Business Math 2nd Quarter With Answer Key

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Republic of the Philippines

DEPARTMENT OF EDUCATION
Region IX, Zamboanga Peninsula
Division of Zamboanga City
CULIANAN NATIONAL HIGH SCHOOL
Culianan, Zamboanga City
SECOND QUARTER EXAMINATION

BUSINESS MATHEMATICS
st
1 Semester S.Y. 2018 - 2019
Name: Grade & Section:
TEST I. MODIFIED TRUE OR FALSE (Remembering)

Directions: Write “2nd SEM” if the statement is true. If the statement is false, changed the underlined
word/words/number to make it true. Write your answer on the space provided before each item.
1. Straight Commission which is also called revenue commission is based on a percentage of sales only.
2. Down payment is a first payment that one makes when one buys something with an agreement to pay
the rest later.
3. Salary is the compensation usually quoted annually or monthly for an employee. Wage, on the other
hand, is compensation quoted in an hourly or daily rate for an employee.
4. The gross income of an individual refers to the total amount he/she earned before deductions are
made
5. The net income of an individual is the difference between his/her gross income and deductions.
6. The employee’s payslip is a regular report that summarizes the computations for net income.
7. Overtime pay is compensation received for additional work done beyond eight hours.
8. If overtime hours are rendered on a special holiday or on a rest day, then the overtime rate will
be 130% of the applicable hourly rate on the amount received for working on a special or rest
day.
9. A time series is a set of data points measured over a time interval.
TEST II. MULTIPLE CHOICE (Higher Order Thinking Skills)

Directions: Choose the correct answer and write only the letter on the space provided before each item.
10. Which commission type varies according to how much sales is made?
a. straight b. salary plus c. graduated d. variation
11. Among the following statements, which is/are NOT true?
i. An employee paid by straight commission does not receive a regular monthly salary.
ii. The higher the sales, the greater is the commission rate in a graduated commission type.
iii. An employee may receive a regular salary and a commission on top of it.
a. i and ii only b. ii and iii only c. i and iii only d. all statements are true
12. Which of the following refers to the total amount you have to pay that includes penalties or interest incurred by
unpaid balance from a loan or payment you are supposed to have made but was not able to do so on time.
a. current increased balance c. down payment
b. gross balance d. penalty unpaid balance
13. Calamares, a clerk at a motorcycle store, receives Php7,500.00 a month in addition to 3% of the month’s total
motorcycle sales. If October’s sales amounted to Php800,000.00, how much is Calamares’ gross income in October?
a. Php7,500.00 b. Php24,000.00 c. Php31,500.00 d. Php39,000.00
14. Which of the following represents the compensation that is usually quoted annually or monthly for an
employee?
a. salary b. wage c. benefit d. income
15. The net income of an individual is the difference between his/her gross income and deductions. Which of the
following is NOT an example of deductions applicable in the computation of the net income?
a. Overtime pay b. PhilHealth c. SSS d. Pag - ibig
16. If an employee renders work on a special holiday coincident with his/her rest day then he/she is entitled to
receive which type of pay?
a. Piece – rate pay b. Overtime pay c. Bonus d. 13 – month pay
17. Overtime pay is compensation received for additional work done beyond eight hours. Which of the following
rate is being used in computing overtime pay.
a. Piece – rate b. Overtime rate c. Bonus rate d. 13 – month rate
18. Which of the following tabular/graphical presentation of data is very useful for comparing categories of a
Second Quarter Examination in Business Mathematics S.Y. 2018- by:

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variable among different groups?

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a. pie graph b. line graph c. bar graph d. time – series graph
19. AilynFor
receives
numbers20%19commission onthe
- 21, identify thetype
appliances she sells.as illustrated in each given situation
of commission
20. Elizabeth decides to work for
a. straight another
b. salary company thatc. will
plus pay her PhP2,000d.per
graduated week and 10% commission on
customized
sales above PhP20,000 for the week.
21. Gerry works for a company that pays him 2% on the first PhP 20,000 sold, 3% on the next PhP 30,000 sold and
5% on all sales beyond PhP50,000.
22. Evy works at ABC Gadget Store. For every cash purchase of a cell phone, she gets 6.1% commission. In a
particular month, she was able to sell 10 cellphones costing PhP18,000 each. How much was her total
commission for such cash sales?
a. PhP 180,000 b. PhP 100,980 c. PhP 18,000 d. PhP 10,980
23. At Zambowood’s Gadget Store, some items are paid on installment basis through credit cards. Clariza was able
to sell 10 cellphones costing PhP18,000 each. Each transaction is payable in 6 months equally divided into 6
equal installments without interest. Clariza gets 2% commission on the first month for each of the 10 cell
phones. Commission decreases by 0.30% every month thereafter and computed on the outstanding balance for
the month. How much commission does Clariza receive on the third month?
a. PhP 3,600 b. PhP 2,550 c. PhP 1,680 d. PhP 990
24-25. An appliance center agent sold a set of kitchen utensils for PhP20,000 and got a PhP600 commission. What
was the commission rate?
a. 1% b. 2% c. 3% d. 4%
26. A tutor who is paid PhP200 per hour is earning a wage. How much does he earn for a 10-hour week work?
27. A university assistant professor is usually given a monthly salary. If his salary is PhP40,000 per month, how much
does he get every two weeks?
28. A minimum wage earner in Zamboanga City is paid PhP481 for an 8-hour workday. What is his/her hourly wage?
a. PhP 60.13 b. PhP 87.50 c. PhP 92.15 d. PhP 100
29 – 30. Casey’s regular working days are from Tuesday to Sunday. Last week she rendered 56 hours of work. If she
is paid php 315 per hour, which of the following is her gross pay for the week? Assume that the overtime rate is
125% of the regular rate.
For numbers 31 – 32, identify which method of data presentation is illustrated in each given
item.
31.
32.
TEST III. IDENTIFICATION

