Financial Math Answers

4. Diane has a loan with an interest rate of 6%. The amount of interest is P43.75 for a period of 75 days. How much is her loan using ordinary interest method?

5. Angela read an advertisement for a P50,000 loan. The ad informs the borrower that the company only charges 18% annual interest. If she plans to borrow that amount and repays it at the end of the year, how much is the interest? What is the interest of each month?

1. Richard is starting a small business, and he needs a capital of P50,000. He already has P25,000, and is considering a loan the other P25,000 from one of the lending companies. Which will be the best company to loan from if richard wants to pay the lowest interest possible? Assume that all companies use ordinary interest. Explain.

a. Company A c. Company C

Rate:6% Rate:5%

Time:120 days Time:150 days

b. Company B

Rate:10%

Time:60 days

2. Billy purchased a photocopying machine on an installment plan with a down payment of P1500 and with 6 monthly payments of P3500. Find the installment price if there is an additional P100 finance charge.

3. A commercial bank charges 9% interest for 129-day loan. If the exact interest amount is P264, how much is the principal amount?

2. Vincent is leasing 100 units of market space in zamboanga city. He computed his fixed costscat P320,000 monthly. He is leasing each space at P14,000 monthly. He spends aroundvP2,950 per rented space monthly for the maintenance. How many spaces must be rented monthly to breakeven? If vincent is targeting a minimum monthly profit of P500,000, how many spaces must be leased?

3. Jane manufactures soft leathers. She spends around P315 per square foot of leather produced and sells it at P300 per square foot. Also, she knows that her fixed costs amount to P1,400,000. What is the minimum number of square feet sold to be able to breakeven? If she only sold 6,000 square feet of leather, did she earn profit? If yes, how much? If no, how much money did she lose?

1. Greg bought a laptop for P28000 and spent P2500 on its spares. He later sold it at P25000. How much is greg's loss?

2. Alden went to bicol and bought 25 packs of pili nuts for P875 with 10% discount. When he got back to manila, he sold 15 packs for P675, and the rest at P40 each. How much profit did alden gain?

3. Arman sold a watch to his friend at a loss 5%. If his friend paid P650 for it, find the original cost of the watch.

4. A mobile phone was for P4800. Find the cost of the mobile phone if the profit is 20% .

5. A shopkeeper buys digital camera at P5400. Due to the fall in the market, he was forced to sell them at loss of 15%. Find the selling price for each digital camera.

7. Amlong developedan agricultural lot into a residential lot. He originally bought the lot at P300 per square meter and sold it at P1500 per square meter. How much was the gross margin? What was the gross margin rate?

1. A bicycle is listed in a wholesaler's catalog at P5400. The bicycle is sold to a retailer for a net price of P4087.50. What rate trade discount was given?

2. A swimsuit with a list price of P3499 was sold to a retailer for P2624.25. What rate of trade discount is given?

3. A car accessory listed at P1136 has a net price of P760. What is the rate of discount?

4. Utik utik distributors offers discounts of 25%, 12.5%, and 4% on a line of products. For how much should an item be listed if it is to be sold for P113.40?

5. The net price of a product is P63.31. What is the suggested retail price (list price) of a discount off 35% was allowed?

6. In 1995, david bought 200m² lot for P200,000. This year, he is planning to sell the lot for P2,000,000. How much is the gross margin? What is the gross margin rate?

2. A sports center sells a pair of running shoes at a markup of 20% of the selling price. Their markup on a specific brand is P350.

A. How much is the cost of the running shoes?

B. What is the selling price?

C. What is the rate of markup based on cost?

3. An appliance store cells electric kettle at a markup of 18% of the selling price. The store's profit of a particular model is P310.50.

A. For how much does a store sells kettle?

B. What was the cost of a kettle when it was bought by the store?

C. What is the rate of markup based on the cost?

4. An appliance center sells washing machine at a markup of 15% of the selling price. The store's markup on a certain model is P300.

A. What is the selling price of the washing machine?

B. What is the original cost of the washing machine?

C. What is the rate markup based on the cost?

5. A sungka is priced P999.75 at a certain toy store. If they used a markup of 35% of the cost, what is the markup as a percent of the selling price

1.David's bokstore foresees that people will buy notebooks several days before the start of a new school year. The cost of the notebook in the store is P25. Two weeks before the start of the new school year, the store's rate of markup based on the selling price is 8%. One week after the opening of classes, they decided to put additional mark-on of 2% to its selling price.

A. What is the selling price?

B. What is the markup?

C. What is the additional mark-on?

D. How much is the new selling price after the additional mark-on?

How much would I need to must to pay to give myself an income $10,000 of the end of each of the next 5 year, Given that I can obtain a rate of interest 9%

Alternatively, you can deposit a fixed payment of R 30,000 from your monthly salary

into the HBL savings account every month for the five years. The savings account pays

an annual interest rate of 11.25%, compounded monthly. How much will you be able to

accumulate at the end of sevene years?