1. An item listed at ₱ 150 is subject to the discount series 20%, 10% and 5%.
Determine the net
price.
A. ₱ 120 C. ₱ 102.60
B. ₱ 108 D. ₱ 150
2. Lee Distributors bought a shipment of laptops at a net price of ₱ 477.36 each, after discount of
15%. 10%, and 4%. What is the list price?
A. ₱ 650 C. ₱ 430
B. ₱ 500 D. ₱ 525
3. A firm sells a product at 35 pesos per unit. The variable cost for the product is 30 pesos per
unit and its fixed cost is 70,000 pesos. What quantity of the product should the firm sell in order
to break-even?
A. 1,500 units C. 12,000 units
B. 21,000 units D. 14,000 units
4. A printing company bears a variable cost of 33 pesos per unit and a fixed cost of ₱ 450,000.
The number of books needed to be break-even is 37,500 units. Find the selling price per unit of
the book.
A. ₱ 45 C. ₱ 25
B. ₱ 50 D. ₱ 65
5. A firm sells a product of 45 pesos per unit. The cost function for this product is P19, 125.00.
Find the quality that the firm needs to sell in order to break-even?
A. 420 units C. 400 units
B. 410 units D. 425 units
6. A real estate agent sold a piece of property for ₱50,000. His commission is 7.5%. How much
does he receive?
A. 3000 pesos C. 2000 pesos
B. 3,750 pesos D. 2750 pesos
7. A salesman received ₱630 for selling a boat. His rate of commission was 5.25%. What was the
selling price?
A. 13,000 pesos C. 12,000 pesos
B. 13,750 pesos D. 12,750 pesos
8. 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 C. ₱780
B. ₱650 D. ₱700
9. Sarah earns a base salary ₱ 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 C. ₱430
B. ₱500 D. ₱525
10. A class sold magazine subscription 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
subscription, how much did the class earn toward their trip?
A. 1,500 pesos C. 2000 pesos
B. 1,155 pesos D. 2750 pesos
1
11. Jim works at store where he is paid a weekly salary of ₱125 plus a 5 % commission on his
2
total sales. On a particular week, Jim sold a total of ₱985. How much did Jim earn that week?
A. ₱117.15 C. ₱179.18
B. ₱108.4 D. ₱150
12. 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. ₱1378.75 C. ₱1250
B. ₱1350.25 D. ₱1375
13. What is the total earning if you net income is ₱20,000 and your total
deduction is ₱5,000?
A. ₱25,000 C. ₱4,000
B. ₱15,000 D. nota
14. Mr. Xavier’s annual net income is ₱70,000. What is his annual gross
income if the total deduction is 30% of his gross?
A. 1.1 million C. 0.9 million
B. 1 million D. 0.8 million
15. What is your 13-month pay if your basic salary is ₱30,000?
A. ₱20,000 C.₱40,000
B. ₱30,000 D.₱13,000
16. If the minimum wage is ₱500 and they are exempted from taxes and the
deduction is about the benefits of a wage earner like Phil health, SSS, and/or
retirement. What is the monthly gross income if this employee works 6 times
a week and there are 4 weeks in a month?
A. ₱10,000 C. ₱12,000
B. ₱11,000 D. ₱13,000
17. Suppose a company gives an employee a clothing allowance amounting
to ₱3,500 semiannually, then which of the statements is true?
A. The allowance is taxable.
B. The allowance is not taxable.
C. It depends if the employee is a private or government employee
D. Some amount of the allowance is taxable
18. The minimum retirement pay R is given by the formula
R=22.5• P •T
Where P is the daily rate and T is the number of years served. Suppose
P=2,500 and t=10, then what is the value of R?
A ₱520,000 C. ₱562,500
B.₱526,500 D. ₱565,200
19. The company will monetized Ms. Deanne’s sick leaved credits which is
equivalent to 22 day. Assuming that her daily rate is ₱500, then what is her
additional income?
A. 10,000 C. 12,000
B. 11,000 D. 13,000
20. An employee worked from 8 PM to 6 PM with regular pay for 200 per
hour. What is his pay for this time if the night differential pay, only valid from
10 PM to 6AM is 1.1 of that regular pay?
A. 1620 C. 2610
B. 2160 D. nota
21. Jordan worked on a holiday where the pay is 1.25 of the regular pay. If his
regular daily rate is ₱1,800, then what is his holiday pay?
A. 2025 C.2520
B. 2250 D. nota
22. Jenny earns ₱30,000 a week. She paid every two weeks. What gross pay
does she receive every payday?
A. 30,000 C. 90,000
B. 60,000 D. 120,000
23. Mr. Yaguchi’s work starts from 2:00 PM until 11:00 PM. If his hourly rate is
₱523.50, how much is his daily income?
A. 4,376.35 C. 4,763.85
B. 4,673.5 D. 4,876.35
24. An employee earned a gross of ₱40,200. This gross is inclusive of
₱300/hour pay in his part-time job where he worked for 34 hours in a month.
What is then his total gross income without his part time pay?
A. 30,000 C. 90,000
B. 60,000 D. 120,000
25. Renzo works for 9 hours and earns ₱890 on a regular day. How much is
his overtime pay?
A. ₱97.80 C. ₱108.57
B. ₱107.58 D. nota
26. Selene’s deduction is 45% of her total gross income. If her annual total
deduction is ₱400,000, then what is her net income?
A. ₱488,888.89 C. ₱433,333.33
B. ₱466,666.67 D. ₱400,000
27. Which of the following government agencies/ depart- ments do you think
is the least relevant in relation to salaries and wages?
A. Department of Labor and Employment
B. Bureau of Internal Revenue
C. Social Security System
D. Department of Education
28. Measures of central tendency for a given set of observations measures
________________.
A. the spread of the observation
B. the central location of the observation
C. range
D. both A and B
29. Which of the following measures of central tendency is affected by
extreme values?
A. Mean C. Mode
B. Median D. Range
30. Which of the following shows the range of values of the middle of the
distribution?
A. Interquartile range C. Standard deviation
B. Range D. Variance
31. Which of the following is the graphical representation of the frequency
distribution table?
A. Bar graph C. Line graph
B. Histogram D. Pie chart
32. If you want to find out the units of measurement used in the numerical
information in a statistical table, which of the following parts should you look
for?
A. Box head C. Prefatory notes
B. Footnotes D. Source notes
