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Grade 8 - Mathematics
9.40 Business Mathematics Review Test

Q 1: If 'M' and 'd%' respectively represent the market price and discount, then the actual discount =____.
M/100d
Md/100
100M/d
d/100+M

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

Q 3: If P=Principal, T=Time, and R=Rate, then Simple Interest I = _______.
100P/TR
PTR/100
P/100TR

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

Q 5: Using the normal convention, simple interest R = 100I/PT.
True
False

Q 6: If P = $450, T = 3 years, R = 5%, then I = ______.
$67.50
$75.45
$85.50

Q 7: If the cost price is $640, selling price is $680, profit percentage is ______.
6 1/4%
3 1/8%
5 3/4%
12%

Q 8: The interest agreed to be paid per year as a percentage is called the _____.
principal
amount
rate

Question 9: This question is available to subscribers only!

Question 10: This question is available to subscribers only!


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