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Business Mathematics

Authored by RICHARD HIDALGO

Mathematics

11th Grade

CCSS covered

Used 19+ times

Business Mathematics
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35 questions

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1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Meaning of profit is..

A. Total money obtained by selling goods

B. Difference of fixed price and selling price

C. Value remaining after subtracting expenses from earnings

D.Total expenses in transaction

Tags

CCSS.7.EE.B.3

2.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is computed as the markup amount divided by the product cost?

A. Markup based on selling price

B. Cost

C. Selling price

D. Markup based on cost

Tags

CCSS.6.RP.A.3B

3.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following is the amount by which the cost of a product is increased in

order to derive the selling price.

A. Margin

B. Markup

C.Cost

D. Selling price

Tags

CCSS.6.RP.A.3C

4.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

It is the sum of the cost of the product and expenses.

A. Operating Expenses

B. Original Price

C. Selling Price

D. Total Cost

Tags

CCSS.7.NS.A.1C

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A restaurant offered a promo sale, the original price of a dinner steak was ₱ 849 and

was sold at ₱ 619. What is the mark-down?

A. Php 230

B. Php 250

C. Php 270

D. Php 290

Tags

CCSS.7.EE.B.3

6.

MULTIPLE CHOICE QUESTION

1 min • 1 pt

Jerson spends ₱3 500.00 in assembling a mountain bike. He wants to sell it with 30%

margin. How much should he sell it?

A. ₱6 000.00

B. ₱7 000.00

C. ₱4 000.00

D. ₱5 000.00

Tags

CCSS.6.RP.A.3C

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A trader was able to buy an item with a list price of ₱650.00 per piece. What is the discount

rate, if the trader paid ₱11 960.00 for 20 pieces order of the item?

A. 11%

B. 10%

C. 9%

D. 8%

Tags

CCSS.6.RP.A.3C

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