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Directions: Identify what is being illustrated in each number. Choose the letter of the answer from the box below
and write it on the space provided before each item.
a) Salary – plus commission e) wage i) salary

b) Straight commission f) net income j) gross income
c) Graduated commission g) income tax k) pie graph
d) Withholding Tax h) column graph l) bar graph
33. Edgardo makes PhP12,000 a month plus some money by commission rates. He gets 8% of everything he sells.
34. Vincent makes money by commission rates. He gets 15% of everything he sells.
35. A salesperson gets a commission for his sales based on the following scale: 6% on all sales; 5% on all sales
between PhP50,000 and PhP100,000; and 4% on all sales over PhP100,000
36. A fast food service crew is paid per hour.
37. An employee is paid PhP16,000 for working 20 days in a month.
38. A teacher who gets a basic monthly salary of PhP20,000 and has to pay every year PhP22,500 for income tax,
PhP4,500 for PhilHealth, PhP1,200 for Pag-ibig and PhP6,975.60 for SSS contributions
39. A policeman who gets a basic salary of PhP25,000 per month, a living allowance of PhP2,500 per month and a
hazard pay of PhP12,000 per year.
40. 20% of April’s income is taken directly from her compensation and is paid directly to the government.
41. Eduardo won worth Php 1,000,000,000 in the PCSO Lottery and received Php 800, 000,000 exclusive of tax.
42. Constructing a graph for a breakdown of Company E expenses in 2017
43. Constructing a graph for Company C sales and net income from 2011-2018
44. Constructing a graph for Company D sales and itemized expenses, 2017
TEST IV. PROBLEM SOLVING (Higher Order Thinking Skills)

Directions: Read and analyze each problem carefully. Show your COMPLETE solution and indicate your final
answer inside a box.
45-47.)In October, the store’s management changes the basis for Marian’s commission. The pay she is to receive will be
14% of her total sales. If she sells 135 electric fans, and each electric fan is sold for Php 850.00, how much will her
commission in December be?
48-50.) Hansel, a clerk at a motorcycle store, receives Php 7,500.00 a month in addition to 3% of the month’s total
motorcycle sales. If August’s sales amounted to Php 800,000.00, how much is his gross income in August? (3pts)
51-52.) Given the pie chart below, determine how many associates, junior partners and senior partners the said law
firm has.
TEST V. CRITICAL THINKING

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Directions: Read and analyze each given situation carefully. Write your answer on the space provided after each
given situation.
53-54.)Provide a real-life situation illustrating how to obtain gross balance. (2pts)
55-56.) Give an example of a real-life situation illustrating net earnings. (2pts)
57.) Cite an example of standard deductions in real – life situations. (1pt)
58-60. Create your own data about the SHS Track of Culianan National High School for school year 2018 – 2019 and
present it in tabular form (3pts)
Rubrics for Problem Solving (3pts) Rubrics for Problem Solving (2pts)
3pts----correct answer with correct and complete solution 2pts----correct answer with correct and complete solution
2pts----correct answer with incomplete solution 1.5pts--correct answer with incomplete solution
1pt-----incorrect answer with solution 1pt-----incorrect answer with solution
0.5pt--incorrect answer with no solution 0.5pt---incorrect answer with no solution
No point--- no attempt No point- - -no attempt
Rubrics for Critical Thinking (3pts) Rubrics for Critical Thinking (2pts)
3pts----correct answer with correct reasoning/grammar 2pts----correct answer with correct reasoning/grammar
2pts----correct answer with incorrect reasoning/grammar 1.5pts-- correct answer with incorrect reasoning/grammar
1pt-----incorrect answer with incorrect reasoning/grammar 1pt-----incorrect answer with incorrect reasoning/grammar
0.5-----incorrect answer with no logical reason 0.5------incorrect answer with no logical reason
No point--- no attempt No point- - -no attempt
Good Luck!!! 
` PREPARED BY:
JOANES C. OCAMIA
SHS Math Teacher

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1|Pa ge

Republic of the Philippines

SECOND QUARTER EXAMINATION

Name: Grade & Section:

TEST I. MODIFIED TRUE OR FALSE (Remembering)

TEST II. MULTIPLE CHOICE (Higher Order Thinking Skills)

Second Quarter Examination in Business Mathematics S.Y. 2018- by:

Second Quarter Examination in Business Mathematics S.Y. 2018- by:

TEST III. IDENTIFICATION

Second Quarter Examination in Business Mathematics S.Y. 2018- by:

a) Salary – plus commission e) wage i) salary

TEST IV. PROBLEM SOLVING (Higher Order Thinking Skills)

TEST V. CRITICAL THINKING

Second Quarter Examination in Business Mathematics S.Y. 2018- by:

55-56.) Give an example of a real-life situation illustrating net earnings. (2pts)

57.) Cite an example of standard deductions in real – life situations. (1pt)

Second Quarter Examination in Business Mathematics S.Y. 2018- by:

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