Second Quarter Assessment

BUSINESS MATHEMATICS
S.Y 2022-2023

Name:_____________________________ Year level & Section:___________________ Score:______

A. Multiple Choice. Select the letter of the correct answer. Write your answer on the space provided before the
number.
1. The range of a sample gives an indication of the
a. Way in which values cluster about a particular point
b. Number of observations bearing the same value
c. Maximum variation in the sample
d. Degree to which the mean value differs from its expected value.
2. The observation which occurs most frequently in a sample is the
a. Median c. mode
b. mean deviation d. standard deviation
3. What is the median of the sample 5,5,11,9,8,5,8, ?
a. 5 b. 6 c. 8 d. 9

Items 4-5 refer to the information below.

The following scores were obtained by eleven footballers in a goal competition:
5 3 6 8 7 8 3 11 6 3 2

4. What was the modal score?

a. 3 b. 6 c. 8 d. 9
5. What was the median score?
a. 3 b. 6 c. 8 d. 9
6. A graph that uses bars of various heights to represent the frequencies.
a. line graph b. pie graph c. bar graph d. histogram
7. A set of observations into four equal parts.
a. percentiles b. quantiles c. deciles d. quartlies
8. The following are the ages of the first ten students who enrolled in a certain college. Find the mean. 23, 21,
18, 17, 19, 21, 20, 18, 19, 24.
a. 20 b. 21 c. 22 d. 19
9. Find the median of the following set of observation.
11, 11, 13, 15, 16, 17, 18, 18, 19, 20.
a. 17.5 b. 16.5 c. 15 d. 15.5
10. All of these are the properties of median, EXCEPT.
a. It may not exist.
b. It is also a unique value in any set of data.
c. It is associated with ordinal data.
d. Its value is not affected by the extreme values.
11. If the variable cost of a perfume is 120 and it’s selling price is 250, what is the contribution?
a. 370 b. 125 c. 130 d. 570
12. What is the business doing at the breakeven point?
a. Making profit b. making loss
b. c. making neither profit or loss d. 50% profit and 50% loss

13. Which of the following shows the breakeven point?

a. Fixed Cost – Variable Cost = Sales Revenue
b. Fixed Cost + Variable Cost = Sales Revenue
 c. Fixed Cost x Variable Cost = Sales Revenue
d. Fixed Cost / Variable Cost = Sales Revenue
14. Why is it important for business to know the breakeven points on their products?
a. It helps improve the business
b. They can use information when preparing financial statement.
c. It can be used in the process of planning.
d. It is an important calculation in accounting.
15. The cost of a pair of shoes is 850.00; it is sold at 25% markup based on cost. What is its gross margin?
a. 212.50 b. 1,062.50 c. 312.60 d.1,052.12

For number 18-19. Shy borrowed 2,000.00 from Joven at an interest rate of 1% per month. She promised to pay it
within 3 months.

