Republicof theP hilippines
Department of Education
Region V - Bicol
SCHOOLS DIVISION OFFICE OF ALBAY
PIO DURAN NATIONAL HIGH SCHOOL
Binodegahan, Pio Duran, Albay
SUMMATTIVE TEST
BUSINESS MATHEMATICS
11-SANCIANCO
NAME:________________________________________ DATE:________________
I. MULTIPLE CHOICE
Direction: Choose the best answer from the given choices.
1. Which is true about converting fraction to decimal?
a. Divide the numerator by denominator.
b. Multiply 100 and add %.
c. Write as fraction over 100 and simplify.
d. Divide the denominator by numerator.
2. What is proportion?
a. A relationship between two quantities that are always different.
b. A relation between two quantities that are always the same.
c. A relationship between two quantities thar have different units.
d. A relationship between to quantities that have the same ratio.
3. What is the main difference between a ratio and rate?
a. A ratio compares two quantities with the same unit, while a rate compares two quantities with different units.
b. A ratio compares two quantities with different units, while rate compares two quantities with the same unit.
c. A ratio is used as fractions, while a rate is used for decimals.
d. A ratio is used for percentages, while rate is used for proportion.
4. What is the fraction equivalent of 25%?
a. ½ c. 1/8
b. ¼ d. 2/5
5. It is the added amount to the cost price.
a. Mark-on c. Mark-up
b. Mark-down d. Margin
6. A company has a sales of ₱100,000 and cost of goods sold of ₱60,000. What is the gross margin percentage?
a. 20% c. 40%
b. 30% d. 60%
7. What is the key difference between Mark-up and Margin?
a. Mark-up is based on selling price, while Margin is based cost.
b. Mark-up is based on cost price, while Margin is selling price.
c. Mark-up is always higher than Margin.
d. None of the above.
8. Which are main types of proportion?
a. Direct, Inverse and Partitive
b. Percentage and Ratio
c. Increase and Decrease
d. Simple and Compound
9. What type of proportion is represented by the relationship “As the number of workers increases the, the time to
complete the task decreases”?
a. Direct proportion
b. Inverse proportion
c. Partitive proportion
d. None of the above
10. Which of the following is true about Mark-down?
a. Mark-down is the amount added to the original price.
b. Mark-down is the amount deducted from the original price.
c. Mark-down is the amount paid above the selling price.
d. Mark-down is the profit earned on a sale.
11. What is Mark-on?
a. A reduction in price to encourage sales.
b. An increase in price due to high demand.
c. The difference between the cost and the selling price.
d. The amount discount given to the customer.
12. What is the decimal equivalent of the fraction ¾?
a. 0.5 c. 0.8
b. 0.75 d. 0.25
13. Which of the following is an example of ratio?
a. 50 km/h
b. 3 boys to 4 girls
c. 10 meters in 5 seconds
d. 25% of the population
14. Which of the following is an example of rate?
a. 3 boys to 4 girls
b. 10 meters tall
c. 50 km per hour
d. 10 meters tall
15. A baker uses 2 cups of sugar for 12 muffins. This is an example of:
a. Inverse proportion
b. Direct proportion
c. Partitive proportion
d. Neither inverse and partitive proportion
16. Which situation best illustrates a mark-down?
a. A store increases the price of a product from ₱500 to ₱600 to cover shipping costs.
b. A retailer raises the price of a product from ₱800 to ₱1,200 due to high demand.
c. A boutique reduces the price of a dress from ₱1,500 to ₱1,200 to clear inventory.
d. A supplier increases the cost price of a product from ₱300 to ₱350.
17. What is the final selling price of a large flower bouquet that cost ₱1,000, marked-up by ₱250, then a ₱50 marked-on
is added due to valentines, and finally a ₱100?
a. ₱1,100 b. ₱1,200 c. ₱1,250 d. ₱1,200
18. What is the difference between a single trade discount and a series of discounts?
a. A single trade discount is a series of discounts added together.
b. A single trade discount is applied once, while a series of discounts is applied sequentially.
c. A single trade discount is applied to the cost price, while a series of discounts is applied to the selling price.
d. A single trade discount is given to retailers, while a series of discounts is given to wholesalers.
19. If 1 kilogram of rice costs ₱50, what proportion can be used to find the cost of 3 kilograms of rice?
1 3 1 x 50 x 50 3
a. = b. = c. = d. a. =
50 x 50 3 1 3 1 x
20. Convert the decimal 0.875 to fraction and percentage.
7
a. and 87.5%
8
3
b. and 75%
4
1
c. and 50%
2
9
d. and 90%
10
II. IDENTIFICATION
Identify whether it is a RATIO or RATE
________1. 3 white boards : 9 chairs in a classroom.
________2. A car travel 150 km in 3 hours.
________3. A worker earns 200 pesos for 4 days.
________4. Buying 5 kg rice for 200 pesos
________5. A faucet fills 20 liters of water in 5 minutes
III. SOLVING PROBLEM
A. Solve each situation.
1. Jollibee sells a Chicken joy meal at ₱120 on regular days. During the Christmas season, because of high demand, the
price increases to ₱135. What is the Mark-on?
2. Crazy Crunch spends ₱2,600 to prepare 100 pieces of fried chicken. Each piece therefore costs ₱26 to make. The store
decides to sell each piece for ₱45. What is the Mark-up percentage and the Margin percentage?