# BusinessMathMidterm.docx - Solve the problems below Show...

• Test Prep
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Solve the problems below. Show your COMPLETE solution. 1. A certain product is subject to series of discounts of 15%, 10% and 5%, if the net price is P5000, what is the estimated list price of the product? (5 pts) 2. Annie bought one dozen of smartphones for P200,000 with a discount of 5%. Half dozen were sold at a price of P18,000 per unit. However, a new model of smartphone became available in the market, so she sold the remaining half dozen at P12,000 each unit. What was her profit or loss? (5 pts) 3. A sari-sari store sells a soft drink case at P360. The store’s overhead expenses are 40% of the cost and the owner wants a profit that is 25% of the cost. a. How much is the cost of one case soft drink? (5 pts) b. At what price must the store sell the case to cover all costs and expense? (5 pts) c. What is the highest rate of markdown so that the store will breakeven? (5 pts)

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• Spring '15
• bangoy

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