SUMMATIVE EVALUATION A. Compute the selling price of the following, given the mark-up. Write the letter of the
correct answer on the space before the number. ( 2 points each)
1. What is 25% of Php 125.00?
a. Php 31.15
b. Php 31.25
c. Php 30.75
d. Php 32.15
2. What is 75% of Php 575.00?
a. Php 431.15
b. Php 431.05
c. Php 431.75
d. Php 431.25
3. What is 35% of Php 305.00?
a. Php 106.75
b. Php 107.65
c. Php 105.75
d. Php 106.25
4. What is 5% of Php 245.15?
a. Php 12.25
b. Php 15.75
c. Php 12.75
d. Php 17.25
5. What is 65% of Php 675.25?
a. Php 428.91
b. Php 491.25
c. Php 438.91
d. Php 429.31
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Compare the sources of consumer credit 1. consumers use a prearranged loan using special checks 2. consumers use cards with no interest and non -revolving balances 3. consumers pay off debt and credit is automatically renewed 4. consumers take out a loan with a repayment date and have a specific purpose a. travel and entertainment credit b. revolving check credit c. closed-end credit d. revolving credit

The quinoa seed is in high demand in wealthier countries such as the u. s. and japan. approximately 97% of all quinoa production comes from small farmers in bolivia and peru who farm at high elevations—8,000 feet or higher. the seed is considered highly nutritious. mostly grown and harvested in bolivia and peru, and sold to markets in other countries, the seed is now considered an important for these nations. the governments of bolivia and peru are hopeful that this product will increase the quality of life of their farmers.

Over the past several years, joyce chen has been able to save regularly. as a result, today she has $54,188 in savings and investments. she wants to establish her own business in 5 years and feels she will need $100,000 to do so. a. if she can earn 6% on her money, how much will her $54,188 in savings/investments be worth in 5 years? will joyce have the $100,000 she needs? if not, how much more money will she need? b. given your answer to part a, how much will joyce have to save each year over the next 5 years to accumulate the additional money? assume she can earn interest at a rate of 6%. c. if joyce can afford to save only $4,000 a year then, given your answer to part a, will she have the $100,000 she needs to start her own business in 5 years?