BUSINESS MATH

1. If the selling price (SP) of an article is greater than the cost price (CP), the difference between the selling price and the cost price is called .____.

• Discount

• Loss

• Rate

• Profit

2. If the selling price (SP) of an article is less than the cost price (CP), the difference between the cost price and the selling price is called _______.

• Discount

• Loss

• Rate

• Profit

  
  

3. Break Even Point is computed using the formula BREAK EVEN POINT =  FIXED COST over AVERAGE PRICE LESS VARIABLE COST. Mr. Lorenzo started a business that sells slippers. The selling price is P 8.00, variable cost per unit is P 5.00 and fixed costs are P 2,400,000.00 per annum. Calculate its break-even point in units.

• 85,000 units

• 35,000 units

• 800,000 units

• 70,000 units

9. 4. Mrs. Loyzaga was assigned as the new manager of the Kababayan Restaurant. However, because of the pandemic she wasn’t sure if the current situation will allow them to make a profit that can at least covers the total expenses. The restaurant has a total fixed cost of P 500,000.00. the cost per meal produced is P 300.00 which they sell at P 500.00 per plate. The owner also wants to have at least an income of P 200,000.00. She needs to know at what point that the company will be safe and her position as a manager will be safe too.

Compute for the break-even point in units.

• 2,000 units

• 1,500 units

• 3,000 units

• 2,500 units

 5. Mrs. Loyzaga was assigned as the new manager of the Kababayan Restaurant. However, because of the pandemic she wasn’t sure if the current situation will allow them to make a profit that can at least covers the total expenses. The restaurant has a total fixed cost of P 500,000.00. the cost per meal produced is P 300.00 which they sell at P 500.00 per plate. The owner also wants to have at least an income of P 200,000.00. She needs to know at what point that the company will be safe and her position as a manager will be safe too.

Compute for the break-even point in sales.

• P 1,250,000.00

• P 1,550,000.00

• P 1,350,000.00

• P 1,450,000.00

6. Maricar saved a total of P 1,500.00 after a 12% discount was given to all her purchases. How much was her total purchase?

• P 12,500.00

• P 11,000.00

• P 10,500.00

• P 12,000.00

7. An air conditioning unit, listed at P 36,000.00 with a discount of P 7,200.00 is offered to a customer. Determine the discount rate.

• 30%

• 35%

• 25%

• 20%

8. Savemore supermarket places a P 3,500.00 worth of order for assorted brands of chocolate. The chocolate wholesaler gave a 25% discount. How much is the trade discount?

• P 875.00

• P 675.00

• P 775.00

• P 975.00

9. A cellphone with an original price of P 3,150.00 is off by 8%. How much is the discount?

• P 52.00

• P 252.00

• P 352.00

• P 152.00

10. Zoe saved P 500.00 from a P 1,500.00 purchase. Determine the discount rate given to her.

• 39.33%

• 30.33%

• 33.33%

• a. 36.33%