A.
Direction: Read each item carefully. Choose the best answer among the choices given and write
the letter on the space provided before each number.
1. A colored television set was sold for P18,500.00 at a 30% discount. How much discount did the
appliance center offer?
A. P 5350.00
B. P5,450.00
C. P 5,550.00
D. 5P,650.00
2. Marilou bought a dress for P800.00 at 20% discount. What was the original price?
A. P1000.00
B. P950.00
C. P900.00
D. P850.00
3. A fish vendor buys bangus at P160.00 per kilo and sells them at P200.00 per kilo. What is the
mark-up rate per kilo?
A. 10%
B. 15%
C. 20%
D. 25%
_4. A marked up of 15% was made on a cabinet that cost P9,500.00. What was the selling price of
the cabinet?
A. P10,925.00
B. P10, 825.00
C. P10, 725.00
D. P10, 625.00
5. A salesman sells a car for P760,000.00. If he receives a commission of 15%, how much will be his
commission?
A. P110,000.00
B. P112,000.00
C. P. 113,000.00
D. P114,000.00
6. Tim, a sales agent, was given a commission of P 12,000.00 of 5% commission rate for all his
sales. What is his total sales?
A. P220,000.00 B. P230,000.00 C. P235,000.00 D. P240,000.00
7. Mr. Santiago bought a picture frame for P630.00 inclusive of 6% sales tax. How much is the tax?
A. P37.80
B. P36.80
C. P 35.80
D. P34.80
8. A sofa set marked P33,000.00. A tax of 5% is added. What is the total cost of the sofa set?
A. P34,450.00
B. P34,550.00
C. P34,650.00
D. P34,750.00
9. Ronald made a loan of P600,000.00 from a bank. If the interests given is 6% simple interest per
year, how much interest will he pay after 5 years?
A. P190,000.00
B. P180,000.00
C. P170,000.00
D. P160,000.00
10. Mrs. Garcia borrowed money from the lending company at 3% interest. If she paid an interest
of P 600.00 after 2 years, how much money did she borrow?
A.P7,000.00
B. P. 8,000.00
C. P9,000.00
D. P10,000.00
