OVERTIME OVERLOAD
What is the overtime rate for work performed during a regular day?
125% or 1.25
What is the VAT standard rate in the Philippines?
12%
If the Selling Price is greater than the Cost Price, is it a profit or loss?
Profit
What is the formula for Total Cost when several identical items are purchased?
Quantity × Cost per Item
Mario earns ₱200 per hour. How much is the hourly overtime pay on a regular day?
₱200 × 1.25 = ₱250
A tablet costs ₱35,000 before VAT. How much is the VAT?
₱35,000 × 0.12 = ₱4,200
A bag costs ₱500 and is sold for ₱650. How much is the profit/loss?
₱650 − ₱500 = ₱150 profit
The Tigil Café purchased 20 sandwiches for ₱75 each. What is the total cost?
20 × ₱75 = ₱1,500
Mina earns ₱180 per hour and renders 4 hours of overtime on a regular day. How much is the overtime pay?
₱180 × 1.25 × 4 = ₱900
A television costs ₱35,000 before VAT. What is the total price including VAT?
₱35,000 × 1.12 = ₱39,200
The Lala Café spends ₱4,500 to prepare its products and earns ₱5,800 from sales. How much is the profit?
₱5,800 − ₱4,500 = ₱1,300 profit
Lucas buys 60 cups of coffee for ₱45 each and sells each for ₱65. What is the total sales?
60 × ₱65 = ₱3,900
Robert has a daily rate of ₱950. She works on a Special Non-Working Day that is also her rest day. How much is her pay?
₱950 × 1.50 = ₱1,425
A smartphone costs ₱18,900 including VAT. What is its original price before VAT?
₱18,900 ÷ 1.12 = ₱16,875
X&Y store buys an item for ₱1,200 and sells it for ₱1,050. Determine the profit/loss.
₱1,200 − ₱1,050 = ₱150 loss
Sean also buys 60 cups of coffee for ₱45 each and sells each for ₱65. What is the total profit ?
Total Cost = 60 × ₱45 = ₱2,700
Profit = ₱3,900 − ₱2,700 = ₱1,200
Which rate applies when an employee works on a Regular Holiday that falls on a Rest Day?
260% or 2.60
A cabinet was sold for ₱22,400 including VAT. How much is the VAT amount?
VAT = ₱22,400 ÷ 1.12 × 0.12 = ₱2,400
The HBD Business buys an item for ₱800 and sells it for exactly ₱800. What is the result?
Break-even / No Profit, No Loss
Ashley buys 60 cups for ₱45 each and sells them for ₱65 each. What is the profit percentage based on cost?
Profit = ₱3,900 − ₱2,700 = ₱1,200
Profit % = ₱1,200 ÷ ₱2,700 × 100 = 44.44%