GREEN ROSE CENTER FOR ACADEME INC.

Purok Gemelina Estaca Compostela Cebu, Philippines 6003

E-mail add: [email protected], [email protected]
Government Recognition No: PRE-ELEM: 04 S. 2017, ELEMENTARY: 5, S. 2017, JHS: 06, S.2017, SHS: 059 S.2018
School ID: 408281

MIDTERM EXAMINATION
BUSINESS MATH (11 ABM)

Name: ____________________________________ Grade & Section: _________________

Parent Signature: ________________ Date: _____________ Score: ____________
Test I. Multiple Choice (20 points)
Instructions: Read each question carefully and encircle the letter of the correct answer.
1. The old selling price of an item is ₱750.00, and the new selling price is ₱600.00. How
is the mark-down rate computed?

a. subtract 600 from 750, divide the difference by 750, then multiply it by 100%

b. add 750 and 600, divide the sum by 750, and then multiply it by 100%

c. subtract 600 from 750, divide the difference by 600, and then multiply it by 100%

d. add 750 and 600, divide the sum by 600, then multiply it by 100%

2. An item was bought for ₱500.00 and sold for ₱750. How is mark-up computed?

a. Subtract ₱750 from ₱500 b. Subtract ₱500 from ₱750.

c. Subtract the old selling price from ₱750. d. Subtract ₱750 from the old selling
price.

3. Given the cost amounting to ₱4,750.00 and a mark-up value of ₱3,500.00, compute
the selling price.

a. ₱8,750.00 b. ₱1,250.00 c. ₱6,000.00 d. ₱8,250.00

4. Given the cost amounting to ₱4,750.00 and a mark-up value of ₱3,500.00, compute
the mark-on rate.

a.73.68% b. 42.42% c. 0.7368% d. 0.4242%

5. What is the net price if the list price is ₱44,000 and the rate of discount is 1.6%?

a. ₱70,400 b. ₱43,296 c. ₱704 d. ₱433

6. What is the amount payable if the net price is ₱78,000 and the rate of discount is 5%?

a. ₱3,900 b. ₱39,000 c. ₱7,401 d. ₱74,100

7. You want to buy jewelry with an option to choose between a 35% single discount and
a series of discounts of 20%, 25%, and 10%. Which offer will you choose?
a. a series of discounts of 20%, 25%, and 10% b. 35% single discount

c.25% single discount d. 20% single discount

8. What is the amount of money left after costs and other expenses are deducted from
the total sales?

a. profit b. revenue c. loss d. cost

9. Which among the following conditions is true in order to obtain profit?

a. revenue > cost b. revenue = cost c. revenue < cost d. revenue ≠

cost

10. How much is the profit if a 50-piece box of facemasks that is purchased for ₱100 is
sold for ₱4 per piece?

a. ₱200 b. ₱300 c. ₱100 d. ₱400

11. Ronald recorded a total of ₱8,000 for the total cost of producing 100 personalized
phone casings. When all the items were sold, he recorded a profit of ₱6,000. Which of
the following is the revenue?

a. ₱2,000 b. ₱6,000 c. ₱8,000 d. ₱14,000

12. Jay's total revenue from his car wash business today is ₱1,650.00. If his profit is
₱530.00, how much expenses and cost does he incur for the day?

a. ₱1,120.00 b. ₱2,180.00 c. ₱1,210.00 d. ₱1,150.00.

13. Which of the following is the correct equation to solve the break-even point when the
fixed cost of all the items is ₱250,000, while the variable cost per unit is ₱20, and the
price is ₱120 each?

a. BEP = 250,000/ (120-20) b. BEP = 250,000/ (20-120)

c. BEP = 20/ (250,000-120) d. BEP = 120/ (120-250,000)

14. Which of the following happens in this situation: Mae ordered 20 cupcakes for ₱440
and sold it for ₱22 each?

a. Break-even happens, because the cost is less than the revenue.

b. Break-even happens, because the cost is greater than the revenue.

c. Break-even happens, because the cost is equal to the revenue.

d. Break-even happens, because the cost is not equal to the revenue.

