Business Math
Presentation
•
Mathematics
•
1st Grade
•
Medium
jay yasis
Used 9+ times
FREE Resource
11 Slides • 12 Questions
1
by jay yasis
Review Part II
2
At the end of the lesson, students will be able to:
1. Solve and understand commission, simple interest, and mortgage.
2. Solve and understand salary, overtime pay, and benefits
3
Open Ended
Marco is a carpenter in ABC construction firm. Most of the time, he works almost 12 hours and his daily rate is Php 373.00. If he works 72 hours within a week, how much is the overtime pay he should receive at the end of the week using time-half computation?
4
Multiple Choice
Reina sells RTW and is paid a straight commission of Php 25.00 on each dress . Everyday she's able to sell 100 dresses. What is the amount of her commission?
Php 25.00
Php 250.00
Php 2 500.00
Php 25 000.00
5
Solution
Given: No of item sold = 100 ; straight commission per item = Php 25.00
Commission = No. of item sold * straight commission per item
Commission = 100 * 25.00
Commission = 2 500.00
6
Open Ended
Anton ask his best friend Lia to sell his Kwek-Kwek with 15 % commission for every Php 100 pesos. At the end of the day Lia's revenue for kwek-kwek is amounting to Php 1 500. How much is the amount of her commission?
7
Solution
Given: Sales (Cost of Goods sold) = 1 500 ; rate of commission = 15 %
Commission = Sales * rate of commission
Commission = 1 500 * 0.15
Commission = 225.00
8
Open Ended
As newlyweds, Mr. And Mrs. Martinez wanted to purchase their dream house worth ₱2,300,000.00 and the bank requires 12% down payment. Find the amount of mortgage.
9
Solution
Given: Rate of downpayment = 12% ; Cash price= 2, 300, 000
Mortgage = Cash Price - Downpayment
Mortgage = 2, 300, 000 - (2, 300, 000 * 0.12%)
Mortgage = 2, 300,000 - 276, 000
Mortgage = 2, 024, 000
10
Multiple Choice
As newlyweds, Mr. And Mrs. Martinez wanted to purchase their dream car worth ₱1,075,000.00 and the car dealer requires ₱ 250,000.00 down payment. Find the amount of mortgage.
Php 250 000
Php 750 000
Php 825 000
Php 1 325 000
11
Solution
Given: Downpayment = 250 000 ; Cash price= 1 075 000
Mortgage = Cash Price - Downpayment
Mortgage = 1 075 000 - 250 000
Mortgage = 825 000
12
Open Ended
Mr. Cruz borrowed Php 200 000.00 from the bank with a simple interest of 3 % per annum. If the loan is payable for 2 years, how much is the interest after maturity date?
13
Solution
Given: Interest rate = 3 %; Principal = 200 000 ; Time = 2 years
Interest = Prt
Interest = 200 000 0.03 * 2
Interest = 6 000 * 2
Interest = 12 000
14
Multiple Choice
Mr. Cruz borrowed Php 100 000.00 from the bank with a simple interest of 5 % per annum. If the loan is payable for 3 years, how much is the interest per year?
Php 500
Php 5 000
Php 15 000
Php 50 000
15
Solution
Given: Interest rate = 5 %; Principal = 100 000 ; Time = 3 years
Interest = Prt
Interest = 100 000 0.05 * 1
Interest = 5 000 * 1
Interest = 5 000
16
Open Ended
Julie is a baker with a monthly salary of Php 10,000.00. How much is her annual salary?
17
Solution
Given: Monthly salary = 5 %; No of period = 12
Annual salary = monthly salary * 12 mons period
Annual salary = 10 000 * 12
Annual salary = 120 000
18
Multiple Choice
Julie is a baker with a monthly salary of Php 10,000.00. How much is her daily rate using the accounting standard of 313 days?
Php 333.33
Php 31.95
Php 383.39
Php 373.75
19
Solution
Given: Monthly salary = 10 000; No of days in a year = 313
Daily rate = Annual salary / 313 days
Daily rate = (10 000 * 12 mons) / 313 days
Daily rate = 120 000 / 313
Daily rate = 383.39
20
Open Ended
Marco is a carpenter in ABC construction firm. Most of the time, he works almost 12 hours and his daily rate is Php 373.00. If he works 72 hours within a week, how much is the overtime pay he should receive at the end of the week using time-half computation?
21
Solution
Given: Daily rate = 373; No of hours work = 72
Overtime pay = (No of hour work - Reg work hour) * hourly rate * 1.5
Overtime pay = (72 - 48) * (373/8) * 1.5
Overtime pay = 24 * 46.625 * 1.5
Overtime pay = 1 119 * 1.5
Overtime pay = 1 678.50
22
Multiple Choice
Which of the following is an example of non-taxable compensation
Cost of Living Allowance
Transportation Allowance
13th Month Pay
Basic salary
23
Multiple Choice
The following are mandatory benefits given to wagge earner, EXCEPT.
13th month pay
Bonus
SSS membership and contribution
Pag-ibig membership and contribution
by jay yasis
Review Part II
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