reviewer grade 11 business math 1st quarter
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Continued…
MIND CHALLENGE
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These are fractions that express amounts which are less than a unit.
ANSWER: proper fractions
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The formula to compute for the discount is:
ANSWER: Discount = List Price x Discount Rate
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Erilen got 45 correct items in her quiz out of 55 items. How many percent of her quiz did she answer correct?
ANSWER: 81.82%
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The salary of Janice is 3/8 the salary of Katiana. If Janice earns P25,000.00 a month, how much is the difference of their salary?
ANSWER: P15,625.00
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A company’s total sales is P150,000.00. if the gross profit represents 40%, how much is the company’s cost of sales?
ANSWER: P90,000.00
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ABM corporation realized a net profit of P175,000.00 for 2015. If the tax rate is 35%, how much income tax should the corporation pay?
ANSWER: P61,250.00
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If the tax rate is 7% and the total amount paid including tax is
P3,950.00, how much is the price before tax?
ANSWER: P3,691.59
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Angelo, Joan joy and Precious are partners and agreed to share their profits and losses at a ratio of 3:5:7. Find the share of Precious if they earned a net profit of P625,000.00
ANSWER: P291,666.67
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A sala set which costs P25,000.00 was granted a discount rate of 4.5%. How much is the discount?
ANSWER: P1,125.00
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The series of discount rates for an item are 12% and 7%. What
is the NIP rate.
ANSWER: 81.84%
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Denice borrowed P5,000.00 from Silbeth at 12% per annum. If she pays her debt after 4 months, how much interest did she pay? ANSWER:
P200.00
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What is 2 ¼ in percentage?
ANSWER: 225%
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What is the mark-up based on cost if the selling price is P480 and the mark-
up is P120?
ANSWER: 33.33%
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What is the mark-up based on selling price if the cost is P600
and the mark-up is P230?
ANSWER: 27.71%
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What is 28% in fraction?
ANSWER: 7/25
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3/5 as large as P245 is what number?
ANSWER: P147
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1. 2/3 as large as 144 is what number?
A company’s cost of sales is P150,000.00. if the gross profit
represents 25%, how much is the company’s total sales?
ANSWER: P200,000
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MNHS corporation realized a net income before tax of
P175,000.00 for 2015. If the net income after tax is P113,750,
what is the tax rate?ANSWER: 35%
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The tax paid for an item selling for P5,500.00 is
P385.00. Find the tax rate.
ANSWER: 7%
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If the tax rate is 8% and the total amount paid including tax is P1,674.00, how much is the
price before tax?
ANSWER: P1,550
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Kevin and Silbeth are partners and agreed to share their profits and
losses at a ratio of 3:5 respectively. Find the share of Kevin if they
earned a net profit of P80,000.00ANSWER: P30,000
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If the selling price of an office table is P2,500.00 and the tax
paid is P112.50, what is the tax rate?
ANSWER: 4.5%
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Find the amount of withholding tax on a bank interest if a bank
has paid a total interest of P362,550 and the tax rate is 3%
ANSWER: P10,876.50
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A motorcycle selling for P75,000.00 is subject to a 3% discount. What is the
net invoice price?ANSWER: P72,750
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Kathrine lent P30,000.00 at 12% per annum for 8 months.
How much interest did she earn?
ANSWER: P2,400.00
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