16. How much interest will Shy have to pay for the term of the loan?
a. 55.00 b. 50.00 c. 60.00 d. 70.00
17. How much will she pay at the end of the loan period (maturity date)?
a. 2,050.00 b. 2,060.00 c. 2,070.00 d. 2,055.00
18. What is the markdown rate if the cellphone is sold to 8,560.00 from 12,950.00 original price?
a. 51 % b. 53 % c. 55% d. 57%
19. A laptop costs 22,700.00. The selling price is 33,650.00. What is the rate of markup based on cost?
a. 47.78% b.47.87% c.48.24% d. 48.54%
20. Mr. Thomas invested an amount of 13,900 divided in two different schemes A and B at the simple interest rate
of 14% per annum and 11% per annum respectively. If the total amount of simple interest earned in 2 years be
3508, what was the amount invested in Scheme B?
a. 6400 b. 6500 c. 7200 d. 7500
21. A sum fetched a total simple interest of 4016.25 at the rate of 9 %.per annum in 5 years. What is the sum?
a. 4462.50 b. 8032.50 c. 8925 d. None of these
22. How much time will it take for an amount of 450 to yield 81 as interest at 4.5% per annum of simple interest?
a. 3.5 yrs b. 4 yrs c. 4.5 yrs d. 5 yrs
23. Reena took a loan of 1200 with simple interest for as many years as the rate of interest. If she paid 432 as
interest at the end of the loan period, what was the rate of interest?
a. 3.6 b. 18 c. 6 d. None of these
24. Daniela took a math test and got 35 correct and 10 incorrect anwers. What was the percentage of correct
answers?
a. 22.22% b. 28% c. 77.78% d. 350%
25. A student earned a grade of 80% on a math test that had 20 problems. How many problems on this test did the
student answer correctly?
a. 10 problems b. 12 problems c. 14 problems d. 16 problems
26. Romina put 580 pesos into a saving account for one year. The rate of interest on the account was 6 ½%. How
much was the interest for the year in pesos and cents?
a. 27.70 pesos b. 37.70 pesos c. 47.70 pesos d. 57.70 pesos
27. Joseph earned 12,800 pesos a year. About 15% is taken out for taxes. How much is taken out for taxes?
a. 1,920 b. 2,109 c. 2, 190 d. 9,102
28. At a sale, shirts were sold for 15 pesos each. This price was 80% of their original price. What was the original
price?
a. 17.57 pesos b. 15.75 pesos c. 18.57pesos d. 18.75 pesos
29. Michelle bought a toy at 85% of the regular price. She paid 32.89 for the toy. What was the regular price?
a. 36.69 b. 37.69 c. 38.69 d. 39
30. In a stock of 120 blouses, 90 are sleeveless. How many percent of the stocks are sleeveless?
 a. 57% b. 65% c. 67% d. 75%
31. Winston’s current salary is 3, 600 pesos a month. His previous salary was 3, 200 pesos. What is the rate of
increase in her salary?
a. 10.5% d. 11.5% c. 12.5% d. 13.5%
32. This month’s sales were 12, 000 pesos. Last month, the sales were 15, 000 pesos. Find the rate of
increase/(decrease).
a. 12% b. 15% c. 20% d. 22%
33. Last semeter’s enrolment was 1800. Find the current semester’s enrolment if the rate of decrease is 15%.
a. 1,530 b. 1,753 c. 1,830 d. 1, 930
34. Marga and Melai share profits of their partnership in the ratio 2:3. If Marga’s share in the profit for last year was
30,000.00, how much was Melai’s share in the profit of business?
a. 25,000 b. 35,000 c. 45,000 d. 55,000
35. Partners A, B, and C share profits and losses: 20% to A, 30% to B, and 50% to C. What is the net income of
the three partners?
a. 15,000 b. 20,000 c. 25,000 d. 30,000
36. Mariz purchased a gold bracelet for 8, 960.00. It included a 12% VAT. How much is the retail price of the
bracelet excluding tax?
a. 5,000.00 b. 8,000.00 c. 10,000.00 d. 12,000.00
37. Maria paid 3, 687.40 pesos for an article which included 107.40 pesos as sales tax. What is the tax rate?
a. 3% b. 4% c. 5% d. 6%
38. A sum of money at simple interest amounts to 815 in 3 years and to 854 in 4 years. The sum is:
a. 650 b. 690 c. 698 d. 700

B. Write True or False. If it is False, rewrite to make the statement true.

39. The median is the measure of central tendency most likely to be affected by an extreme value.
40. Every data set has a mode.
41. The mode in data is unique.
42. The mean may or may not be an actual score in the data.
43. The mode is used to look for the lowest count.
44. The mean can be affected by extreme scores.
45. The median is used when the data has an extreme score.
46. Every score contributes to the value of mean
47. Subgroup means can be combined to get the general mean.
48. Mean is easily affected by the highest and lowest scores.

For items 8-10. Cezar received the following scores on five mathematics tests with 100 as the highest
score:
75 93 85 92 77

Find the following:

49. Mean
50. Median
51. Mode
Performance Task:
A. Alexa keeps the record of OFW’s remittances. Listed below are the remittances (in
thousand peso) of a seaman for the first three quarters of 2019.
 Month Jan Feb Mar Apr May June Jul Aug Sep
Remittance 30 27 50 54 40 43 65 63 59

Find the
52. median,
53. range,
54. interquartile.

B. Given the following data:

x
12
10
8
6
4
10
Σx =
50

Find the

55-56. mean

57-58. variance

59-60standard deviation.