Business Math Practice Quiz

A government procurement office reviewed its annual supply expenses. Last year the office spent ₱2,400,000. This year the spending increased to ₱2,760,000. What is the percentage increase?

Increase = 2,760,000 − 2,400,000 = 360,000

Percentage Increase = 360,000 ÷ 2,400,000 × 100

Answer = 15%

A provincial government plans to purchase 50 laptop computers priced at ₱42,000 each. The supplier offers a 12% bulk discount. What is the total payment after the discount?

Total cost = 50 × 42,000 = 2,100,000

Discount = 2,100,000 × 12% = 252,000

Final payment = 2,100,000 − 252,000

Answer = ₱1,848,000

A government printing office produces manuals at a cost of ₱180 each and applies a 35% markup based on cost. What is the selling price?

Markup = 180 × 35% = 63

Selling price = 180 + 63

Answer = ₱243

A government training office organized a seminar. The fixed cost of organizing the event (venue, instructors, equipment) is ₱180,000. Each participant pays a registration fee of ₱1,200. The office spends ₱450 per participant for printed manuals, meals, and training kits. How many participants must register for the seminar to break even?

Contribution per participant = 1,200 − 450 = 750

Break-even participants = 180,000 ÷ 750

Answer = 240 participants

A national agency allocated ₱3,200,000 for equipment upgrades. 35% was used for computers and 25% of the remaining amount was spent on communication devices. How much remains unused?

Computers = 3,200,000 × 35% = 1,120,000

Remaining = 3,200,000 − 1,120,000 = 2,080,000

Communication devices = 2,080,000 × 25% = 520,000

Unused = 2,080,000 − 520,000

Answer = ₱1,560,000

A cooperative buys office chairs at ₱2,500 each with a 20% discount and sells them with a 30% markup based on the discounted cost. What is the selling price?

Discount = 2,500 × 20% = 500

Discounted cost = 2,000

Markup = 2,000 × 30% = 600

Answer = ₱2,600

A seminar costs ₱250,000 to organize. Registration fee is ₱1,500 and the materials cost per participant is ₱600. If 350 participants attend, what is the profit?

Contribution = 1,500 − 600 = 900

Total contribution = 900 × 350 = 315,000

Profit = 315,000 − 250,000

Answer = ₱65,000

A printer costs ₱18,000. The supplier offers a 15% discount and 12% VAT is applied to the discounted price. What is the final price?

Discount = 18,000 × 15% = 2,700

Discounted price = 15,300

VAT = 15,300 × 12% = 1,836

Answer = ₱17,136

A worker's salary increased by 20% and later decreased by 20%. What is the overall change from the original salary?

Assume salary = 100

Increase 20% → 120

Decrease 20% → 96

Answer = 4% decrease

A printing unit produces manuals at a cost of ₱150 each and sells them with a 40% markup. Fixed project cost is ₱60,000. How many manuals must be sold to break even?

Markup = 150 × 40% = 60

Selling price = 210

Contribution per manual = 210 − 150 = 60

Break-even = 60,000 ÷ 60

Answer = 1000 manuals

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