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Worksheets5 BUSINESS MATH
Total questions: 150
Worksheet time: 3hrs 30mins
Convert the Fraction to Decimal
13/20
(a)
Convert the Fraction to Decimal
15/20
(a)
Convert the Fraction to Decimal
2/20
(a)
Convert the Fraction to Decimal
9/10
(a)
Convert the Fraction to Decimal
1/2
(a)
Convert the Fraction to Decimal
1/5
(a)
Convert the Fraction to Decimal
2/3
(a)
Convert the Fraction to Decimal
7/9
(a)
Convert the Fraction to Decimal
4/5
(a)
Convert the Fraction to Decimal
9/20
(a)
Convert the Fraction to Decimal
1/3
(a)
Convert the Fraction to Decimal
3/5
(a)
Convert the Fraction to Decimal
6 /10
(a)
Convert the Fraction to Decimal
2/5
(a)
Convert the Fraction to Decimal
614
100,000
(a)
Convert the Fraction to Decimal
6 49 /100
(a)
Convert the Fraction to Decimal
49/100
(a)
Convert the Fraction to Decimal
9 12/10000
(a)
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.
P 90.00
P 25.00
P 85.00
P 110.00
A person bought a secondhand car for P87,000 and made a 15% down payment. How much was the down payment?
P 6, 430.00
P 1, 305.00
P13, 050.00
P 643.00
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?
20
25
15
10
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?
P12,000.00
P14,740.00
P12
P2,010.00
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.
P4.00
P50
P8.00
P12
A numerical quantity that is not a whole number.
FRACTION
PERCENTAGE
DENOMINATOR
DECIMAL
A rate, number, or amount in each hundred.
PERCENTAGE
DECIMAL
FRACTION
RATIO
Add: 0.1 + 1.1 + 1.001 + 11.01
13.111
11.111
13.211
13.22
Round off 15.125 pesos to the nearest centavo.
15.12
15.13
15.11
15.10
What is 5% of 20?
1
2
5
10
What part of 17 is 51?
31
121
51
52
Perform the indicated operation: 21−41−31
−121
121
125
127
0.02 is read as _____.
2 tens
2 hundreds
2 tenths
2 hundredths
Similar Fractions have the same denominators.
True
False
A fraction n/d is said to be in lowest term if the greatest common factor of n and d is 0.
True
False
To change mixed number to improper, multiply the denominator to the whole number then add it to the numerator.
True
False
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?
826
1500
980
1062
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?
P4,200
P42,000
P38,500
P39,200
What is 2/3 of 12?
4
6
8
7
If the net price of a rubber shoes is P1,200 and the trade discount rate is 40%, the list price is ______________.
P3,000
P2,500
P2,000
P1,500
20% of what number is 16?
80
3.2
51
0.20
Two equivalent ratios joined by an equal sign
current ratio
proportion
quick ratio
quotient
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?
P794.75
P748
P770
P765
634×38
634
240
24092
2409
A car accessory listed at P 1, 136 has a net price of P 760. What is the rate of discount?
30%
32%
33.10%
33%
The simplest form of 14422
1511
3211
7211
Fractions greater than 1
proper fractions
improper fractions
The equivalent fraction for 3624
54
64
74
The mixed form for 847
785
875
587
The improper fraction of 954
520
920
549
Is the answer correct?
Yes, 5 + 7 = 12.
No, 2+3 = 5
No, you cannot add fractions with unlike denominators.
What is ALWAYS required in adding /subtracting fractions?
Equivalent fractions
The same numerators
The same denominators
What is the first step in adding 54+31?
Rewrite each fraction into an improper fraction
Add the numerators
Rewrite fractions with a common denominator.
The LCD for 152,54,107
750
150
30
Subtract 92from 97
59
95
−95
is equal to
52
5
51
This means per hundred
rate
percent
base
This is a part of the whole based on the given percent and base.
rate
base
percentage
It serves as the basis of the percentage.
base
ratio
rate
What is 20% of 160?
3200
32
80
SBOS University has 250 students in the College of Education , if 20% of them are boys how many are girls?
50
200
1250
45 is what percent of 120?
375%
3.75%
37.50%
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?
400
40
4
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:
5168
526800
89,47
The outer terms in a proportion
means
extremes
ratio
It is a comparison of two numbers
proportion
ratio
percent
This pertains to the comparison of two quantities with different units
proportion
rate
ratio
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)
Addie earns Php 17,280 in 24 hours. How much will she earn in 45 hrs?
(a)
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)
Which of the following is in SIMPLEST FORM?
5544
154
5117
It refers to the amount added to cost to arrive at the original selling price
mark-on
Markdown
Cost
Markup cancellation
It refers to the purchase price of an article.
mark-on
markup
margin
It means that the selling price is the base and, therefore, taken as 100%
Markup based on cost
Markup based on selling price
Markup based on margin
Markup based on gross
It occurs when the cost and expenses exceed the selling price or sales.
profit
cost
expenses
loss
This pertains to what remains of the selling price (sales) after all the costs and expenses have been deducted.
profit
cost
expenses
loss
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
P50
P100
P150
P200
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.
