EARNING MONEY
What do you call the payment a worker receives based on the number of hours worked?
Wage
What do you call the price at which an item is bought?
Cost Price
What do you call the option with the lowest unit price?
Best Buy
What do you call the initial amount paid when purchasing an item through an installment plan?
Downpayment
What do you call the extra amount paid when purchasing an item through an installment plan compared with its cash price?
Interest or additional cost
Give the 4 different ways to earn money
Wage, Salary, Earnings/Income, Commission
What is the formula for computing profit?
Profit = Selling Price - Cost Price
What do you call the cost of one unit of a product?
Unit Price
A bicycle requires a ₱1,800 downpayment and a monthly payment of ₱950 for 6 months. What is the total installment price?
₱7500
A worker earns ₱85 per hour and works for 6 hours. How much does the worker earn?
₱510
What is the difference between a salary and a commission?
A salary is a fixed amount of money earned regularly for work, while a commission is money earned based on sales or performance.
A bag costs 1,500 and is sold for 1,800. What is the profit percentage?
20%
What is the difference of best buy and best value?
Best buy focuses on unit price, while best value considers overall benefits.
Why is the total installment price sometimes higher than the cash price of an item?
Because the installment plan may include interest in addition to the item's cash price.
SEE THE QUESTION BELOW
FREE POINT
A tutor charges ₱250 per hour. Teacher Jerome tutors 4 students for 2hrs. How much does he earn altogether?
₱4000
A store buys 30 water bottles for ₱90 each. It sells 20 bottles for ₱130 each and the remaining 10 for ₱70 each. Find the total profit or loss.
₱600
A 2-liter bottle of shampoo cost ₱190, while a 5-liter container cost ₱450. How much would you save per liter by buying the larger container?
₱5 pesos
A laptop costs ₱38,000 in cash. The installment plan requires an ₱8,000 downpayment and ₱2,750 for 12 months. Find the installment price and interest rate.
₱41,000 - Installment Price
7.89% - Interest Rate
What is the formula in getting the loss percentage?
Loss (%) = (Loss divided by Cost Price) x 100%
Fatima receives a basic salary of ₱17,500 and a 5% commission on sales. If her total earnings is ₱26,000, how much commission did she earn?
₱8,500
A store owner sells a product for the same amount that it cost to buy. Does the store owner earn a profit or incur a loss?
Neither profit nor loss
Store A sells 4kg of rice for ₱232. Store B sells 6kg for ₱330, and Store C sells 10kg for ₱530. Identify the best buy and calculate how much you would save per kg.
Store C is the best buy because it has the lowest unit price.
Give the four common terms in Buying on Terms (Installment Plan)
Downpayment (DP), Monthly Installment (MI), Installment Price (IP), Interest-
Give the full name of your Student Teacher
Adrian Gabriel C. Espinosa