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Grade 8 - Mathematics
9.40 Business Mathematics Review Test

Q 1: Using the normal convention, simple interest R = 100I/PT.
False
True

Q 2: The money contributed by partners in a business is called _____.
profit
investment
market price

Q 3: Cost price is $550 and profit is $65, then selling price is $______.
Answer:

Q 4: The principal and the interest together is known as the _______.
total amount or amount
loss
profit
market price

Q 5: If the cost price is $528 and profit is $44, then the percentage of profit = _____.
-6 1/8%
7 1/2%
12 1/4%
8 1/3%

Q 6: R = 8%, T = 2 years and I = $160 then Principal =______.
$2000
$1000
$500
$1200

Q 7: Given discount percent = 25%, then the fraction to be multiplied with the market price to get selling price = ______.
1/2
1/4
1/25
3/4

Q 8: If the selling price is more than the cost price there is ____.
profit
no gain
loss

Question 9: This question is available to subscribers only!

Question 10: This question is available to subscribers only!


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