REA Quiz 51

REA Quiz 51 - Basic Statistics and
Fundamental Math
1. Age is classified as:
a. Nominal data
b. Ordinal data
c. Interval data
d. Ratio data
2. You are interested in how stress affects heart rate in humans. Your
dependent variable would be the _____.
a. Interest
b. Heart rate
c. Humans
d. Stress
3. Gender is categorized as:
a. Nominal
b. Ordinal
c. Interval
d. Ratio
4. You are conducting a study to see whether a new experimental

medication will cause bald men to grow hair. You divide your patients
into two groups. To one group, you give the medication. To the other
group, you give a placebo. In this study, the correct terms for the
taking of the drug and the growth of hair are the following.
a. Both the medication and the hair growth are dependent variables.
b. Both the medication and the hair growth are independent variables.
c. The medication is the dependent variable, and the hair growth is the independent variable.
d. The medication is the independent variable, and the hair growth is the dependent variable.
5. Which of the following definitions is the definition of the MODE?
a. The MODE is the value that has the highest frequency.

b. The MODE is the average calculated by adding up all the values and dividing by the number of entries.
c. The MODE is the largest value.
d. The MODE is the value that half of the entries are below and half of the entries are above.
6. The variance of a sample of 81 observations equals 64. The

standard deviation of the sample equals
a. 9
b. 4,096
c. 8
d. 6,561
Feedback
Standard Deviation is the square root of Variance

Std Dev = square root of 64 = 8
7. Which of the following definitions is the definition of the MEDIAN?
a. The MEDIAN is the value that half of the entries are below and half of the entries are above.
b. The MEDIAN is the value that has the highest frequency.
c. The MEDIAN is the largest value.
d. The MEDIAN is the average calculated by adding up all the values and dividing by the number of
entries.
8. What is the median of the following set of numbers?

{12,8,13,4,7,6,3,3,15}
a. 12
b. 8
c. 7
d. 7.5
9. What are the mode and the mean for the following set of numbers?
{4, 9, 8, 2, 16, 4, 4, 8 ,9, 6}
a. Mean = 7, mode =8
b. Mean = 7, mode =4
c. Mean = 6, mode =8
d. Mean = 8, mode =9
10. The standard deviation of a sample of 100 observations equals 64.

The variance of the sample equals
a. 8
b. 10
c. 10,000
d. 4,096
Feedback
Variance is the square of standard deviation

Variance = 64^2 = 4,096
11. A real estate investor bought a 10 hectares of raw agricultural land

for Php60,000,000. If the value of raw agricultural land will normally
increase by 6% per year and inflation is estimated to be at 2% for the
next four years, what will be the projected value of the land at the end
of the fourth year taking into consideration inflation?
a. Php81,629,337.60
b. Php88,159,684.61
c. Php64,800,000.57
d. Php79,200,000.23
Feedback
F = PR^n
F = Px(1+i)^n
F = 60,000,000 x (1+ 0.08)^4 = 81,629,337.60
12. A commercial rectangular lot has a measurement of 50 meters by
25 meters and has a unit value of Php13,000 per square meter based
on the schedule of market value of the assessor. Compute the total
real property tax (Basic, SEF, Idle land) to be paid using the maximum
assessment level for a commercial land, maximum basic and SEF tax
rate of a city and the maximum idle land tax rate.
a. Php487,500
b. Php650,000
c. Php568,750
d. Php260,000
Feedback
Basic = 2%
SEF = 1%
Idle land = 5%
Total Tax Rate = 8%
A = 50 x 25 = 1,250
FMV = 1,250 x 13,000 = 16,250,000
Assessed Value = FMV x Assessment level = 16,250,000 x 50% = 8,125,000
Tax = Assessed Valye x Tax Rate = 8,125,000 x 8% = 650,000
13. What is the indicative price of a property appraised at Php

