Business Math - Midterm reviewer

It happens when the total revenues exceed the total expenses during a period of time.

• Profit

• Loss

• Gain

• Income

It occurs when total expenses exceed total revenue during a specific period.

• Profit

• Loss

• Gain

• Income

This is the amount that includes the revenue and gains.

• Profit

• Loss

• Gain

• Income

The income that relates to activities that are not normally part of the operations of the entity.

• Profit

• Loss

• Income

• Gain

Marketing expenses, Advertising expenses, Salesperson salaries are examples of _______.

• Tax Expense

• Administrative expenses

• Interest expense

• Selling Expenses

The expenses that are borrowed by companies to finance their operations.

• Finance Cost

• Administrative cost

• Manager cost

• Coast to cost

Given: Cost Price = ₱885 and Profit = ₱838, what is the Profit %?

• 94.69%

• 93.69%

• 92.69%

• 91.69%

Given: Profit = ₱48.00 and % Profit = 49.28%, What is the selling price?

• P135.40

• P145.40

• P155.40

• P165.40

Given: Cost Price = ₱52,157 and Selling Price = ₱44,879, How much is the Loss?

• P7,258

• 7,268

• P7,278

• P7,288

A dealer bought a car for ₱550,000. How much must he resell the car to be assured of a 30% profit?

• P415,000

• P515,000

• P615,000

• P715,000