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Directions: Encircle the letter of the correct answer. 1. Ajacket cost Php540. The price was reduced by 15%. What is the sale price? A. Php 495 B. Php549 C. Php459 D. Php525 2. The price of cellphone at a mall increased from Php16 000 to Php20 000. What was the percent increase? A 20% B. 25% C. 75% D. 80% 3. How much commission does a broker get if he sells a house worth Php3 000 000 at a 10% rate? A. Php30 000 B. Php35 000 C.Php 300 000 D. Php350 000 4. Valerie has a balance of Php6 500 in her bank account and has an interest rate of 5% per annum (per year). Which interest will she eam? A. Php357 B. Php352 C. Php520 D. Php325 5. A bottle of alcohol costs Php 40. The sales tax is 14%. How much sales tax do you have to pay? A. Php 0.56 B. Php5.60 C.Php56 D. Php 68.40 6. How much discount will I get for a pair of shoes marked Php 850.00 at 20% discount? A. Php190.00 B. Php170 C.Php 680.00 D. Php650 7. It is the amount paid for the use of money. A. Commission B. Mark-up C. Interest D. Discount 8. A newspaper boy earned Php250 for his 20% commission. What were his total sales? A. Php 1250 B. Php 1110 C. Php 1425 D. Php 1500 9. A bank teller's hourly wage will increase from Php24 to Php27.60. What percent of increase does this represent? A. 15% B. 17% C. 20% D. 25% 10. Mrs. Rigonan bought a rice cooker at Php 545 with a sales tax of 5% included. What is the selling price? A. Php 550.50 B. Php 572.25 C. Php 605.50 D. Php 675.75 11.30% of P40.00 is P12.00. What is the rate in this given situation? A. 30% C.P12.00 B. P 40.00 D. 30
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