2,000,000.00 when value to price ratio (VPR) is 80%?
a. Php 1,600,000.00
b. Php 2,400,000.00
c. Php 2,600,000.00
d. Php 2,500,000.00
Feedback
2,000,000 / 80% = 2,500,000

14. What is the applicable monthly percentage tax if John annual
rental income is 1,612,800 on her 15 door apartment?
a. 6,720.00
b. 14,400.00
c. 8,378.00
d. 4,032.00
Feedback
1,612,800 x 0.03 / 12 = 4,032
15. A house and lot was purchased for Php12,000,000. The house alone
was valued at Php7,500,000. What is the percentage cost of the house
to the total purchase price?
a. 160.00%
b. 37.50%
c. 266.67%
d. 62.50%
Feedback
7.5M / 12M = 62.5%
16. Mr. Grey had a 1-hectare property along the National road of a first
class municipality and sold to Mr. Hans at a price of P3,000/sqm. The
declared zonal valuation in that particular area is P1,200.00/sqm.
Compute the Capital Gains tax to be paid by the seller.
a. P2,250,000.00
b. P720,000.00
c. P1,800,000.00
d. P900,000.00
Feedback
Tax base = 3,000/sqm

SP = 10,000 x 3,000 = 30,000,000
CGT = 30,000,000 x 6% = 1,800,000
17. Ms. Chacha sold her 500 sqm. vacant lot for P3.5M. If the zonal
value of said property is P5,500 per sqm. and the FMV is P7,500/sqm,
how much will she pay for the Capital Gains tax?
a. P210,000
b. P250,000
c. P225,000
d. P165,000
Feedback
FMV = 7,500
ZV = 5,500
SP = 3,500,000/500 = 7,000
CGT = 500 x 7,500 x 6% = 225,000
18. Calculate the resulting fraction when 2/9 is subtracted from 2/3.
a. 10/27
b. 11/27
c. 4/9
d. 5/9
19. PatAlice sold their principal residence for P12.0M and bought
another residence worth P9.5 M. How much capital gains tax is due?
a. 0
b. P150,000
c. P140,000
d. P120,000
Feedback
12,000,000 - 9,500,000 = 2,500,000 x 0.06 = 150,000
20. Under BIR Revenue Regulation No. 4-2021, what is the new
threshold of VAT for the Lot only and House and lot package?
a. P1,500,000 and P2,000,000
b. P2,000,000 and P3,199,200
c. P1,500,000 and P2,500,000
d. P120,000
Feedback
BIR Revenue Regulation No. 8-2021

Lot = 1,919,500
House and Lot = 3,199,200
BIR Revenue Regulation No. 1-2024

3,600,000
21. An apartment complex has a 400 units, 50 of which are available

for lease. How many units should be rented out in order that the
vacancy rate be reduced to 5%?
a. 360
b. 380
c. 370
d. 350
Feedback
400 x (100%-5%) = 380
22. A tenant has a lease contract that states a base rent of P7,500 per
month plus 3 percent of the sales above P50,000 in gross sales per
month. The tenant's sales last year were P1,850,000. How much
average monthly rental was paid last year? (Round-off answer to the
nearest figure)
a. P56,400
b. P87,500
c. P93,125
d. P77,250
Feedback
There is an error in this question, it could have been annually instead of monthly. To find the best answer:
7,500 x 12 = 90,000
1,850,000 / 12 = 154,166.67
(154,166.67 - 50,000) x 3% = 104,166.67 x 3% = 3,125
90,000 + 3,125 = 93,125
23. A house and lot is priced at Php6,800,000. The lot alone is valued
at Php1,700,000. What percentage of the value of the property is
attributable to the house?
a. 40%
b. 50%
c. 75%
d. 25%
Feedback
6,800,000 - 1,700,000 = 5,100,000

