Podcast
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?
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?
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?
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?
Signup and view all the answers
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?
Signup and view all the answers
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.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
Description
This quiz focuses on basic calculations involving interest, sales tax, commission, and markup. Participants will solve problems related to these financial concepts, enhancing their math skills in real-world scenarios. Perfect for students looking to understand how to calculate costs, interest, and markups.
