Kimamon National High School

Senior High Department

Kimamon, Sto. Tomas, Davao del Norte
First Quarter Examination for the 1st Semester
August 10-11, 2017
BUSINESS MATHEMATICS
Name:_________________________________Section:______________Date:_____________Score:________

I. IDENTIFICATION. Identify the following statements.

1. It is a fraction bar which indicates division.

2. It shows how profitable a firm is and also measure the return or earnings on investments.
3. Refers to comparing figures of financial statement of one period with the figures of financial
statement of another period.
4. A fractions with the same denominator.
5. Paid by individuals and business entities and the knowledge of base, rate, and percentage is
used.
6. It is the part that considered in its quantitative relation to the whole.
7. It can be expressed as a fraction with denominator of 1.
8. Refers to the ratios used to gauge if the company can meet its current liabilities, those that
need to be paid within the current year.
9. A fractions whose denominators are not the same.
10. Concerned with meeting the long-term obligations of the company, those maturing in more
than one year.

II. TRUE OR FALSE. Write True if the statement is correct; and False if the statement is wrong.

1. A whole is always bigger than its parts.

2. 8/5 is greater than 7/6.
3. 16/4 is equal to 20/5
4. 2/3 is equal to 4/8.
5. To add mixed numbers, add the whole numbers and then add the fractional parts.
6. To convert fraction to decimal, we simply perform multiplication.
7. To find the rate, we divide the percentage by the rate.
8. Proper fractions are fractions that express amounts which are less than a unit.
9. To divide a fraction by another fraction, invert the divisor and multiply.
10. To subtract similar fractions, we subtract the numerators and copy the denominator and
reduce the fraction to lowest terms, if needed.

III. MATCHING TYPE. Match the following. Write the letter of the correct answer.

A B
______1. 6 as part of a dozen M. 17/24
______2. 2/4 + ¾ + ¼ = A. 1 1/2
______3. 5/8 + ¼ = T. 3/8
______4. 3 ¼ + 6 5/8 + 1 2/5= H. 15
______5. 5/8 – 3/8 = E. 6/12
______6. 5/6 – 1/8= m. 7/7
______7. 25 x 3/5 = a. 4 1/8
______8. 2 ¾ x 1 ½ = t. 1/4
______9. ¾ ÷ 2 = I. 11 11/40
______10. 40 3/8 ÷ 2 ¼ = C. 7/8
S. 17 17/18

IV. PROBLEM SOLVING. Solve the following and show your solution. ( 5pts each)

1. Eugene and Erlita are partners with capital balances of ₱32,000.00 and ₱48,000.00,
respectively. Their partnership earned a net profit of ₱8,600.00. Find the share of each using
their capital ratio.
2. Zeny’s current salary is ₱3,600.00 a month. Her previous salary was ₱3,200.00. What is the
rate of increase in her salary?
 ANSWER KEY
I. IDENTIFICATION
1. Vinculum
2. Profitability ratios
3. Horizontal analysis
4. Similar fraction
5. Taxes
6. Percentage
7. Whole number
8. Liquidity ratio
9. Dissimilar fractions
10. Solvency ratio

II. TRUE OR FALSE

1. True
2. True
3. True
4. False
5. True
6. False …division
7. False…by the base
8. True
9. True
10. True
III. MATCHING TYPE
1. E
2. A
3. C
4. I
5. t
6. M
7. H
8. a
9. T
10. S
IV.