FINAL EXAMINATION

BUSINESS MATHEMATICS
Name:_________________________________________ Score:________________

Section:________________________________________ Date:_________________

Multiple Choice. Read and analyze each item. Select the letter of the best answer.

1. A commission type which means that the rate of commission increases as the sales increases
a. straight commission c. salary plus commission
b. graduated commission d. customized commission
2. A type of commission where in a salesperson gets paid a salary and a percentage of sales.
a. straight commission c. salary plus commission
b. graduated commission d. customized commission
3. A type of commission where in a salesperson is paid a percentage of his/her total sales.
a. Straight commission c. salary plus commission
b. Graduated commission d. customized commission
For items 4 - 6, identify the type of commission as illustrated in each given situation
a. straight b. graduated c. salary plus d. customized
4. Ailyn receives 20% commission on the appliances she sells.
5. Elizabeth decides to work for another company that will pay her PhP2,000 per week and 10% commission on sales above
PhP20,000 for the week.
6. 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.
7. A real estate agent sold a piece of property for 50,000. His commission is 7.5%. How much does he received?
a. ₱3,000 b. ₱3,750 c. ₱2,000 d. ₱2,750
8. A salesman received ₱630 for selling a boat. His rate of commission was 5.25%. What was the selling price?
a. ₱13,000 b. ₱13,750 c. ₱12,000 d. ₱12.750
9. How much would you have to deposit at 4% in order to withdraw ₱819 at the end of 1 year and 3 months?
a. ₱500 b. ₱650 c. ₱780 d. ₱700
10. Sarah earns a base salary of 350 every week with an additional 10% commission on everything she sells. If Sarah sold
2,200 worth of items last week, what was her total pay?
a. ₱570 b. ₱500 c. ₱430 d. ₱525
11. A class sold magazine subscriptions as a fund raising event so they could go on a class trip. They earned a 30%
commission on their total sales. If the class sold a total of 3,850 in magazine subscriptions, how much did the class earn
toward their trip?
a. ₱1,500 b. ₱1,155 c. ₱2,000 d. ₱2,750
12. Jim works at a store where he is paid a weekly salary of 125 plus a 5 ½% commission on his total sales. On a particular
week, Jim sold a total 985. How much did Jim earn that week?
a. ₱117.15 b. ₱108.4 c. ₱179.18 d. ₱150
13. A salesman earns a monthly salary of 850 plus a 9% commission on all sales above 6,000. On a particular month, he had
total sales of 11,875. How much did he earn in all that month?
a. ₱1,378.75 b. ₱1,350.25 c. ₱1,250 d. ₱1,375
14. A salesman agreed to have a monthly basic pay of 12,000 plus a commission of 8% on all sales above 75,000. How much
is his take home pay in a month where his total sales amounted to 120,000?
a. 12,000 b. 15,600 c. 21,600 d. 48,000
15. A salesman agreed to have a monthly basic pay of 15,000 plus a commission of 10% on all sales above 75,000. For the
month of June, his total take home pay amounted to 18,500. Find his total sales for the month of June.
a. 35,000 b. 110,000 b. 150,000 d. 180,000

