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Subject: Score:

Directions: Read and analyze each question carefully. Choose the letter that
corresponds the correct answer shade it accordingly on the given answer sheets.

1. Julie Gomez works as a sales woman. 7. Mrs. Insular would like to buy a
She is paid a salary of P 3,000.00 a week refrigerator at Php40,000. She is
plus 2% commission on sales over P required to pay a downpayment of
4,000.00. Find her gross pay for a week Php10,000 and she will pay the rest at
in which her sales are P 9,500.00. 6% interest for 12 months. How much
A. P 3,110.00 will her monthly payment (in Php) be?
B. P 3, 250.00 A. 2,100
C. P 3, 500.00 B. 2,220
D. P 3, 210.00 C. 2,250
D. 2,650
2. A store sells a watch for a profit of 25
percent of the wholesale cost. What 8. After investing a certain amount of
percent of the selling price of the watch money at a 5% simple interest rate for 4
is the store’s profit? years, my money became Php102,000 in
A. 20% all. How much was invested?
B. 25% A. Php 85,000
C. 30% B. Php 84,000
D. 35% C. Php 80,000
D. Php 75,000
3. After investing Php15,000 at 7%
simple interest for x years, it became 9. A shopkeeper wanted to sell Php
Php20,250. What is x? 2000 worth of products. But he had two
A. 5 options, giving three successive
B. 6 discounts of 10% each or giving a single
C. 7 discount of 30%. What was the
D. 8 difference between the two options?

4. A man invests ⅓ of his capital at 6% A. Php56

and the remainder at 8% simple interest B. Php58
for 1 year. Find his capital if his total C. Php80
income is Php4,400. D. Php140
A. Php 60, 000
B. Php 55, 000 10. The MRP of the product is given as
C. Php 65, 000 $2000 and the merchant decides to
D. Php 70, 000 provide successive discounts of 30%
and 20% on the product. Find the selling
price.
5. Determine the future value of an A. $1100
amount (in Php) invested at 4% simple B. $1120
interest for 5 years on Php 50,000. C. $1150
A. 63,000 D. $1200
B. 61,000
C. 60,000 11. What will be more profitable from a
D. 63,500 customer’s point of view? Two
successive discounts of 30% and 20%
6. A certain amount of money was respectively or a single discount of 50%?
invested at 3% simple interest and it A. A single discount
gained Php400 in a span of 4 years. B. Two successive discounts
How much (in Php)was invested then? C. Either of the two
A. 3,334.33 D. Cannot be possible
B. 3,333.33
C. 3,433.33 12. It is defined as the percent of the
D. 3,443.33 principal paid as interest per time period.
 A. Principal successive discounts of 20% and 30%,
B. Capital in this order. Overall, the original price of
C. Rate the product was decreased by how
D. Balance many percent?
A. 38%
13. Suppose Kiko wanted to invest an B. 44%
amount Php50,000.00 for 2 years at a C. 42%
financial institution that gives a simple D. 39%
interest of 3% per year. The interest rate
was given to Kiko by the financial 19. How much will an amount (in Php)
institution on the assumption that he be after 10 years when Php 150,000 is
cannot withdraw the investment within invested at 3% compounded monthly?
the 2-year period. How much is Kiko’s A. 202,403.03
earning on the investment after the 2- B. 210,303.14
year period? C. 274,554.92
A. ₱2500 D. 275,554.93
B. ₱3000
C. ₱3500 20. What is the formula to calculate
D. ₱4000 simple interest?
14. April wants to borrow Php40,000 A. P × r + t
from a bank that gives an annual B. P × (1 + r)t
interest rate of 4.5%. However, she only C. P + r × t
wants to borrow the fund for a 9-month D. P + (1 + r)t
period and will be able to pay the bank
immediately after 9 months. How much 21. Mary invested a certain amount of
interest is she going to pay from money at a 10% interest rate and $2000
borrowing the amount of money? more than that at a 12% interest rate.
A. Php1,500c Her total yearly interest earned is $1340.
B. Php2,300 How much money did she invest at each
C. Php1,350 rate?
D. Php1,800 A. Php3000 at 10% and Php7000 at 12%
B. Php5000 at 10% and Php4000 at 12%
15. What is the simple interest rate C. Php3000 at 10% and Php4000 at 12%
applied if an investment of Php 37,500 D. Php5000 at 10% and Php7000 at 12%
accumulates to Php p41,812.50 in the
period of 5 years? 22. A total of ₱6000 was invested, a
A. 2.3% portion at 6% and the remainder at 8%.
B. 3.2% The total amount of interest earned was
C. 1.7% ₱450. How much was invested at 8%?
D. 2.8% A. ₱4500
B. ₱6000
16. After receiving a 30% discount, Jay C. ₱4000
paid ₱210.00 for an item. What is the D. ₱5500
regular price of the item?
A. ₱300 23. A sum of $4000 is to be invested in
B. ₱350 2 portions, on at 4%, the other at 6%. If
C. ₱380 the interest earned with the portion at
D. ₱400 4% exceeds the interest earned by the
portion at 6% by $40, how much is
17. Peter borrowed 15,000 from the invested at 4%?
bank at the rate of 12% per year. How A. $1200
much will he owe the bank after 1.5 B. $2500
years? C. $2800
A. ₱16,000 D. $1500
B. ₱16,700
C. ₱17,000 24. Alex put $1000 into an investment
D. ₱17,700 yielding 6% annual interest; he left the
money in for two years. How much
18. A certain product was given interest will he get at the end of two
years? 31. Julius has ₱15,000 in the bank. After
A. $100 a year, he expects it to earn ₱750. What
B. $120 is the rate of interest?
C. $230 A. 2%
D. $220 B. 4%
C. 5%
25. You invested $500 and received D. 6%
$650 after three years. What had been
the interest rate? 32. After receiving a 30% discount, Jay
A. 5% paid ₱210.00 for an item. What is the
B. 10% regular price of the item?
C. 15% A. ₱300
D. 20% B. ₱350
C. ₱380
26. Of the 50 students enrolled in the D. ₱400
subject – Trigonometry, 90% took the
final examination at the end of the term. 33. Peter borrowed 15,000 from the
Two-thirds of those who took the final bank at the rate of 12% per year. How
exam passed. How many students much will he owe the bank after 1.5
passed the exam? years?
A. 33 A. ₱16,000
B. 45 B. ₱16,700
C. 34 C. ₱17,000
D. 30 D. ₱17,700

