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Cuyapo National High School: Part I. For The Following Tables 1. Complete The Following Table (Mark-Up)

The document is a summative examination for a Business Mathematics class covering topics including markups, markdowns, discounts, interest, and commissions. It contains multiple choice and short answer questions testing students' abilities to complete tables and solve word problems related to these business math concepts. The exam was prepared by a teacher and checked by an assistant principal for the class.

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Raul Soriano Cabanting
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322 views

Cuyapo National High School: Part I. For The Following Tables 1. Complete The Following Table (Mark-Up)

The document is a summative examination for a Business Mathematics class covering topics including markups, markdowns, discounts, interest, and commissions. It contains multiple choice and short answer questions testing students' abilities to complete tables and solve word problems related to these business math concepts. The exam was prepared by a teacher and checked by an assistant principal for the class.

Uploaded by

Raul Soriano Cabanting
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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CUYAPO NATIONAL HIGH SCHOOL

Senior High School Curriculum


ACCOUNTANCY, BUSINESS AND MANAGEMENT
First Semester – First Quarter Summative Examination

ABM 11_BUSINESS MATHEMATICS


Summative Test No. 2

Name: _________________________________________________ Date: _________________


Grade & Section: _______________________________________ Score: ________________

Part I. For the following tables

1. Complete the following table (Mark-up)


Selling Price Cost Markup MUcost % MUsp %
a. 480 120
b. 200
c. 300 120
d. 600 230
e. 400 30%
f. 500 75%
g. 30%
h. 50%

2. Complete the following table (Markdown)


Original Selling Price New Selling Price Markdown Markdown Rate
a. 320 280
b. 625 575
c. 300 20%
d. 475 30%
e. 644 84
f. 1,500 300
g. 800 320
h. 1,093.75 156.25
i. 1,520 15%
j. 3,250 20%

3. Complete the following table (Single Discount)


List Price Discount Rate Discount Net Invoice NIP Rate
Price
a. 158.75 5%
b. 865.00 12½ %
c. 1,300.00 104.00
d. 3,650.00 803.00
e. 725.00 522.00

3. Complete the following table (Series Discount)

List Price Series Discount NIP Single Net Invoice Discount


Rate Equivalent Price
Rate
a. 1,500 5% and 3%
b. 2,000 8% and 2%
c. 3,400 10%,5% and 2%
d. 5,000 15%,10% and 2%
e. 8,200 20%,12% and 8%

II. Problem Solving

1
A. Interest

1. If Lilia paid 980.00 in interest at 14% for 2 years, how much money did she borrow?

2. Luz paid 1,080.00 in interest on a 3,600.00 loan she got from the credit union. The term of the loan is 3 years.
Find the rate.

3. Manny lent Cesar 1,000 at 12%. Cesar promised to pay Manny 3 months from March 1, the date of the loan.

B. COMMISSION

1. Alex is a straight commission salesman. He is given commission on the basis of the following schedule:
Monthly Sales

Less than 50,000 1%


50,000 -99,999 2%
100,000 – 149,999 3%
150,000 and above 4%

2. Roger is a sales engineer receiving a basic monthly compensation of 13,500 and commission on all sales of 1%.
Compute for his gross earnings for the month if he sold 124,580.00

“There are no secrets to success. It is the result of preparation, hard work learning from failure.” ~
General Colin Powell
Good luck!!!!!

Prepared by: Checked by: Noted by:

RAUL S. CABANTING NENITA C. BUISEL AURORA T. AGUILA


Teacher II (SHS) ASP – II School Principal IV

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