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    Q3 - Summative Test3

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    Shella Boton
    1. The document is a summative test on business mathematics for grade 12 students at Bani National High School in Pangasinan, Philippines. 2. It contains 15 multiple choice questions testing concepts like commissions, sales calculations, payments, and balances. 3. The questions cover topics such as defining commission, calculating straight and graduated commissions on sales, determining pay with basic salary plus commission structures, and computing balances and payments on installment plans.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Q3 - Summative Test3

    Uploaded by

    Shella Boton
    24 views2 pages
    1. The document is a summative test on business mathematics for grade 12 students at Bani National High School in Pangasinan, Philippines. 2. It contains 15 multiple choice questions testing concepts like commissions, sales calculations, payments, and balances. 3. The questions cover topics such as defining commission, calculating straight and graduated commissions on sales, determining pay with basic salary plus commission structures, and computing balances and payments on installment plans.

    Original Description:

    Business Math Q3_Summative 3

    Original Title

    Q3_SUMMATIVE TEST3

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    © © All Rights Reserved

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    1. The document is a summative test on business mathematics for grade 12 students at Bani National High School in Pangasinan, Philippines. 2. It contains 15 multiple choice questions testing concepts like commissions, sales calculations, payments, and balances. 3. The questions cover topics such as defining commission, calculating straight and graduated commissions on sales, determining pay with basic salary plus commission structures, and computing balances and payments on installment plans.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    24 views2 pages

    Q3 - Summative Test3

    Uploaded by

    Shella Boton
    1. The document is a summative test on business mathematics for grade 12 students at Bani National High School in Pangasinan, Philippines. 2. It contains 15 multiple choice questions testing concepts like commissions, sales calculations, payments, and balances. 3. The questions cover topics such as defining commission, calculating straight and graduated commissions on sales, determining pay with basic salary plus commission structures, and computing balances and payments on installment plans.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    Republic of the Philippines

    Department of Education
    REGION I
    SCHOOLS DIVISION OFFICE I PANGASINAN
    BANI NATIONAL HIGH SCHOOL
    SAN JOSE, BANI, PANGASINAN

    SUMMATIVE TEST
    BUSINESS MATHEMATICS
    GRADE 12

    DIRECTION: Read the questions carefully. Choose the letter of your answer. Use the attached
    answer sheet.
    1. It is a fee that a business pays to a salesperson (agent) in exchange for his services in either
    facilitating, supervising, or completing a sale.
    a) Tax c) Interest
    b) Commission d) Service fee
    2. This type of commission is similar to computing straight commissions.
    a) Commission on cash basis
    b) Commission on instalment basis
    c) Salary plus commission
    d) Graduated commission
    3. It is a commission based on a percentage of sales only.
    a) Graduated commission c) Straight commission
    b) Salary plus commission d) Commission on cash basis
    4. Mike receives 20% commission on the appliances he sells. If he sell a TV for PhP7,000, a
    refrigerator for PhP12,000, and a heater for PhP1500, how much does Mike make in
    commission?
    a) Php4,200 c) Php1,400
    b) Php4,100 d) Php2,400
    5. Michael works for a company that pays him 2% on the first PhP 20,000 sold, 3% on the next
    PhP 30,000 sold and 5% on all sales beyond PhP50,000. What is his gross pay if he sells
    PhP 60,000?
    a) Php2,000 c) Php20,000
    b) Php1,800 d) Php18,000
    6. Mark works at ABC Gadget Store. For every cash purchase of a cell phone, he gets
    6.1%commission. In a particular month, he was able to sell 10 cellphones costing PhP18,000
    each. How much was his total commission for such cash sales?
    a) Php10,980 c) Php10,809
    b) Php10,908 d) Php10,890
    7. Mike decides to work for another company that will pay him PhP2,000 per week and 10%
    commission on sales above PhP20,000 for the week. If he sold goods worth PhP26,000, what
    is his gross pay (salary plus commission)?
    a) Php2,006 c) Php6,200
    b) Php2,000 d) Php2,600
    8. It is a commission, which varies according to how much sales is made.
    a) Graduated commission c) Salary plus commission
    b) Straight commission d) None of these

    For numbers 9 -12, use the problem below.


    At ABC Gadget Store, some items are paid on installment basis through credit cards.
    Mike was able to sell 10 cellphones costing PhP18,000 each. Each transaction is payable in 6
    months equally divided into 6 equal installments without interest. Mike gets 2% commission
    on the first month for each of the 10 cell phones. Commission decreases by 0.30% every
    month thereafter and computed on the outstanding balance for the month.
    9. How much commission does Mike receive on the first month?
    Republic of the Philippines
    Department of Education
    REGION I
    SCHOOLS DIVISION OFFICE I PANGASINAN
    BANI NATIONAL HIGH SCHOOL
    SAN JOSE, BANI, PANGASINAN

    a) Php3,500 c) Php3,600
    b) Php5,300 d) Php6,300
    10. How much commission does Mike receive on the second month?
    a) Php2,550 c) Php5,520
    b) Php5,250 d) Php5,250
    11. How much commission does Mike receive on the third month?
    a) Php1,660 c) Php1,680
    b) Php1,880 d) Php1,860
    12. How much commission does Mike receive on the sixth month?
    a) Php160 c) Php130
    b) Php120 d) Php150
    13. It is a first payment that one makes when one buys something with an agreement to pay the
    rest later.
    a) Down payment c) Partial payment
    b) Full payment d) None of these
    14. This refers to the total amount of money a bank has on deposit before adjusting for uncleared
    checks or deposits, as well as reserve requirements.
    a) Current increased balance c) Balance sheet
    b) Book balance d) Investment
    15. Juan makes money by commission rates. He gets 15% of everything he sells. If Juan sold
    PhP230,000 worth of items this month, what is his salary for the month?
    a) Php34,500 c) Php32,500
    b) Php33,400 d) Php31,500

    Prepared by:
    Checked by:
    SHELLA B. BOTON
    Subject Teacher ROSEMARIE C. CAMBA Noted:
    Head Teacher III in-charge(SHS)
    JEANNETTE C. LIWALIW PhD
    Principal IV

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