If the tuition fee in a certain school increased by 12% and last year’s tuition fee was P35,000, what is the new tuition fee?

a)

P4,200

b)

P42,000

c)

P38,500

d)

P39,200

37.

What is 2/3 of 12?

a)

4

b)

6

c)

8

d)

7

38.

If the net price of a rubber shoes is P1,200 and the trade discount rate is 40%, the list price is ______________.

a)

P3,000

b)

P2,500

c)

P2,000

d)

P1,500

39.

20% of what number is 16?

a)

80

b)

3.2

c)

15\frac{1}{5}

d)

0.20

40.

Two equivalent ratios joined by an equal sign

a)

current ratio

b)

proportion

c)

quick ratio

d)

quotient

41.

Maria assembled widgets M-F as follows: 23, 34, 52, 47, 31

She gets paid P4.25 per widget. How much did she get paid?

a)

P794.75

b)

P748

c)

P770

d)

P765

42.
Lindsey, Lyle, Matt, and Rishi each brought 6 guests to the school play.  How many guests were at the school play?
a)
6
b)
18
c)
10
d)
24
43.
Emily is a baker.  She bakes 24 loaves of bread, and places them into 4 bags.  How many loaves are in each bag?
a)
48
b)
60
c)
6
d)
4
44.

634×38634\times38  

a)

634

b)

240

c)

24092

d)

2409

45.

A car accessory listed at P 1, 136 has a net price of P 760. What is the rate of discount?

a)

30%

b)

32%

c)

33.10%

d)

33%

46.

The simplest form of  22144\frac{22}{144}  

a)

1115\frac{11}{15}  

b)

1132\frac{11}{32}  

c)

1172\frac{11}{72}  

47.

Fractions greater than 1

a)

proper fractions

b)

improper fractions

48.

The equivalent fraction for 2436\frac{24}{36}  

a)

45\frac{4}{5}  

b)

46\frac{4}{6}  

c)

47\frac{4}{7}  

49.

The mixed form for 478\frac{47}{8}  

a)

7587\frac{5}{8}  

b)

8578\frac{5}{7}  

c)

5785\frac{7}{8}  

50.

The improper fraction of  9459\frac{4}{5}  

a)

205\frac{20}{5}  

b)

209\frac{20}{9}  

c)

495\frac{49}{5}  

51.

Is the answer correct?

a)

Yes, 5 + 7 = 12.

b)

No, 2+3 = 5

c)

No, you cannot add fractions with unlike denominators.

52.

What is ALWAYS required in adding /subtracting fractions?

a)

Equivalent fractions

b)

The same numerators

c)

The same denominators

53.

What is the first step in adding  45+13?\frac{4}{5}+\frac{1}{3}?  

a)

Rewrite each fraction into an improper fraction

b)

Add the numerators

c)

Rewrite fractions with a common denominator.

54.

The LCD for  215,45,710\frac{2}{15},\frac{4}{5},\frac{7}{10}  

a)

750

b)

150

c)

30

55.

Subtract  29from 79\frac{2}{9}from\ \frac{7}{9}  

a)

95\frac{9}{5}  

b)

59\frac{5}{9}  

c)

59-\frac{5}{9}  

56.

is equal to

a)

25\frac{2}{5}  

b)

5

c)

15\frac{1}{5}  

57.

This means per hundred

a)

rate

b)

percent

c)

base

58.

This is a part of the whole based on the given percent  and base.

a)

rate

b)

base

c)

percentage

59.

It serves as the basis of the percentage.

a)

base

b)

ratio

c)

rate

60.

What is 20% of 160?

a)

3200

b)

32

c)

80

61.

SBOS University has  250 students in the  College of Education , if 20% of them  are boys how many are girls?

a)

50

b)

200

c)

1250

62.

45 is what percent of 120?

a)

375%

b)

3.75%

c)

37.50%

63.

In Miss  Mira’s Math class, 12 pupils got high scores in the test. If this is 30% of the total number of pupils in the class, how many pupils does he have in all?

a)

400

b)

40

c)

4

64.

If 76% of the students in a certain school are females and there are 6,800 students in the school , then the number of female students is:

a)

5168

b)

526800

c)

89,47

65.

The outer terms in a proportion

a)

means

b)

extremes

c)

ratio

66.

It is a comparison of two numbers

a)

proportion

b)

ratio

c)

percent

67.