15. What is the break-even point when the fixed cost of the production of items is
₱250,000, while the variable cost per unit is ₱20, and the price of each item is ₱120?

a. 2,500 unit’s b. 25 unit’s c. 250 unit’s d. 25,000 units

16. Faye is deciding how many items she needs to produce in order to break even. If the
fixed cost is ₱150,000 and the variable cost per unit is ₱30 and the price is ₱130 per
unit, what is the break-even point?

a. ₱1,500 b. ₱1,600 c. ₱1,700 d. ₱1,800

17. If the principal is ₱24,000, the future value is ₱29,000, and the period is 9 months,
what is the interest?

a. ₱12,000 b. ₱20,000 c. ₱5,000 d. ₱9,000

18. Compute the final amount if ₱25,000 is invested at 12% compounded quarterly for 3
years.

a. ₱35,644 b. ₱27,318 c. ₱28,137 d. ₱26,015

19. How much will be your money after 5 years if you invested ₱57,200 at 6%
compounded bimonthly?

a. ₱138,839 b. ₱77,097 c. ₱66,432 d. ₱68,450

20. If you invest ₱1,000 at an annual interest rate of 5% for 3 years, how much simple
interest will you earn?
a. ₱50 b. ₱150 c. ₱300 d.
₱500

Test II. True or False. (10 points)

Instructions: Write true if the statement is correct. Otherwise, write false.
_______________21. Break-even point is the point where revenues equal the total of all
expenses
and the cost of goods sold.
_______________22. When total cost is greater than the total sales, it is ensured that cost
and
expenses are already covered.
_______________23. Break-even occurs when there is a difference between revenue and
cost.
_______________24. A total revenue of ₱150,000 and a total cost of ₱105,000 will result in
a profit
of ₱45,000.
_______________25. A higher total cost of your product compared to its total sales results
in a profit.
_______________26. Increasing your sales is helpful in preventing losses in a business.
_______________27. Greater total sales compared to the costs and expenses will lead to a
loss.
_______________28. Loss happens when the cost is greater than the revenue.

_______________29. To compute the mark-down, you need to multiply the rate of mark-
down and
the cost.
_______________30. After subtracting the mark-down from the old selling price, you will
get the
new selling price.

Test III. Problem solving (10 points)

Instructions: Solve the following problems. Show your complete solutions and label
your final answers properly.
31-32. A phone originally costs ₱800 but is on a 15% discount. What is the final price
after the discount?

33-34. If you invest ₱2,000 at an interest rate of 3% per year for 5 years, how much
interest will you earn?

35-36. A salesperson earns a 10% commission on ₱4,500 in sales. What is their total
commission?

37-38. A supervisor receives a 26% commission after completing sales amounting to

₱60,500.00 and another 6% from the subordinates’ performance amounting to
₱125,500.00. Compute the total commission.

39-40. A sales agent is entitled to a 4% commission for every sale made. For this day,
the agent sold ₱45,000.00 worth of products. Compute the commission that the agent
will receive.

Test IV. ESSAY (10 points)

Instructions: Write an essay explaining how you would use discount, profit or loss,
interest, and commission to run a successful business, with examples to support your
ideas.

Criteria Points Description

Content and 4 Clearly explains the concepts with relevant
Understanding examples.
Application and 3 Shows practical use of the concepts in business
relevance scenarios.
Organization and Clarity 2 Ideas are well structured and easy to follow.
Grammar and 1 Correct grammar, spelling, and neat formatting.
Presentation

"As a business owner, you need to understand discount, profit or loss, interest, and
commission to make good decisions. Explain how you would use these concepts to run a
successful business. Give examples to show how they can help you in real-life
situations."
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GREEN ROSE CENTER FOR ACADEME INC.

Purok Gemelina Estaca Compostela Cebu, Philippines 6003
E-mail add: [email protected], [email protected]
Government Recognition No: PRE-ELEM: 04 S. 2017, ELEMENTARY: 5, S. 2017, JHS: 06, S.2017, SHS: 059 S.2018
School ID: 408281

TABLE OF SPECIFICATION
MIDTERM ASSESSMENT
S.Y. 2023-2024
Subject: Business Math Grade Level: 11
LEARNING % IN
COGNITIVE DOMAIN AND ITEM TEST
COMPETENC TOPICS TOTAL
PLACEMENT
Y

KNOWLEDGE COMPREHENSION APPLICATION

Lesson 1:
Mark-On, Mark-
Down, Mark- 1,2,29 30 3,4 6 12%
Up, and
Margins
 Lesson 2: 7 5,6,31,32 5 10%
Discounts

Lesson 3: 8,28, 9,25,26,27 10,11,12,24 10 20%

Profit and Loss

Lesson 4: 13 14 15,16 4
Break-Even
8%

Lesson 5: 21,23 22 17,18,19,20,33 9 18%

Interest ,34

Lesson 6: Test IV 35,36,37,38,39 16 32

Commissions ,40
41-50

TOTAL 8 18 24 50 100%
Prepared by:
IRISH MAE LATO
Teacher’s Signature over Printed Name

Checked by:
PRETZEL C. ALASAGAS
Department Head/Signature

JOLLYJOIE S. PEPITO
Assistant Principal/Signature

Noted and approved by:

DR. MARIA GREENVILLE A. SOLON

School Directress-Principal/Signature