5,100,000 / 6,800,000 = 75%
24. In a 216 apartment complex, the ratio of the one-bedroom and two-
bedroom is 4:5. Compute the monthly income of the apartment
complex with an average vacancy rate of 8%, if the rate of the one-
bedroom and two-bedroom units are Php5,000 and Php8,000
respectively.
a. Php1, 324, 800
b. Php1, 368, 000
c. Php1, 258, 560
d. Php1, 440, 000
Feedback
216 / (4+5) = 24
1BR = 4 x 24 = 96
2BR = 5 x 24 = 120
96 x 5,000 = 480,000
120 x 8,000 = 960,000
480,000 + 960,000 = 1,440,000
1,440,000 x (100%-8%) = Php1, 324, 800
25. An industrial complex has 12 and nine-tenths liner meter of parking

lot on the front of the complex and eight and three-fifths liner meter of
parking lot at the back of the complex. Compute the total cost of the
parking lot if is cost Php30,000 per liner meter to construct the
parking lot
a. Php665,000
b. Php546,000
c. Php564,000
d. Php645,000
Feedback
12 9/10 + 8 3/5 = 21.5 x 30,000 = 645,000
26. The flooring of a residential house has an area of 60 square

meters. Determine the number of vinyl times required to cover the
floor if the title has a dimension of one foot by one foot.
a. 364
b. 452
c. 345
d. 431
Feedback
60m2 x 10.76 ft2/m2 = 645ft2/1ft2 = 645 tiles

best answer is 452 tiles
27. The median value of five lots with prices of P200,000 , P150,000 ,
P325,000 , P150,000 and P350,000 is
a. P235,000
b. P150,000
c. P320,000
d. P200,000
28. Compute the area of circle inscribed in a square with a side length
of 8 feet.
a. 64.00 square feet

b. 50.27 square feet
c. 113.10 square feet
d. 201.06 square feet
Feedback
Diameter of circle = side of square = 8

Radius = 8/2 = 4
A = pi (4)^2
A = 3.1416 x 16 = 50.2656
29. If a triangle has a base of 90 feet and a height of 110 feet, what is
its area?
a. 4,500 sqft
b. 4,900 sqft
c. 4,950 sqft
d. 4,850 sqft
Feedback
A = 1/2 x 90 x 110 = 4,950
30. A Php 5,000 deposit in an account earning 9% for 6 years will grow
to?
a. Php6,988.10
b. Php7,245.62
c. Php8,335.50
d. Php7,803.33
Correct answer
c. Php8,335.50
Feedback
F = PR^n
F = 5,000 x (1+0.09)^6
F = 8,385.5

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REA Quiz 51 - Basic Statistics and

3. Gender is categorized as:

4. You are conducting a study to see whether a new experimental

a. The MODE is the value that has the highest frequency.

6. The variance of a sample of 81 observations equals 64. The

Standard Deviation is the square root of Variance

7. Which of the following definitions is the definition of the MEDIAN?

8. What is the median of the following set of numbers?

10. The standard deviation of a sample of 100 observations equals 64.

Variance is the square of standard deviation

11. A real estate investor bought a 10 hectares of raw agricultural land

13. What is the indicative price of a property appraised at Php

2,000,000 / 80% = 2,500,000

1,612,800 x 0.03 / 12 = 4,032

7.5M / 12M = 62.5%

Tax base = 3,000/sqm

CGT = 500 x 7,500 x 6% = 225,000

12,000,000 - 9,500,000 = 2,500,000 x 0.06 = 150,000

BIR Revenue Regulation No. 8-2021

BIR Revenue Regulation No. 1-2024

21. An apartment complex has a 400 units, 50 of which are available

400 x (100%-5%) = 380

6,800,000 - 1,700,000 = 5,100,000

25. An industrial complex has 12 and nine-tenths liner meter of parking

12 9/10 + 8 3/5 = 21.5 x 30,000 = 645,000

26. The flooring of a residential house has an area of 60 square

60m2 x 10.76 ft2/m2 = 645ft2/1ft2 = 645 tiles

a. 64.00 square feet

Diameter of circle = side of square = 8

A = 1/2 x 90 x 110 = 4,950

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