This pertains to the comparison of two quantities with different units

a)

proportion

b)

rate

c)

ratio

68.

Julia’s Organic Farm earned Php 375,350 in 4 weeks. At the same rate, how much will the farm earn in 52 weeks?

(a)  

69.

Addie earns Php 17,280 in 24 hours. How much will she earn in 45 hrs?

(a)  

70.

Dividend earnings of the three business associates Archie, Benjo and Choi is in the ratio of 3:4:5. If the total dividend earnings amount to Php 360,000, how much will Benjo receive?

(a)  

71.

Which of the following is in SIMPLEST FORM?

a)

4455\frac{44}{55}  

b)

415\frac{4}{15}  

c)

1751\frac{17}{51}  

72.

It refers to the amount added to cost to arrive at the original selling price

a)

mark-on

b)

Markdown

c)

Cost

d)

Markup cancellation

73.

It refers to the purchase price of an article.

a)

mark-on

b)

markup

c)

margin

d)
cost price
74.

It means that the selling price is the base and, therefore, taken as 100%

a)

Markup based on cost

b)

Markup based on selling price

c)

Markup based on margin

d)

Markup based on gross

75.

It occurs when the cost and expenses exceed the selling price or sales.

a)

profit

b)

cost

c)

expenses

d)

loss

76.

This pertains to what remains of the selling price (sales) after all the costs and expenses have been deducted.

a)

profit

b)

cost

c)

expenses

d)

loss

77.

You bought a bag for P800.00. You spent P50.00 for transportation in going to the store to buy it. For the following independent cases, determine whether you earn a profit or incurred a loss. Determine how much your profit or loss was. You sold the bag to your friend for P1 000.00

a)

P50

b)

P100

c)

P150

d)

P200

78.

You bought a bag for P800.00. You spent P50.00 for transportation in going to the store to buy it. For the following independent cases, determine whether you earn a profit or incurred a loss. Determine how much your profit or loss was. You sold the bag to your friend for P700.00.

a)

-P50

b)

P50

c)

-P150

d)

P150

79.

Abigail purchased a suitcase for P1 200.00. She paid P120.00 for delivery of the suitcase from the seller to her place. She asked the help of Bernadette to sell the suitcase. She promised to give Bernadette P150.00 if Bernadette can sell the suitcase for P2 000.00. Bernadette was able to sell the suitcase for P1 900.00, to which Abigail agreed. How much profit did Abigail get?

a)

P400.00

b)

P430.00

c)

P500.00

d)

P640.00

80.

It refers to the total sales.

a)

selling price

b)

gross sales

c)

net sales

d)

savings

81.

It buys goods that it sells.

a)

buy and sell

b)

trade discount

c)

profit or loss

d)

merchandising firm

82.

Calculate the hourly wage if an employee earns PHP 400 for working 40 hours in a week.

a)

PHP 10 per hour

b)

PHP 8 per hour

c)

PHP 12 per hour

d)

PHP 15 per hour

83.

Determine the annual salary of an employee who earns PHP 20 per hour and works 8 hours a day for 5 days a week.

a)

PHP 45,000

b)

PHP 38,500

c)

PHP 36,400

d)

PHP 41,600

84.

Differentiate between wages and salaries.

a)

Wages are paid hourly based on hours worked, while salaries are fixed amounts paid regularly.

b)

Wages are fixed amounts paid regularly, while salaries are based on performance.

c)

Wages are only given to part-time workers, while salaries are for full-time employees.

d)

Wages are paid monthly, while salaries are paid weekly.

85.

If an employee earns PHP 30 per hour and works 10 hours a day for 6 days a week, calculate the weekly wage.

a)

PHP 1500 per week

b)

PHP 1600 per week

c)

PHP 1800 per week

d)

PHP 2000 per week

86.

Calculate the monthly salary of an employee who earns PHP 25 per hour and works 9 hours a day for 5 days a week.

a)

PHP 2250

b)

PHP 2100

c)

PHP 2400

d)

PHP 2000

87.

What factors can influence an individual's wage or salary?

a)

Zodiac sign, pet preference, music taste

b)

Weather forecast, traffic conditions, political affiliation

c)

Hair color, favorite food, shoe size

d)

Education level, work experience, industry demand, location, negotiation skills, and company policies.

88.

