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