27. If 40% of a number is 55, what is 34. 1/8 in percent is ________.

44% of that number? A. 10.5%
A. 64 B. 12.5%
B. 60.5 C. 14.5%
C. 52.5 D. 16.5%
D. 56
35. John invested ₱5,000 in a certain
28. The amount of simple interest business. How much will his money be
denoted by “I” paid by the bank on a in 2 years if it earns 12% interest in a
savings account, uses which of these year?
formula? A. ₱6,000
A. I = principal invested X annual rate of B. ₱6,100
interest X months C. ₱6,200
B. I = principal invested X annual rate of D. ₱6,300
interest X years
C. I = principal invested X annual rate of 36. A salesman gets a 15% commission
interest X years and X months for the first ₱20,000, and 10% for the
D. I = principal invested X annual rate of amount over ₱20,000 of his total sales.
the interest How much does he get for a total sale
of ₱50,600?
29. Change the following percents to A. 5,060
decimals: 23%, 5%, 3%, 3.5%. B. 6,060
A. 2.3, .500, .30, 30.5 C. 7,060
B. .23, 50, 03, 3.05 D. 8,060
C. .23, .05, .03, .035
D. .023, 5.00, 3.0, 03.5 37. A TV set that originally cost ₱20,000
is now sold at ₱18,000. What is the
30. The difference between gross profit percentage decrease in the price of the
and cost of goods sold is known as TV set?
________. A. 10%
A. markdown B. 20%
B. discount C. 30%
C. net profit D. 40%
D. invoice price
38. 72 is ¾ of what number? A. ₱9,320
A. 76 B. ₱9,420
B. 84 C. ₱9,520
C. 86 D. ₱9,550
D. 96
46. How much commission does a
39. 0.0125 expressed in fraction in salesman get if he was able to sell
lowest term is ________. ₱35,000 worth of jewelry and he is given
A. 1/8 a 15% of it?
B. ¼ A. ₱5,300
C. 1/800 B. ₱5,325
D. 1/80 C. ₱5,250
D. ₱5,425
40. The value of the car has depreciated
by ₱20,000. It is now worth ₱380,000. 47. How much should a man deposit in
By how many percent did the value of a bank at 6% simple interest rate if he
the car decrease? wants to earn ₱1,200 a year?
A. 5% A. ₱10,000
B. 10% B. ₱30,000
C. 20% C. ₱15,000
D. 25% D. ₱20,000

41. Find the final amount due in 48. During a recent shopping spree,
investing ₱50,000 at a simple interest Tomas and Nena bought some new
rate of 14.5% for 18 months. accessories for their apartment. Nena
A. ₱60,875 chose a crocheted throw pillow at
B. ₱50,875 ₱24.95, and Tomas purchased a rural
C. ₱60,900 landscape painting for ₱135.00. How
D. ₱50,900 much did they actually spend if they paid
7% sales tax on their purchases?
42. What is the exact interest of A. ₱171.15
₱15,000, invested at 5.5% simple B. ₱139.25
interest rate for 108 days? C. ₱159.95
A. ₱255.62 D. ₱148.75
B. ₱265.62
C. ₱260.62 49. You buy a new refrigerator for
D. ₱244.11 ₱12,800.00 and make a down payment
of ₱2,500.00. If you finance the
43. At what rate of interest should remainder at 8% annually for three years,
₱2,400 be invested so that it will earn how much will you actually pay for the
₱80 in 8 months? refrigerator?
A. 6.5% A. ₱12,190.00
B. 5.5% B. ₱10,300.00
C. 5% C. ₱12,772.00
D. 6% D. ₱15,272.00
44. What is the single equivalent
discount rate of the discount series 5%, 50. Employees at Shaira's Musicmart
10% and 25%? get a 20% discount on all purchases. If
A. 40% Theresa buys three tapes at ₱7.49 each,
B. 35.9% how much will she have to pay after her
C. 64.1% employee discount?
D. 60% A. ₱16.98
B. ₱19.98
45. Julio’s salary is ₱8,500 per month. If C. ₱18.98
it is increased by 12%, what is his new D. ₱17.98
salary per month?