If an employee's hourly wage is PHP 18 and they work 35 hours in a week, calculate their weekly wage.

a)

PHP 540

b)

PHP 450

c)

PHP 700

d)

PHP 630

89.

Discuss the concept of minimum wage and its importance.

a)

Minimum wage discourages consumer spending.

b)

Minimum wage is the highest wage that employers are legally allowed to pay their employees.

c)

Minimum wage has no impact on income inequality.

d)

Minimum wage is the lowest wage that employers are legally allowed to pay their employees. It is important as it helps ensure workers receive fair compensation for their work, reduces income inequality, and stimulates consumer spending.

90.

If an employee earns PHP 22 per hour and works 12 hours a day for 4 days a week, calculate the weekly wage.

a)

PHP 1056

b)

PHP 1100

c)

PHP 924

d)

PHP 800

91.

Explain the difference between gross pay and net pay.

a)

Gross pay is the total amount of money earned before any deductions, while net pay is the amount of money received after deductions such as taxes and benefits.

b)

Gross pay includes benefits, while net pay does not

c)

Gross pay is calculated weekly, while net pay is calculated monthly

d)

Gross pay is the amount after deductions, while net pay is the total earnings

92.

__________ refers to the remuneration or reward that an employee gets from his employer fo the services he or she gives the latter.

a)

Employee 13th month pay

b)

Overtime pay

c)

Employee compensation

d)

Employee mid-yeay

93.

Tammy is paid on a per-piece basis at the rate of P1.20 per piece. If she finishes 360 pieces a week, how much is her total earnings?

a)

P120.00

b)

P300.00

c)

P420.00

d)

P432.00

94.

________ refers to the excess payment over the regular rate.

a)

Overtime premium

b)

Incentives

c)

Regular compensation

95.

Work performed beyond eight hours on holiday or rest day shall be paid an additional compensation equivalent to the rate of the first eight hours on holiday or rest day plus at least ________thereof.

a)

50%

b)

25%

c)

30%

d)

15%

96.

An employee who are permitted to work on his scheduled rest day shall be paid an additional compensation of at least _____________his regular wage.

a)

30%

b)

25%

c)

50%

d)

35%

97.

If the holiday work falls on the employee's scheduled rest day, how much additional compensation shall be entitled to the employee's regular wage?

a)

30%

b)

25%

c)

200%

d)

50%

98.

Work on a regular holiday shall be paid_____ of a regular hourly rate.

a)

100%

b)

260%

c)

150%

d)

200%

99.

Work on rest day which falls on a regular holiday shall be paid ____ of regular hourly rate.

a)

260%

b)

200%

c)

150%

d)

130%

100.

Assuming that minimum daily wage rate is P565.00, how much is the rate per hour?

a)

P56.50

b)

P70.625

c)

P76.025

d)

P72.065

101.

Assuming that minimum daily wage rate is P565.00, how much is the overtime rate per hour in a regular day?

a)

P70.63

b)

P105.94

c)

P91.81

d)

P88.28

102.

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

a)

Lender or Creditor

b)

Borrower or Debtor

c)

Principal

d)

Bondholder

103.

The person or (institution) who owes the money or avails of the funds from the lender

a)

Lender or Creditor

b)

Borrower or Debtor

c)

Principal

d)

Bondholder

104.

The date on which money is received by the borrower

a)

Origin or Loan Date

b)

Repayment Date or Maturity Date

c)

Time

d)

Annually

105.

The date on which the money borrowed or loan is to be completedly repaid.

a)

Origin or Loan Date

b)

Repayment Date or Maturity Date

c)

Time

d)

Annually

106.

The amount of money borrowed or invested on the origin date.

a)

Principal (P)

b)

Interest (I)

c)

Simple Interest

d)

Maturity Value or Future Value

107.

Amount paid or earned for the use of money

a)

Coupon

b)

Interest (I)

c)

Simple Interest

d)

Compound Interest

108.

Interest is computed on the principal and then added to it.

a)

Coupon

b)

Interest (I)

c)

Simple Interest

d)

Compound Interest

109.

Interest is computed on the principal and also on the accumulated past interests.

a)

Coupon

b)

Interest (I)

c)

Simple Interest

d)

Compound Interest

110.