-P50
P50
-P150
P150
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?
P400.00
P430.00
P500.00
P640.00
It refers to the total sales.
selling price
gross sales
net sales
savings
It buys goods that it sells.
buy and sell
trade discount
profit or loss
merchandising firm
Calculate the hourly wage if an employee earns PHP 400 for working 40 hours in a week.
PHP 10 per hour
PHP 8 per hour
PHP 12 per hour
PHP 15 per hour
Determine the annual salary of an employee who earns PHP 20 per hour and works 8 hours a day for 5 days a week.
PHP 45,000
PHP 38,500
PHP 36,400
PHP 41,600
Differentiate between wages and salaries.
Wages are paid hourly based on hours worked, while salaries are fixed amounts paid regularly.
Wages are fixed amounts paid regularly, while salaries are based on performance.
Wages are only given to part-time workers, while salaries are for full-time employees.
Wages are paid monthly, while salaries are paid weekly.
If an employee earns PHP 30 per hour and works 10 hours a day for 6 days a week, calculate the weekly wage.
PHP 1500 per week
PHP 1600 per week
PHP 1800 per week
PHP 2000 per week
Calculate the monthly salary of an employee who earns PHP 25 per hour and works 9 hours a day for 5 days a week.
PHP 2250
PHP 2100
PHP 2400
PHP 2000
What factors can influence an individual's wage or salary?
Zodiac sign, pet preference, music taste
Weather forecast, traffic conditions, political affiliation
Hair color, favorite food, shoe size
Education level, work experience, industry demand, location, negotiation skills, and company policies.
If an employee's hourly wage is PHP 18 and they work 35 hours in a week, calculate their weekly wage.
PHP 540
PHP 450
PHP 700
PHP 630
Discuss the concept of minimum wage and its importance.
Minimum wage discourages consumer spending.
Minimum wage is the highest wage that employers are legally allowed to pay their employees.
Minimum wage has no impact on income inequality.
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.
If an employee earns PHP 22 per hour and works 12 hours a day for 4 days a week, calculate the weekly wage.
PHP 1056
PHP 1100
PHP 924
PHP 800
Explain the difference between gross pay and net pay.
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.
Gross pay includes benefits, while net pay does not
Gross pay is calculated weekly, while net pay is calculated monthly
Gross pay is the amount after deductions, while net pay is the total earnings
__________ refers to the remuneration or reward that an employee gets from his employer fo the services he or she gives the latter.
Employee 13th month pay
Overtime pay
Employee compensation
Employee mid-yeay
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?
P120.00
P300.00
P420.00
P432.00
________ refers to the excess payment over the regular rate.
Overtime premium
Incentives
Regular compensation
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.
50%
25%
30%
15%
An employee who are permitted to work on his scheduled rest day shall be paid an additional compensation of at least _____________his regular wage.
30%
25%
50%
35%
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?
30%
25%
200%
50%
Work on a regular holiday shall be paid_____ of a regular hourly rate.
100%
260%
150%
200%
Work on rest day which falls on a regular holiday shall be paid ____ of regular hourly rate.
260%
200%
150%
130%
Assuming that minimum daily wage rate is P565.00, how much is the rate per hour?
P56.50
P70.625
P76.025
P72.065
Assuming that minimum daily wage rate is P565.00, how much is the overtime rate per hour in a regular day?
P70.63
P105.94
P91.81
P88.28
The person or (institution) who invests the money or makes the funds available
Lender or Creditor
Borrower or Debtor
Principal
Bondholder
The person or (institution) who owes the money or avails of the funds from the lender
Lender or Creditor
Borrower or Debtor
Principal
Bondholder
The date on which money is received by the borrower
Origin or Loan Date
Repayment Date or Maturity Date
Time
Annually
The date on which the money borrowed or loan is to be completedly repaid.
Origin or Loan Date
Repayment Date or Maturity Date
Time
Annually
The amount of money borrowed or invested on the origin date.
Principal (P)
Interest (I)
Simple Interest
Maturity Value or Future Value
Amount paid or earned for the use of money
Coupon
Interest (I)
Simple Interest
Compound Interest
Interest is computed on the principal and then added to it.
Coupon
Interest (I)
Simple Interest
Compound Interest
Interest is computed on the principal and also on the accumulated past interests.
Coupon
Interest (I)
Simple Interest
Compound Interest
The amount after a number of years that the lender receives from the borrower on the maturity date.
Principal (P)
Interest (I)
Simple Interest
Maturity Value or Future Value (F)
The annual rate, usually in percent, charged by the lender, or rate of increase of the investment
Principal (P)
Interest (I)
Rate (r)
Maturity Value or Future Value (F)
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?
1 Million
2500
0.25%
1 year
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?
1 Million
2500
0.25%
1 year
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.
