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Understanding Discounts and Interest Calculations

The document contains a series of questions related to business, finance, and logic concepts. Specifically, it covers topics like discounts, sales, interest, symbolic logic translations, proposition types, and simple interest calculations. The questions have multiple choice answers to select from.

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Yheneth Poquita
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0% found this document useful (0 votes)
67 views4 pages

Understanding Discounts and Interest Calculations

The document contains a series of questions related to business, finance, and logic concepts. Specifically, it covers topics like discounts, sales, interest, symbolic logic translations, proposition types, and simple interest calculations. The questions have multiple choice answers to select from.

Uploaded by

Yheneth Poquita
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Q.

A _____________ is the amount by which the retail price of a product is reduced by the manufacturer when it is sold to the reseller or customer.
 List price
 Net price
 Trade discount
 Trade discount rate
Q. It is a fee for a service or product before discounts are deducted or sales taxes are added.
 List price
 Net price
 Trade discount
 Trade discount rate
Q. It is the final charge you pay for a product or service after discounts and sales taxes are computed.
 List price
 Net price
 Trade discount
 Trade discount rate
Q. It is computed by dividing the trade discount and the original price.
 Discount rate
 List price
 Net price
 Single trade discount
Q. A 65’’ TV originally costs P50,000. If it is on sale with 12% off, how much is the sale price/ net price / new price?
 P 6,000
 P44,000
 P45,000
 P56,000
Q. A pair of pants originally costs ₱2 000. If it is on sale with 15% off, how much will you pay to the cashier?
 P300.00
 P1,700.00
 P1,800.00
 P1,985.00
Q. A shirt originally costs ₱500. If it is on sale with 20% off, how much is the discount price?
 P100.00
 P300.00
 P350.00
 P400.00
Q. A pair of pants originally costs ₱2 100. If it is on sale with 10% off, how much is the discount price?
 P200.00
 P210.00
 P1,800.00
 P1,890
p :Today is Friday .
q :israining .
r : I am going ¿ a movie .
s : I am not going¿ the basketball game .
Q. Which of the following is the correct translation of the symbolic form “ p ∧q ?
 Today is Friday and it is raining.
 Today is not Friday and it is raining.
 Today is Friday and it is not raining.
 Todays is not Friday and it is not raining.
Q. Which of the following is the correct translation of the symbolic form “ q → s ?
 If it is raining, then I am going to the basketball game.
 If it is not raining, then I am going to the basketball game.
 If it is raining, then I am not going to the basketball game.
 If it is not raining, then I am not going to the basketball game.
Q. Which of the following is the correct translation of the symbolic form “ s ∨r ?
 I am going to a movie or I am not going to the basketball game.
 I am not going to the basketball game or I am going to a movie.
 I am not going to a movie or I am going to the basketball game.
 I am going to the basketball game or I am going to a movie.
Q. What is the truth value of the statement “If 2 is an integer, then 2 is a rational number”?
 True
 False
 Can’t be determined
 Either True and False
Q. What is the truth value of the statement “If 3 is a negative number, then 5>7 ”?
 True
 False
 Can’t be determined
 Either True or False
Q. What is the converse of p →q ?
 q→ p
 ∼q → p
 ∼q → ∼ p
 ∼ p →q
Q. Which of the following is inverse of the statement “If I get job, then I will rent the apartment”?
 If I rent the apartment, then I get the job.
 If I do not rent the apartment, then I did not get the job.
 If I get the job, then I will rent the apartment.
 If I do not get the job, then I will not rent the apartment.
Q. Determine which of the following statement below is a Universal Affirmative or A – Proposition.
 No nonreader will be left behind.
 Not every shiny object is gold.
 All heroes are not immortals.
 Some typhoons are not Pacific Ocean origin.
Q. Determine which of the following statement below is a Universal Negative or E – Proposition.
 No nonreader will be left behind.
 Not every shiny object is gold.
 All heroes are not immortals.
 Some typhoons are not Pacific Ocean origin.
Q. When is the conjunction of two statements become true?
 When both conjuncts are true
 When the hypothesis is true, and the conclusion is false.
 When both conjuncts are false.
 When the hypothesis is false, and the conclusion is true.
Q. When is the disjunction of two statements become false?
 When both disjuncts are true
 When the hypothesis is true, and the conclusion is false.
 When both disjuncts are false.
 When the hypothesis is false, and the conclusion is true.
Q. When is the implication of two statements become false?
 When both disjuncts are true
 When the hypothesis is true, and the conclusion is false.
 When both disjuncts are false.
 When the hypothesis is false, and the conclusion is true.
Q. Given, "If I have a Siberian Husky, then I have a dog." Identify the inverse.
 If I do not have a Siberian Husky, then I do not have a dog.
 If I have a dog, then I have a Siberian Husky.
 If I do not have a dog, then I do not have a Siberian Husky.
 If I do not have a Siberian Husky, then I have a dog. 
Q. Given, "If I have a Siberian Husky, then I have a dog." Identify the contrapositive.
 If I do not have a Siberian Husky, then I do not have a dog.
 If I do not have a dog, then I do not have a Siberian Husky.
 If I have a dog, then I have a Siberian Husky.
 If I do not have a Siberian Husky, then I have a dog. 
Q. Use the law of syllogism to draw a conclusion from the two given statements:
Statement 1: If you exercise regularly, then you have a healthy body
Statement 2: If you have a healthy body, then you have more energy
 You have more energy
 If you exercise regularly, then you have more energy
 You have a healthy body
 If you do not have a healthy body, then you do not exercise regularly
Q. Which statement is the converse of the given statement?
“If you make an insurance claim, then your rates will go up.”
 If your insurance rates do not go up, then you have not maid a claim.
 If you do not make an insurance claim, then your rates will not go up.
 If your insurance rates go up, then you have made an insurance claim.
 If you make an insurance claim, then your rates will not go up.
Q. Conditional: If it does not rain today, then we will have practice.
“What is this statement called: If it rains today, then we will not have practice.”
 Converse
 Inverse
 Contrapositive
 Negation
Q. Which of the following statement below is a proposition?
 Open the door.
 Municipality of San Mateo is a congressional district.
 You're adorable!
 In the year 2028, the president of the Philippines will be a woman.
Q. What type of statement is being describe in the symbolic form “ p ∧q ”
 Biconditional
 Conditional
 Conjunction
 Disjunction
Q. Which of the symbols below is the correct symbolic form of a conditional statement?
 p ∧q
 ∨q
 p ↔q
 p →q
Q. Every problem has a solution.
 A – proposition,
 I – proposition
 E – proposition.
 O - proposition

