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

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Question 10: This question is available to subscribers only!

