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Long Quiz 1 in Business Mathematics

1) The document provides a long quiz with multiple parts on business mathematics concepts including: performing operations on fractions, interpreting probability from data in decimal and percentage forms, solving percentage word problems, and interpreting data from charts and word problems involving production, sales, profits and losses. 2) It contains 10 fraction operation problems, 5 probability and percentage problems, and 2 multi-part word problems involving partnerships, production, sales and profits/losses. 3) The problems cover a wide range of basic business math skills including fractions, decimals, percentages, ratios, proportions, and interpreting data from tables and word problems.

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Jerome Dela Peña
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2K views3 pages

Long Quiz 1 in Business Mathematics

1) The document provides a long quiz with multiple parts on business mathematics concepts including: performing operations on fractions, interpreting probability from data in decimal and percentage forms, solving percentage word problems, and interpreting data from charts and word problems involving production, sales, profits and losses. 2) It contains 10 fraction operation problems, 5 probability and percentage problems, and 2 multi-part word problems involving partnerships, production, sales and profits/losses. 3) The problems cover a wide range of basic business math skills including fractions, decimals, percentages, ratios, proportions, and interpreting data from tables and word problems.

Uploaded by

Jerome Dela Peña
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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LONG QUIZ 1 IN BUSINESS MATHEMATICS

I. Perform the indicated operation of the following fractions. Express your answer in lowest
term.
11 3 1
1. + +
15 4 2
3 1 3
2. 1 4 +2 +5
8 6 4
20 1
3. −
27 6
2 1
4. 10 −3
3 6
4 1
5. 2 x8
5 7
4 6
6. x
5 7
2 5
7. x
11 6
3 1
8. 10 ÷ 3
5 10
1
9. 10 ÷ 2
2
5 1
10. ÷
8 4
II. The chart below shows the probability of randomly selecting a student with a particular hair
color.
Hair Color Expression in words Decimal Fraction Percent
Brown nine out of twenty
Black 0.025
Blonde 9
25
Red 1
5 %
2
Others One hundred ten out of one thousand
III. Find what is asked in each problem.
1. What percent of 300 is 75?
2. What percent of 125 is 250?
3. What percent of 250 is 100?
4. 125 is 250% of what number?
5. 45% of 70 is what number?
6. 110% of what amount is ₱660.00?
7. ₱120.00 is 180% of what number?
8. 85% ₱78.00 is what amount?
9. 45% of 70 is what number?
10. 110% of what amount is ₱660.00?
IV. Word Problems.
1. Tessie, Becky, and Cely are partner. Their partnership incurred a net loss of P20, 000.00
for the first half of the year. They agreed that their profit or loss ratio is to be 5/8 to
Tessie, ¼ to Becky, and the reminder to Cely.
a. Compute the share of each in the loss.
b. What fractional part of the total loss was Cely’s share?
c. Prepare a pie chart to show the division of the net loss.
2. SUCCESS CORPORATION, a tractor manufacturing firm manufactured a total of 60
tractors for the past year.
a. If it sold 75% of its total production, what percent remains unsold?
b. How many were sold and how many were left unsold?
c. If the company targets to produce 120% of what it produced last year, how many
would they produce for the current year?
d. If they were to sell the same percentage as last year, how many would they sell and
how many would remain unsold?

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