The amount after a number of years that the lender receives from the borrower on the maturity date.

a)

Principal (P)

b)

Interest (I)

c)

Simple Interest

d)

Maturity Value or Future Value (F)

111.

The annual rate, usually in percent, charged by the lender, or rate of increase of the investment

a)

Principal (P)

b)

Interest (I)

c)

Rate (r)

d)

Maturity Value or Future Value (F)

112.

A bank offers a 0.25% annual simple interest rate for a particular deposit. After a year 2,500 pesos will be earned from 1 million pesos deposited. What is the interest?

a)

1 Million

b)

2500

c)

0.25%

d)

1 year

113.

A bank offers a 0.25% annual simple interest rate for a particular deposit. After a year 2,500 pesos will be earned from 1 million pesos deposited. What is the principal amount?

a)

1 Million

b)

2500

c)

0.25%

d)

1 year

114.

A bank offers a 0.25% annual simple interest rate for a particular deposit. After a year 2,500 pesos will be earned from 1 million pesos deposited. How many years it takes to earn an interest of 2,500 pesos.

a)

2 years

b)

half a year

c)

5 years

d)

1 year

115.

How long will 1 Million pesos earn a simple interest of 100,000 at 1% per annum?

a)

5 years

b)

10 years

c)

4 years

d)

12 years

116.

Mr. Sarmiento aims to have his investment grow to P500,000 in 4 years. how much should he invest in an account that pays 5% compounded annually?

a)

411,351.24

b)

607,753.13

c)

389,451

d)

745,212.90

117.

James aims to accumulate 1 Million pesos in 12 years. Which investment will require the smallest present value?

a)

8% simple interest

b)

8% Compounded Annually

c)

8% Compounded Quarterly

d)

8% Compounded Monthly

118.

Two annual rates with different conversion periods that will earn the same maturity value for the same time/term

a)

Equivalent rates

b)

Nominal rates

c)

Effective rates

d)

Common rates

119.

Annual interest rate (maybe compounded more than once a year)

a)

Equivalent rates

b)

Nominal rates

c)

Effective rates

d)

Common rates

120.

Rate when compounded annually will give the same compound each year with the normal rate

a)

Equivalent rates

b)

Nominal rates

c)

Effective rates

d)

Common rates

121.

Raffy is planning to invest P20,000.00. At what rate compounded semi-annually will accumulate her money to P25,000.00 in 3 years?

a)

7.58%

b)

12.48%

c)

6.32%

d)

9%

122.

A sequence of payments made at equal (fixed) intervals or periods of time

a)

Annuity

b)

Bond

c)

Stocks

d)

Income

123.

An annuity where the payment interval is the same as the interest period

a)

Simple Annuity

b)

General Annuity

c)

Ordinary Annuity

d)

Annuity Certain

124.

An annuity where the payment interval is NOT the same as the interest period

a)

Simple Annuity

b)

General Annuity

c)

Ordinary Annuity

d)

Annuity Certain

125.

A type of annuity in which the payments are made at the end of each payment interval.

a)

Simple Annuity

b)

General Annuity

c)

Ordinary Annuity

d)

Annuity Certain

126.

An annuity in which payments begin and end at definite times

a)

Simple Annuity

b)

Deferred Annuity

c)

Ordinary Annuity

d)

Annuity Certain

127.

The buyer of the house and lot pay P200,000 cash and P10,000 every month for 20 years. If money is 9% compounded monthly, how much is the cash value of the lot?

a)

1,311,449.54

b)

1,411,449.54

c)

1,511,449.54

d)

1,211,449.54

128.

A refrigerator is for sale at P17,999 in cash or on terms, P1,600 each month for the next 12 months. Money is 9% compounded monthly. Which is lower?

a)

Cash price

b)

The present value of the installment terms

129.

In a general annuity, variable 'j' stands for?

a)

The regular payment

b)

the equivalent interest rate per payment interval converted from the interest rate per period.

c)

the interest rate per period

d)

the number of conversion periods in the deferral.

130.

RCS Bank pays interest at the rate of 2% compounded quarterly. How much will Raphael have in the bank at the end of 5 years if he deposits P3,000 every month?

a)

P189,126.38

b)

P117,110.88

c)

P138,668.16

d)

P110,552.28

131.

