WorksheetsEarning Money: Definitions and Formulas
Total questions: 20
Worksheet time: 10mins
Which statement best describes a wage?
Payment based on a percentage of sales
Payment for labor based on hours worked
Total money received from all sources
Fixed regular payment, usually yearly
A salesperson earns 8% commission on $1,250 in sales. What is the commission earned?
$80.00
$90.00
$100.00
$110.00
Which formula correctly finds total earnings when paid an hourly wage plus commission?
Total = income − expenses + wage
Total = salary + tips
Total = wage × hours + commission
Total = commission ÷ sales + wage
Using the formula shown, what is the correct way to compute a wage for hourly work?
Rate multiplied by time worked
Sales multiplied by commission rate
Salary plus monthly commission
Time divided by hourly rate
Ella charges Php 120 per hour. She tutored 2 hours Monday, 3 hours Wednesday, and 1.5 hours Friday. What are her total earnings for the week?
Php 780 total earnings
Php 720 total earnings
Php 600 total earnings
Php 540 total earnings
A clerk earns Php 15000 salary plus 3% commission. His March sales were Php 80000. What are his total March earnings?
Php 17200 total earnings
Php 16240 total earnings
Php 15000 total earnings
Php 17400 total earnings
In the image showing definitions, which situation results in a profit for a seller?
Selling price is greater than cost price
Selling price is less than cost price
Selling price equals cost price
Cost price is greater than selling price
A gadget costs 80 and sold for 100. Using the formula in the image, what is the profit percent?
20%
25%
15%
30%
Using the visual formulas, what is the correct expression for loss percent when a vendor sells an item below cost?
(Loss ÷ CP) × 100%
(Loss ÷ SP) × 100%
(CP ÷ Loss) × 100%
(SP ÷ CP) × 100%
A vendor buys mangoes for PhP 1500 and sells them for PhP 1950. What is the profit percent?
30% profit
20% profit
35% profit
25% profit
A 2-liter bottle of juice costs $4.80. What is the unit price per liter?
$2.40 per liter
$2.60 per liter
$2.20 per liter
$2.00 per liter
Two cereal boxes are compared: Box A is 600 g for 6.00,BoxBis750gfor 7.50. Which is the best buy based on unit price?
Both boxes are equal value
Box B is the best buy
Box A is the best buy
Best buy cannot be determined
Two pencil options are shown: 12 pencils for PhP 120 and 24 pencils for PhP 210. Which option has the lower cost per pencil?
Neither is a better buy overall
12-pack at PhP 120 total
24-pack at PhP 210 total
Both have the same unit price
A 10 mL shampoo sachet costs PhP 6, and a 200 mL bottle costs PhP 100. Which is cheaper per mL?
200 mL bottle is cheaper per mL
Both have equal price per mL
10 mL sachet is cheaper per mL
It depends on brand discounts
Which statement best defines an installment plan?
Pay random amounts whenever you have funds
Borrow money with no monthly payments required
Pay the full cash price in one transaction
Pay a downpayment plus equal monthly payments
A phone costs 600cash.Witha 100 downpayment and 10 monthly payments of $55, what is the installment price?
$650 total paid over the plan
100downwith 55 interest
$650 plus future penalty fees
100downand 550 remaining
Using the formula shown, what is the correct way to compute the total installment price when buying on terms?
Down payment plus monthly installment times months
Cash price plus monthly installment divided by months
Monthly installment plus months minus down payment
Down payment minus cash price plus monthly installment
A smartphone has a cash price of PhP 15000. The buyer pays PhP 5000 down payment and PhP 2000 per month for 6 months. What is the total installment price?
PhP 17000 total installment price
PhP 26000 total installment price
PhP 15000 total installment price
PhP 23000 total installment price
A sachet of shampoo (10 mL) costs Php 6 while a 200 mL bottle costs Php 100. Which option has the cheaper price per mL?
Sachet price per mL is cheaper
Both have the same price per mL
Bottle price per mL is cheaper
Neither price can be compared
A sales agent earns Php 18,000 per month plus a 5% commission on sales. In April, he sold Php 120,000 worth of products. What was his total earnings that month?
Php 24,000 total earnings
Php 24,500 total earnings
Php 23,000 total earnings
Php 26,000 total earnings