Q. All heroes are not immortal.


 A – proposition,
 I – proposition
 E – proposition.
 O - proposition
Q. No man is an island
 A – proposition,
 I – proposition
 E – proposition.
 O - proposition
Q. Excellence is not always rewarded.
 A – proposition,
 I – proposition
 E – proposition.
 O - proposition
Q. Not every uninformed citizen is ignorant.
 A – proposition,
 I – proposition
 E – proposition.
 O - proposition

Q. The rate is given as a percent (%).  Before using it in the simple interest formula, you must first convert it in to a______.
 Fraction
 Decimal
 Percentage
 Whole number
Q. What is principal in the simple interest formula mean?
 The amount taxed
 The amount of money borrowed or deposited
 The percent interest for the year
 The amount the bank owes as the costumer.
Q. If you are calculating the simple interest and you are given the time in months, how can you find the time in years?
 Add 12 to the months
 Multiply 12 times the months
 Divide the months by 12
 You cannot change it to months.
Q. The simple interest formula is I=Prt.  What does the t represent?
 Time in years
 Time in months
 Time in days
 Time in hours
Q. Which of the following completely describe INTEREST?
 A charge for lending money
 A charge for convenience of accessing money in your bank
 The amount owed for borrowing money
 The amount added into your savings account when opening a bank account
Q. Mary deposited P5,000 in a bank at 6.5% simple interest for 2 years. How much will she earn after 2 years, assuming that no withdrawals were
made?
 P600
 P 650
 P700
 P750
Q. Lina invested P30,000 in a stock market which guaranteed an interest of P5,600 after 3 years. At what rate would her investment earn?
 A. 0.0622%
 0.622%
 6.22%
 62.22%
Q. Christian borrowed P10,000 from a bank charging 12% simple interest with a promise that he would pay the principal and interest at the end of
the agreed term. If he paid P4,500 at the end of the specified term, how long did she use the money?
 3 years and 4 months
 3 years and 6 months
 3 years and 8 months
 3 years and 9 months
Q. Rachelle paid P7,400 interest at 14.5% for a four-year loan. What was the original loan?
 P12,785.62
 P12,758.62
 P12,587.62
 P12,578.62
Q. Vincent borrowed P35,000 from a bank at 12.5% simple interest for 5 years. How much will he pay the bank after 5 years?
 P21,875
 P21,785
 P56,875
 P56,785
Q. If Rose borrowed P42,000 from a bank at 10% simple interest, how much will she pay at the end of 15 months?
 P5,512.50
 P24,150
 P47,512.50
 P66,150
Q. The total amount paid on a loan is P84,000. If the loan was for 2 years at 9% simple interest, what was the original loan?
 P71,186.44
 P71,168.44
 P71,618.44
 P71,681.44
Q. Using the approximate time, determine the number of days from September 16, 2021 to November 25, 2021.
 69 days
 70 days
 71 days
 72 days
Q. Using the exact time, determine the number of days from September 16, 2021 to November 25, 2021.
 69 days
 70 days
 71 days
 72 days
Q. Using the exact time, determine the number of days from January 22, 2020 to May 8, 2020.
 105 days
 106 days
 107 days
 108 days
Q. Which of the following is the Banker’s Rule?
P∗r∗approximate time

I 0=
360
P∗r∗exact time

I e=
365
P∗r∗exact time

I 0=
360
P∗r∗approximate time

I e=
365
Q. On March 23, 2020, Mary applied for a P48,000 loan at 9.5% simple interest. She promised to pay on July 12, 2020. Compute the interest using
the banker’s rule.
 P1,361.75
 P1,380.67
 P1,386.74
 P1,406.00

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