For Items 16-17

Myla, to be able to sustain her finances in her studies, decided to agree to sell cosmetic products with 8% commission
on whatever
16. If she wassales
ableshe’ll
to sellget.
onlyAs35,000
an incentive,
worth ofshe washow
items, offered
muchtheischance
her totalthat if she’ll have a sales of 50,000 or above,
pay?
she’ll be given
a. additional
1,750 b.5% of her total
2,800 sales. d. 28,000
c. 4,550
17. If she was able to sell 60,000, find her total pay.
a. 3,000 b. 4,500 c. 4,800 d. 7,800
18. Jay is a product manager and handles 5 salesmen. He is given 15,000 monthly pay and is earning 4% commission on all
his personal sales. Also, he is given 1.5% override on the total sales of his 5 salesmen. In addition, he was granted
transportation allowance of 1,500 monthly. For the month of December, his 5 salesmen posted total sales of 55,000 while
his own sales amounted to 50,000. How much is his take home pay for the month of December?
a. 15,000 b. 17,825 c. 19,325 d. 22,625
19. A salesman has a basic pay of 6,000 and an additional incentive of 8% on all his sales above 25,000. Find his total sales
in a month where his take home earnings is 10,000?
a. 40,000 b. 75,000 c. 125,000 d. 150,000
For items 20-22
David is given a semi-monthly salary of 4,200 and a commission on all sales above 30,000, his quota, following this
scheme:
 First ₱10,000 above quota ▬ 0.75% commission
 Next ₱20,000 above quota ▬ 1.5% commission
 Next
20. Find David’s in aabove
₱50,000
earnings monthquota
where▬his5% commission
sales amount to ₱40,000.
a. 75 b. 4,275 c. 8,400 d. 8,475
21. Find David’s earnings in a month where his sales amount to ₱75,000.
a. 675 b. 4,875 c. 9,075 d. 10,650
22. Find David’s earnings in a month where his sales amount to ₱180,000.
a. 7,500 b. 11,700 c. 15,900 d. 17,400
23. Jess, a Product Manager, is receiving an annual salary of ₱151,200. He is also given 8% commission on all his sales and
an override of 6%. He is also entitled to a representation allowance of 1,800 a month. Compute for his commission if his
 total sales is 75,000.
a. 4,500 b. 6,000 d. 10,500 d. 20,400
24. 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
25. It is the amount of earnings received by an employee on a piece rate, hourly rate or daily rate.
a. salary b. wage c. benefit d. income
26. It is the amount earned by a person through commission on selling a particular product, dividend for being a stockholder,
royalties as author/writer, or any other income as a result of whatever business a person is involved in.
a. salary b. wage c. benefit d. income
27. The net pay of an employee is the difference between his/her gross earnings and deductions. Which of the following is
NOT an example of deductions applicable in the computation of the net pay?
a. Overtime pay b. PhilHealth c. SSS d. Pag – ibig
28. 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
29. How much is the monthly salary of an employee earning 210,000 per annum?
a. 8,750 b. 17,500 c. 21,000 d. 35,000
30. Josie, a dressmaker is paid on a per-piece basis at a rate of 5 per piece of curtain she finished. How much is her total
earnings if she can finish 120 pieces in a day?
a. 24 b. 500 c. 600 d. 650
31. Joan is earning a minimum daily wage of 350. If she worked 10 hours in a regular day, find her daily pay.
a. 350 b. 404.69 c. 459.38 d. 500
32. Michael, a student is regularly earning 120 a week by selling newspaper. At this rate, how much will he expect to earn in 6
months?
a. 120 b. 480 c. 720 d. 2,880
33. Luis rendered an additional 3 hours overtime work on a regular day. If he earns 400 a day, how much is his total pay for
the day?
a. 400 b. 462.5 c. 525 d. 587.5
34. Malou is earning 72.50 per hour. Find her total pay in a day where she was asked to render 2 hours overtime on her rest
day.
a. 754 b. 674.25 c. 768.5 d. 999.05
35. Mildred is earning a daily wage of 400. If she was requested to work for 10 hours on January 1, find her total pay for that
day?
a. 800 b. 930 c. 1,050 d. 1,060

For items 36-40 (5points)

Noli receives basic annual salary of 420,000. Generally, he is deducted 10% withholding tax,
3% SSS, 450 for Philhealth and 3% for Pag-ibig. Find Noli’s net pay then prepare a table for his
compensation and show them using a pie graph.

For items 41-44

The histogram for a frequency distribution is given below.

41. What is the frequency of the class interval 15-20?

a. 20 b. 25 c. 30 d. 15
42. What is the class intervals having the greatest frequency?
a. 10-15 b. 15-20 c. 20-25 d. 35-40
43. What is the class intervals having the least frequency?
a. 10-15 b. 15-20 c. 20-25 d. 35-40
44. What is the cumulative frequency of the class interval 25-30?
a. 75 b. 90 c. 100 d. 105

For items 45-47

The bar-graph given shows the percentage distribution of total expenditures of a company
under various expense heads during 2019. Study the graph and answer the question that
follows:
45. The expenditures on the interest on loans are by what percent more than the expenditures on transport?
a. 10% b. 20% c. 30% d. 40%
46. What is the ratio of the total expenditure on infrastructure and transport to the total expenditure on taxes and interest on
loans?
a. 5:4 b. 8:7 c. 9:7 d. 13:11
47. The total amount of expenditures of the company is how many times the expenditure on research and development?
a. 27 b. 20 c. 18 d. 8

For items 48-50

Answer questions regarding the graphs.

48. How many bagels were sold in April?

a. 230 b. 235 c. 240 d. 245
49. When were the least number of bagels sold?
a. November b. December c. April d. May
50. What is the ratio of the least number of bagels sold to the greatest number of bagels sold?
a. 160: 240 b. 160: 245 c. 240: 160 d. 245:160

GOOD LUCK!!