2 years
half a year
5 years
1 year
How long will 1 Million pesos earn a simple interest of 100,000 at 1% per annum?
5 years
10 years
4 years
12 years
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?
411,351.24
607,753.13
389,451
745,212.90
James aims to accumulate 1 Million pesos in 12 years. Which investment will require the smallest present value?
8% simple interest
8% Compounded Annually
8% Compounded Quarterly
8% Compounded Monthly
Two annual rates with different conversion periods that will earn the same maturity value for the same time/term
Equivalent rates
Nominal rates
Effective rates
Common rates
Annual interest rate (maybe compounded more than once a year)
Equivalent rates
Nominal rates
Effective rates
Common rates
Rate when compounded annually will give the same compound each year with the normal rate
Equivalent rates
Nominal rates
Effective rates
Common rates
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?
7.58%
12.48%
6.32%
9%
A sequence of payments made at equal (fixed) intervals or periods of time
Annuity
Bond
Stocks
Income
An annuity where the payment interval is the same as the interest period
Simple Annuity
General Annuity
Ordinary Annuity
Annuity Certain
An annuity where the payment interval is NOT the same as the interest period
Simple Annuity
General Annuity
Ordinary Annuity
Annuity Certain
A type of annuity in which the payments are made at the end of each payment interval.
Simple Annuity
General Annuity
Ordinary Annuity
Annuity Certain
An annuity in which payments begin and end at definite times
Simple Annuity
Deferred Annuity
Ordinary Annuity
Annuity Certain
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?
1,311,449.54
1,411,449.54
1,511,449.54
1,211,449.54
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?
Cash price
The present value of the installment terms
In a general annuity, variable 'j' stands for?
The regular payment
the equivalent interest rate per payment interval converted from the interest rate per period.
the interest rate per period
the number of conversion periods in the deferral.
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?
P189,126.38
P117,110.88
P138,668.16
P110,552.28
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?
P100,000
P10,552.28
P50,000
P17,552.28
An annuity that does not begin until a given time interval has passed
Simple Annuity
Deferred Annuity
Ordinary Annuity
Annuity Certain
A place where stocks can be bought or sold.
Stock Market
Philippine Stock Exchange
Stocks
Bonds
Share in the company's profit
Dividend
Bonds
Share
Par Value
Periodic interest payment that the bondholder receives during the time between purchase date and maturity date
Coupon
Share
Bond
Par Value
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?
P100
P83.33
P94.25
P57.58
Atty. Jen Campaniero began the practice of law by investing ₱500,000 in cash.
increase in assets = increase in capital
increase in liabilities = increase in capital
increase in assets = increase in liabilities
decrease in assets = decrease in liabilities
Atty. Jen Campaniero began the practice of law by investing ₱500,000 in cash.
increase in assets = increase in capital
increase in liabilities = increase in capital
increase in assets = increase in liabilities
decrease in assets = decrease in liabilities
Paid monthly rental of the office space ₱20,000.
increase in assets = increase in capital
increase in liabilities = increase in assets
decrease in assets = decrease in capital
decrease in assets = decrease in liabilities
Purchased office equipment, ₱50,000 and office supplies, ₱10,000 for cash.
increase in assets = increase in capital
increase in one form of asset = decrease in another form of asset
increase in assets = decrease in capital
increase in assets = increase in liabilities
Completed legal work for Jenie Rose Blak and collected ₱30,000 cash.
increase in assets = increase in capital
increase in assets = increase in liabilities
increase in one form of asset = decrease in another form of asset
increase in liabilities = increase in assets
Purchased additional office equipment from Tagig Marketing on credit, ₱50,000.
increase in assets = increase in capital
increase in assets = increase in liabilities
decrease in assets = decrease in capital
decrease in assets = decrease in liabilities
Paid the monthly salary of the office secretary, ₱15,000.
increase in assets = increase in capital
increase in assets = increase in liabilities
decrease in assets = decrease in capital
decrease in assets = decrease in liabilities
Completed legal work for Pedro Dimautangan on credit, ₱20,000.
increase in assets = increase in capital
decrease in assets = decrease in capital
increase in assets = increase in liabilities
decrease in assets = decrease in liabilities
Paid one-half of the amount due to Tagig Marketing.
increase in assets = increase in capital
increase in assets = increase in liabilities
decrease in assets = decrease in liabilities
decrease in assets = decrease in capital
Pedro Dimautangan paid her account in full (transaction 7)
increase in assets = increase in capital
increase in one form of asset = decrease in another form of asset
increase in assets = increase in liabilities
increase in one form of liability = decrease in another form of liability
Withdrew ₱10,000 from the business for personal expenses.
increase in assets = increase in capital
increase in assets = increase in liabilities
decrease in assets = decrease in capital
decrease in assets = decrease in liabilities
If the net price of a rubber shoes is P1,200 and the trade discount rate is 40%, the list price is ______________.
P3,000
P2,500
P2,000
P1,500
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?
P794.75
P748
P770
P765
