First Quarter Examination
Business Mathematics
First Semester S.Y. 2019 - 2020
Name: ________________________________ Course: ______________________________
Subject: Business Mathematics Score ______________________________
Test 1. Identification. Complete the chart below by identifying the groupings and order of numbers:
Periods
Orders
Decimal
Point
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)
1) _____________________________________
2) _____________________________________
3) _____________________________________
4) _____________________________________
5) _____________________________________
6) _____________________________________
7) _____________________________________
8) _____________________________________
9) _____________________________________
10) _____________________________________
Test II. Problem Solving.
A. Write each of the following in figures:
1. Nine thousandths _____________________________________
2. Twenty and six hundredths centavos
______________________________________
3. Ninety-three thousand, forty-three and two thousand, two hundred six millionths
____________________________________________
4. Eleven thousand, two pesos and thirty-one and 7 tenths centavos
____________________
5. Fifteen and six hundred forty-seven hundred-thousandths
__________________________
B. Round-off the following mixed numbers as indicated:
1) 201,501,200 million ______________________________
2) .1200364 hundred-thousand ______________________________
3) 66,505 thousand ______________________________
4) 778 hundred ______________________________
5) 3284 thousand ______________________________
C. Rearrange the following from highest to lowest:
1) 0.8672 2. 0.00952 3. 0.5461 4. 0.9043 5. 0.0025
0.7682 0.0952 0.0654 0.90043 0.000251
0.0876 0.952 0.654 0.90431 0.00251
0.076 0.0592 0.0564 0.90403 0.0251
0.6872 0.009521 0.4651 0.9034 0.00205
D. Complete the following cash receipts
Cash Receipts Journal, July 2018
Date Amount Due(P) Discount(P) Cash Received(P)
July 1 994.42 94.35 ___________________ (1)
2 4,718.92 26.58 ___________________ (2)
Total _____________ (4) ___________ (5) _______ ___________ (3)
E. Solve the following problems: Show your complete solution. (5pts each- Solve in a separate
paper)
1. At Xerxes Store, gross sales were worth P395,731.52 with refunds and allowances to
customers worth P8,273.25. The beginning inventory was P85,394.50 while the ending
inventory was P33,982.75. Purchases totaled P5,000 with a refunds and allowances of
P655. Find the :
a. Net Sales
b. Net Purchases
c. Goods available for sale
d. Cost of goods sold
e. Net profit of Loss
2. On the morning of July 01, Thristan Roi placed a P150.00 in change in his cash register.
At the end of the day, the cash sales totaled to P476.85 while the total cash paid out
amounted to P 36.75. The amount cash on hand in the money drawer was P 515.50.
Prepare the proof of cash for the day showing the amount of cash short or over.
3. Find the cost of each purchases made by Mrs. Tessie: (limit your solutions in 2 decimal
digits only)
a) 4000 pieces of calamansi at P150 per C
b) 850 eggs at P102 per dozen
c) 16,600 folders at P6,000 per M
d) 1,250 sheets of newsprint at P11.50 per ream
e) 3775 pounds of fertilizers at P1,750 per T
Answer:
Test I.
1. Unit 6. Hundredth
2. Hundred 7. Thousandth
3. Ten 8. Ten-thousandth
4. One 9. Hundred-thousandth
5. Tenth 10. Millionth
Test II.
A.
1. 0.009 B. 1. 202,000,000
2. P20.0006 2. .1200400
3. 93,043.002206 3. 66,000
4. P11,002.317 4. 800
5. 15.00647 5. 3,000
C. 0.8672 0.952 0.654 0.90431 0.0251
0.7682 0.0952 0.5461 0.9043 0.00251
0.6872 0.0592 0.4651 0.90403 0.0025
0.0876 0.009521 0.0654 0.9034 0.00205
0.076 0.009520 0.0564 0.90043 0.000251
D.
1. 900.07
2. 4,692.34
3. 5,592.41
4. 5,713.34
5. 120.93
E. 1. A. Net Sales=Gross Sales – Sales Refunds and Allowances
= P395,731.52 – 8,273.25 = P387,458.27
B. Net Purchases = Gross Purchases – Refunds and allowances
= P5,000 – 655 = P4,345.00
C. Goods available for sale = Inventory beginning + Net Purchases
= P85,394.50 – 4,345.00 = P89,739.50
D. Cost of goods sold = Goods available for sale – Inventory ending
= P89,739.5 – 33,982.75 = P55,756.75
E. Gross Profit = Net Sales – Cost of goods sold
=P387,458.27 – 55,756.75 = P331,701.52
2. Change Fund P 150.00
Total cash received 476.85
Total Cash 626.85
Total cash paid out 36.75
Cash to be accounted for 590.10
Cash on Hand 515.50
Cash Short P 74.60
3. a. Cost = 4000 / 100
= 40 x P150 = P6,000.00
b. Cost = 850 / 12
= 70.83 x 102 = P7,224.66
c. Cost = 16,600 / 1000
= 16.60 x 6000 = P99,600.00
d. Cost = 1,250 / 500
= 2.50 x P11.50 = P28.75
e. Cost = 3775 / 2000
= 1.89 x P1,750 = P3,307.50