Ms. Laarni is a beneficiary of a P1,000,000 insurance policy. Instead of taking the money as lump sum, she opted to receive a monthly stipend over a period of 10 years. If the insurance policy pays an interest of 5% compounded annually, what will be her monthly stipend?

a)

P100,000

b)

P10,552.28

c)

P50,000

d)

P17,552.28

132.

An annuity that does not begin until a given time interval has passed

a)

Simple Annuity

b)

Deferred Annuity

c)

Ordinary Annuity

d)

Annuity Certain

133.

A place where stocks can be bought or sold.

a)

Stock Market

b)

Philippine Stock Exchange

c)

Stocks

d)

Bonds

134.

Share in the company's profit

a)

Dividend

b)

Bonds

c)

Share

d)

Par Value

135.

Periodic interest payment that the bondholder receives during the time between purchase date and maturity date

a)

Coupon

b)

Share

c)

Bond

d)

Par Value

136.

A financial institution declared a dividend of P75,000.000 for its common stock. Suppose there are 900,000 shares of common stock, how much is the dividend per share?

a)

P100

b)

P83.33

c)

P94.25

d)

P57.58

137.

Atty. Jen Campaniero began the practice of law by investing ₱500,000 in cash.

a)

increase in assets = increase in capital

b)

increase in liabilities = increase in capital

c)

increase in assets = increase in liabilities

d)

decrease in assets = decrease in liabilities

138.

Atty. Jen Campaniero began the practice of law by investing ₱500,000 in cash.

a)

increase in assets = increase in capital

b)

increase in liabilities = increase in capital

c)

increase in assets = increase in liabilities

d)

decrease in assets = decrease in liabilities

139.

Paid monthly rental of the office space ₱20,000.

a)

increase in assets = increase in capital

b)

increase in liabilities = increase in assets

c)

decrease in assets = decrease in capital

d)

decrease in assets = decrease in liabilities

140.

Purchased office equipment, ₱50,000 and office supplies, ₱10,000 for cash.

a)

increase in assets = increase in capital

b)

increase in one form of asset = decrease in another form of asset

c)

increase in assets = decrease in capital

d)

increase in assets = increase in liabilities

141.

Completed legal work for Jenie Rose Blak and collected ₱30,000 cash.

a)

increase in assets = increase in capital

b)

increase in assets = increase in liabilities

c)

increase in one form of asset = decrease in another form of asset

d)

increase in liabilities = increase in assets

142.

Purchased additional office equipment from Tagig Marketing on credit, ₱50,000.

a)

increase in assets = increase in capital

b)

increase in assets = increase in liabilities

c)

decrease in assets = decrease in capital

d)

decrease in assets = decrease in liabilities

143.

Paid the monthly salary of the office secretary, ₱15,000.

a)

increase in assets = increase in capital

b)

increase in assets = increase in liabilities

c)

decrease in assets = decrease in capital

d)

decrease in assets = decrease in liabilities

144.

Completed legal work for Pedro Dimautangan on credit, ₱20,000.

a)

increase in assets = increase in capital

b)

decrease in assets = decrease in capital

c)

increase in assets = increase in liabilities

d)

decrease in assets = decrease in liabilities

145.

Paid one-half of the amount due to Tagig Marketing.

a)

increase in assets = increase in capital

b)

increase in assets = increase in liabilities

c)

decrease in assets = decrease in liabilities

d)

decrease in assets = decrease in capital

146.

Pedro Dimautangan paid her account in full (transaction 7)

a)

increase in assets = increase in capital

b)

increase in one form of asset = decrease in another form of asset

c)

increase in assets = increase in liabilities

d)

increase in one form of liability = decrease in another form of liability

147.

Withdrew ₱10,000 from the business for personal expenses.

a)

increase in assets = increase in capital

b)

increase in assets = increase in liabilities

c)

decrease in assets = decrease in capital

d)

decrease in assets = decrease in liabilities

148.

If the net price of a rubber shoes is P1,200 and the trade discount rate is 40%, the list price is ______________.

a)

P3,000

b)

P2,500

c)

P2,000

d)

P1,500

149.

Maria assembled widgets M-F as follows: 23, 34, 52, 47, 31

She gets paid P4.25 per widget. How much did she get paid?

a)

P794.75

b)

P748

c)

P770

d)

P765

150.
Lindsey, Lyle, Matt, and Rishi each brought 6 guests to the school play.  How many guests were at the school play?
a)
6
b)
18
c)
10
d)
24