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Questions and Answers
How much interest will Jay earn on his deposit of PHP 7,500 at an interest rate of 1.5% per year after 12 months?
How much interest will Jay earn on his deposit of PHP 7,500 at an interest rate of 1.5% per year after 12 months?
- PHP 100.00
- PHP 150.00
- PHP 112.50 (correct)
- PHP 75.00
What is the total amount that friends will pay at the restaurant after including a 12% sales tax on their PHP 1,250 bill?
What is the total amount that friends will pay at the restaurant after including a 12% sales tax on their PHP 1,250 bill?
- PHP 1,300
- PHP 1,350
- PHP 1,450 (correct)
- PHP 1,400
How much commission did a person earn from selling an item for PHP 1,040 with a 5% commission rate?
How much commission did a person earn from selling an item for PHP 1,040 with a 5% commission rate?
- PHP 100.00
- PHP 60.00
- PHP 52.00 (correct)
- PHP 48.00
What would be the marked-up price of an item that costs PHP 145 if a 15% markup is applied?
What would be the marked-up price of an item that costs PHP 145 if a 15% markup is applied?
What is the commission rate if the commission from selling an item worth PHP 1,040 amounts to PHP 52?
What is the commission rate if the commission from selling an item worth PHP 1,040 amounts to PHP 52?
Flashcards
Simple Interest Calculation
Simple Interest Calculation
Calculating the interest earned on a principal amount over a specific time period at a fixed rate.
Sales Tax Calculation
Sales Tax Calculation
Calculating the additional amount charged on top of the price of goods to cover government taxes.
Commission Calculation
Commission Calculation
Calculating the amount earned based on a percentage of the sales.
Markup Calculation
Markup Calculation
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Net Proceeds Calculation
Net Proceeds Calculation
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Study Notes
Interest Calculation
- Jay deposited PHP 7,500 in a bank earning 1.5% interest annually.
- To find the interest earned in 12 months, calculate 1.5% of PHP 7,500.
- The interest earned in 12 months is PHP 112.50.
Restaurant Bill Calculation
- A group of friends had a restaurant bill of PHP 1,250.
- This bill includes 12% sales tax.
- To find the total cost, calculate 12% of PHP 1,250.
- The sales tax amounts to PHP 150.
- The total cost for the friends is PHP 1,400.
Commission Calculation
- A person sold an item for PHP 1,040.
- The commission rate was 5%.
- To find the commission, calculate 5% of PHP 1,040.
- The commission earned was PHP 52.
Markup Calculation
- A store owner added a 15% markup to all items.
- A cookie costs PHP 145.
- To find the marked-up price: calculate 15% of PHP 145.
- The marked-up price of the cookie is PHP 167.25.
Selling Price Calculation
- A shirt's original price is PHP 1,040.
- The discount price is not specified.
- Without specific discount information, the selling price cannot be calculated.
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