Business MathematicsAssessment Exam

Name: _____________________________________________ Date: ______________

Direction: Write your answer on the space provided. Use the back page for your
computations.

__________________1. 2.5% of what amount is P80.00?

__________________2. A and B are business partners that share 2:3 profits and
losses. If the capital of A is P16, 800, how much is the capital of B?

__________________3. Jan is a sales manager receiving a monthly salary of P18,000,

a commission of 5% in his sales, and a monthly transportation allowance of P5,000.
He is also given an override of 1% on his men’s sales. For the month of August, Jan
sold a total of P110,000. His men sold a total of P380,500. How much is his gross
earnings?

__________________4. Compute for the monthly payment on a mortgage worth P100,

000 payable in 3 years at 15%.

__________________5. What is the actual time and approximate time between April
22 and August 25?

Original SP New SP Markdown Markdown Rate

1) P320 P280

2) P625 P575

3) P300 20%

4) P475 30%

5) P644 P84

List Price Discount Rate Discount Net Invoice NIP Rate

Price

1) P158.75 5%

2) P865.00 12.5%

3) P1,300 P104

4) P3,650 P803

5) P725 P522
 Net
Invoice Payment Cash
Invoice Date TOP Amount
Amount Date Disc.
Due

3 2 𝑛
1) 576 May 28 , , Jun. 12
15 20 90
2 1 𝑛
2) 785 Apr. 22 , , May 7
10 15 60
3 𝑛
3) 895 Mar. 12 , Apr. 26
10 45
2 𝑛
4) 645 Feb. 25 , Mar. 6
10 30
1 𝑛
5) 1,675 Jan. 15 , Jan. 28
15 45

Principal Rate Time Interest Future

Value

1) P1000 10% 3 year

2) P2000 2%/month 2 years

3) P3000 12% 6 months

4) P2550 8% 2 quarters

5) P850 3%/quarter 9 months

Principal Rate Time Interest Future

Value

1) P1000 10% 3 year

2) P2000 2%/month 2 years

3) P3000 12% 6 months

4) P2550 8% 2 quarters

5) P850 3%/quarter 9 months